#PayTech / QR codes gain momentum as consumers demand socially distanced payments

It’s a fintech example of everything old becoming new again. The QR code – a technology first used in 1994 by the Japanese automotive industry – will reign as one of this year’s top ten fintech trends… A recent study by Juniper Research forecasts the number of global users of QR code payments will exceedContinue reading “#PayTech / QR codes gain momentum as consumers demand socially distanced payments”

#OpenBanking #LendTech / UK fintechs Token and Tradeteq get investment

Open banking payments platform Token and trade finance tech specialist Tradeteq have landed $15 million and $9.4 million, respectively. [Token:] “The capital enables Token to continue driving the shift from traditional payment methods to account-to-account payments by providing the fastest and simplest path to adoption for large merchants, PSPs and banking-as-a-service platforms.” Its use casesContinue reading “#OpenBanking #LendTech / UK fintechs Token and Tradeteq get investment”

#PayTech / Payroll fintech founded by Google alums raises $35m

Co-founders, Andrew Brown, Vivek Patel, and Eric Stromberg, are all former Google employees. Brown and Stromberg also founded streaming service, Oyster, which Patel worked on as a software engineer. Oyster was acquired by Google in 2016 and assimilated into the Big Tech. Check says it already works with 100,000 small businesses, providing payroll infrastructure thatContinue reading “#PayTech / Payroll fintech founded by Google alums raises $35m”

#PayTech / Stripe leads $102m funding round for one-click shopping startup Fast

Launched in September, Fast’s flagship product is designed to overcome the problem of shopping card abandonment by enabling consumers to complete purchases with a single click on any browser, platform or device. The process takes less than a second, without requiring a password or manually inputting information for every order. Buyers are automatically signed upContinue reading “#PayTech / Stripe leads $102m funding round for one-click shopping startup Fast”

#PayTech / TransferWise reportedly appoints Goldman Sachs and Morgan Stanley to steer it through LSE float

The fintech, which is expected to float on the London Stock Exchange later on this year, allegedly appointed the two banks to help it spur on its IPO efforts after reportedly gearing up to float late last year. After nearly a decade on the fintech scene, TransferWise has become one of the most well-known andContinue reading “#PayTech / TransferWise reportedly appoints Goldman Sachs and Morgan Stanley to steer it through LSE float”

#PayTech / UBS Fund Pursues $400 Million Stake in SoftBank-Backed Paytm

A fund run by UBS’s asset management arm is in discussions to buy a stake in Paytm alongside some of the Swiss bank’s clients… UBS aims to finalize an agreement as soon as this month, though talks could still be delayed or fall apart… India’s rapidly-growing market has attracted global investors keen to capitalize onContinue reading “#PayTech / UBS Fund Pursues $400 Million Stake in SoftBank-Backed Paytm”

#EmbeddedFinance / Rapyd raises $300M on a $2.5B valuation to boost its fintech-as-a-service API

Rapyd, which provides an API-based “fintech-as-a-service” platform covering payments, banking services, fraud protection and more, has raised $300 million, funding that … will be used to expand its team, build out more technology… and make selected acquisitions. Rapyd’s customer base now numbers about 5,000 businesses, which includes marketplaces (labor marketplaces and marketplaces for goods), e-commerceContinue reading “#EmbeddedFinance / Rapyd raises $300M on a $2.5B valuation to boost its fintech-as-a-service API”

#PayTech / After breakup with Visa, Plaid could be eyeing public markets

After Visa’s attempt to acquire Plaid for $5.3 billion fell apart nearly one year after the deal was first announced, industry observers are betting that the startup will nix getting acquired by another company. Instead, Plaid is more likely to go public via a traditional initial public offering, a special purpose acquisition vehicle (SPAC), orContinue reading “#PayTech / After breakup with Visa, Plaid could be eyeing public markets”