Jack Henry & Associates, Inc. announced today that it has entered into a definitive agreement to acquire Payrailz, adding the company’s next-generation digital payment capabilities, including real-time person-to-person (P2P) payments, to Jack Henry’s payments ecosystem. Payrailz, a cloud-native, API-first, AI-enabled provider of consumer and commercial digital payment solutions and experiences, is based in Glastonbury, Connecticut. By enabling money
Truework, a fintech company that provides income and employment verification for the nation’s largest mortgage, auto, and consumer lenders to approve more borrowers in a fraction of the time, today announced it raised $50 million in Series C funding. Sequoia Capital, Activant Capital, and Khosla Ventures returned investors joined G Squared in leading the Series
It is obvious now, five years later, that those worries were unjustified. Five million open banking-driven payments were made by UK businesses and consumers in May 2022 alone. In the same month, the open banking community in the UK made a record 1 billion API calls. So, rather than being a limiting action by the
Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022. Paysend customers can now send money to more than 170 countries around the world thanks to these new payment channels. Notable additional countries supported by Paysend
Clara, the leading Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, announced today approved financing from Goldman Sachs for an initial $50 million with the option to upsize to $150 million. “This financing will fuel our planned regional growth and will also allow us to successfully
There are many catastrophes that might severely hurt your bottom line. Your employee might, for instance, spill a can of white paint on some items. Or a client could suffer an injury after stumbling over a rug at your establishment. Or you can face legal action for reputational harm resulting from something you or a
Tax automation fintech Avalara is to be acquired by global investment firm Vista Equity Partners in an all-cash deal worth $8.4 billion. All of Avalara’s outstanding shares will be purchased by Vista for $93.50 per share, a premium of 27% over the stock’s closing price on July 6, 2022. Avalara’s net debt is included in
AstroPay, the preferred online payment solution for millions of customers worldwide, has introduced a flagship global Affiliate Programme to give people and companies who wish to make money online and expand their company prospects. The new programme aims to expand AstroPay’s clientele globally while supplying a reliable partner for individuals who are professionally committed to
Backbase is proud to announce that the Backbase Engagement Banking Platform is now listed in the Microsoft Azure Marketplace, apps and services are offered online for use with Azure. Customers of Backbase can benefit from the reliable and effective Azure cloud platform, which has simplified setup and maintenance. This listing is the next exciting step
4th – 5th October 2022 | Radisson Blu Scandinavia, Copenhagen
4th – 5th October 2022 | Radisson Blu Scandinavia, Copenhagen Your favourite Nordic Banking event is back. Re-charge innovation, be inspired by visionaries, and ensure you’re at the center of it all. The ideas sparked at MoneyLIVE Nordic Banking will set the bar for future innovations – Will you be part of the conversation? Read
13th – 14th September 2022 | Singapore
13th – 14th September 2022 | Singapore MoneyLIVE APAC brings the most visionary speaker line-up and cutting-edge topics to the table so you can ensure you stay at the forefront of innovation. If you work in the world of banking, payments, or FinTech, you simply can’t afford to miss out. Read More
Florida-based B2B payments platform Plastiq is to become a publicly traded company following a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corporation. The new company, with an estimated $480 million in value, will continue to be run by CEO Eliot Buchanan and go by the name Plastiq. Plastiq expects the transaction to increase
