Payment giant Stripe funds fintech startup Ramp at $1.6 billion valuation
Ramp, a fintech startup that offers corporate cards and software for managing employee expenses, raised $115 million in a funding round led by digital payments giant Stripe and D1 Capital Partners, valuing it at $1.6 billion, it said on Thursday. The two-year-old New York-based firm competes with American Express, new-age fintech startups such as Brex and older expense management software makers like Expensify and SAP Concur. Stripe, which had invested in Ramp previously as well, had in March raised $600 million at a valuation of $95 billion. To read more, please click on the link below… Source: Payment giant Stripe funds fintech startup Ramp at $1.6 billion valuation | Reuters
DNA Payments partners with Ecospend for Open Banking payments
The partnership will bring Ecospend’s innovative Open Banking payments service to DNA Payments Group portfolio of 30,000 merchants.
TrueLayer raises US$70m to build the world’s most valuable Open Banking network
TrueLayer, Europe’s leading open banking platform, today announced it has secured a US$70m Series D investment round led by new investor Addition. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to open up finance, building an open banking network that brings together payments, financial data, and identity to redefine how people spend, save, and transact online. Existing investors, including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek, also participated, with a significant increase to the company’s valuation. Additional investors in the round include Visionaries Club, Surojit Chatterjee (CPO Coinbase), Zack Kanter (CEO Stedi), Daniel Graf […]
Novatti’s Ripple partnership live to The Philippines
Leading Australian digital banking and payments company Novatti, is now live with revenue-generating transactions taking place via Ripple.
Digital Finance as the New Normal: Plaid raises $425 Million Series D
With digital finance being the new normal, Plaid has announced a significant funding round raising $425 million in a Series D round.
How is fintech helping digital entrepreneurs in developing countries?
Fintech is playing an important role in helping digital entrepreneurs tap into growth opportunities in Indonesia’s developing communities.
Acorns’ new fintech target is debt management with acquisition of Pillar
Saving and investing app Acorns has acquired Pillar, an AI-powered startup built to help manage student loan debt, in its second acquisition of 2021.
While the world dithers, China prepares to unleash a digital currency
China is rushing towards the development and distribution of a central bank digital currency while the rest of the developed world dithers along.
