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AMADOR BIOSCIENCE ANNOUNCES THE COMPLETION OF $60 MILLION SERIES B+ ROUND FINANCING
Amador Bioscience, a global translational sciences and clinical pharmacology CRO, announced today that it has completed 60MM USD Series B+ financing led by MSA Capital, a global private equity firm. Other participating investors include Series B Co-leads GL Ventures (venture capital arm of Hillhouse Group) and Sequoia Capital, and Series A lead VC Co-win Ventures.
“Amador’s vision is to be a leading global partner for biotherapeutics R&D success,” said Dr. Bing Wang, Amador CEO and Chairman of the Board. “We strive to provide global-standard translational sciences and clinical pharmacology services to biopharmaceutical companies in the US, China and EU. Completion of the back-to-back Series B and B+ financing marks a key milestone mirroring the End-of-Phase 2 (EOP2) in drug development. With this achievement, we’re committed to expanding our team and business, while keeping Amador’s pledge to provide efficient and high-quality work. We are blessed with the trust and support of our biopharmaceutical clients, employees, collaborators, and in particular our distinguished institutional investors. Together we continue building an innovative and efficient engine to accelerate the global R&D of novel drugs.”
SEABANK ENHANCES DIGITAL BANKING EXPERIENCES WITH GOOGLE CLOUD
Southeast Asia Commercial Joint Stock Bank has chosen Google Cloud as its primary cloud provider to enhance the service quality and customer experiences delivered on its SeAMobile/SeANet digital banking platform. With Google Cloud’s enterprise-grade and cutting-edge technologies, SeABank can optimize costs, strengthen security and accelerate innovation.
MODYO AND TODO1/IUVITY SIGN AGREEMENT TO POWER A NEW BREED OF DIGITAL FINANCIAL SOLUTIONS
It gives us great pleasure to announce today that TODO1/iuvity’s solutions will have the frontend digital financial experience powered by Modyo integrated with TODO1/iuvity’s Open Service Platform. With more than 20 years of digital financial experience, TODO1 is an industry leader powering important financial institutions in Latin America that have served more than 21 million digital customers in the past 12 months.
TODO1/iuvity and Modyo are providing clients and partners with a very compelling value proposition. Modyo’s frontend financial platform combined with TODO1/iuvity’s Open Service Platform’s APIs will give our clients flexibility and acceleration. Time to market can be reduced dramatically while helping to power next-gen digital financial solutions, leveraging the right architecture in the cloud.
FIRSTDIGITAL TELECOM COMPLETES SENIOR DEBT FINANCING
FirstDigital Telecom , a leading fiber-based carrier in the western United States, today announced that it has raise debt financing from a group of leading investors (“the lenders”), including AllianceBernstein, Deutsche Bank, Guggenheim and Webster Bank.
As a result of the transaction, FirstDigital has recapitalized its balance sheet with high-quality institutional lenders and consolidated its common equity ownership under President and CEO Wesley McDougal. This follows the recent $200 million preferred equity investment by infrastructure funds managed by Apollo (NYSE: APO), as FirstDigital continues to attract blue-chip capital partners and prepares the business to scale. Having successfully executed these series of transactions, the Company is optimally positioned to execute on its ambitious growth plans.
TERMINUS CAPITAL PARTNERS ACQUIRES POOLED INVESTMENT FUND SOFTWARE COMPANY DELTA DATA
TAP Software Holdings, an enterprise software investment vehicle managed by Terminus Capital Partners, today announced the acquisition of Delta Data, a leading FinTech company specializing in providing back-end solutions processing trillions of dollars in assets for the mutual fund, collective investment trust, and broader public pooled investment fund industry. Founded in 1985, Delta Data technology supports four of the top 10 US banks, four of the top five US retirement recordkeepers, and four of the top five US investment managers.
“Pooled investment funds like mutual funds and collective investment trusts are a $35T industry with complex transfer and trading, data tracking, regulatory compliance, and counterparty management challenges. As the largest pure-play and full-suite provider in pooled fund administration software, Delta Data is uniquely positioned for leadership in this important and dynamic market. We look forward to partnering with everyone on the Delta Data team to maximize customer success, to drive profitable growth, and to achieve Delta Data’s vision of being the best pooled fund software company in the world,” says Alex Western, Managing Director at Terminus Capital Partners.
OPORTUN COMPLETES ACQUISITION OF DIGIT, A NEOBANKING COMPANY AND PLATFORM
Oportun , a mission-driven fintech company announced today that it has completed the acquisition of Digit (digit.co), a neobanking platform that provides automated savings, investing, and banking tools. According to the company, the acquisition of Digit further expands its A.I. and digital capabilities to provide hardworking consumers a holistic offering built to address their financial needs.
“This is a transformational deal that positions Oportun for even more future success,” said Raul Vazquez, CEO of Oportun. “With this transaction, we are combining two mission-driven organizations with complementary services, capabilities, and member bases.”
LAURENTIAN BANK ANNOUNCES STRATEGIC PARTNERSHIP WITH BRIM FINANCIAL TO TRANSFORM ITS VISA CUSTOMER EXPERIENCE
Laurentian Bank of Canada announced today a strategic partnership with Brim Financial (“Brim”), one of the fastest growing fintech companies in Canada and a licensed credit card issuer, to fuel its digital transformation and enhance its end-to-end customer journey for its suite of VISA products. Through this partnership, Laurentian Bank will integrate Brim’s unique Platform as a Service (PaaS) to accelerate the Bank’s digital capabilities, simplify its VISA ecosystem, close foundational gaps in its offering, and differentiate its products in the market. Laurentian Bank and Brim plan to bring the new experience to the market in 2022.
VISA COMPLETES ACQUISITION OF CURRENCYCLOUD
Visa today announced it has completed the acquisition of Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments.
The acquisition will empower Visa and Currencycloud clients and partners to provide greater transparency, flexibility and control for consumers and businesses when making international payments or doing business in multiple currencies.
The acquisition builds on an existing strategic partnership between Currencycloud and Visa. Currencycloud’s cloud-based platform already supports over 500 banking and technology clients with reach in over 180 countries and will continue to serve and support its customers and partners across the industry.
VIVA WALLET AND MASTERCARD ACCELERATE DIGITAL TRANSFORMATION IN EVORA
Viva Wallet, with the support of Mastercard, will assist the digital transformation in the city of Evora, enabling local merchants to adopt contactless payments in their stores.
The initiative is intended to encourage SMEs from local businesses to join the acceptance of contactless payments, through Tap On Phone technology, which is provided by the Viva Wallet POS app, thus allowing customers to pay easily, safely and hassle-free, even with international cards. With this innovative technology, merchants can transform any Android NFC-enabled smartphone, tablet or other device into a contactless card terminal, saving the costs associated with dedicated terminals, by simply downloading the application to the merchant’s smartphone.
This digital transformation project kicks off with a campaign to promote and advertise the service, encouraging more than 1,000 local businesses, including restaurants, to join digital payments, improving the shopping experience of their customers, especially tourists, who are not always able to use their cards in traditional national card terminals.
This Viva Wallet initiative in Evora, with the support of Mastercard, aims to educate and raise awareness among merchants, as well as encourage the local population, students and tourists to use contactless payments.
The campaign started on April 4 and will be present in several digital media but also physical media such as billboards and large format, static and mobile, as well as displays in local shops and restaurants and social networks.
“ The Tap On Phone solution, available to all merchants, brings a new paradigm to the payment landscape. The old and bulky payment card terminals, only focused on payments, will soon become obsolete. Viva Wallet is leading the digital transformation of SMEs with the latest technology available. Now, any business can benefit from the Viva Wallet POS app, and turn an Android phone with NFC into a card terminal. Our solution is not only highly innovative but can also be easily integrated with third party applications. And best of all: there are no monthly fees or limitations on the number of “card terminals” a merchant can have! ”
Viva Wallet Country Manager Pedro Saldanha.
“ It is the right time for us to support the digital transition of cities, giving more quality of life to its residents and visitors. Using a contactless card in daily routines is a good example. Mastercard, with Viva Wallet and local stakeholders, wants to make Evora a contactless city, by using a set of innovative services that we have implemented in several cities around the world. It is this global experience that we want to share with the city of Evora, with the people of Evora, with local commerce and businesses, and with all those who visit the city. With this project we are responding to the challenges of tourism and to the dynamization of the local economy, through scalable technological solutions, essential for the future of smart cities. ”
Mastercard Country Manager Maria Antonia Saldanha.
VISA AND POPID FORM PARTNERSHIP TO LAUNCH FACIAL VERIFICATION PAYMENTS IN THE MIDDLE EAST
PopID, a consumer authentication service, and Visa, the world’s leader in digital payments, announced a partnership to collaborate on launching facial verification payment acceptance in the Middle East region. The goal of the partnership is to provide cardholders with new safe, secure, and innovative ways to pay.
SUSTAINABLE FINTECH CARBONPAY LAUNCHES PREPAID BUSINESS PAYMENT CARD: HELPING COMPANIES TO AUTOMATICALLY OFFSET THEIR CARBON FOOTPRINT WITH EVERY TRANSACTION
CarbonPay, a sustainable fintech platform that offers the planet’s most impactful payment cards and makes everyday climate action simpler, today announced the launch of its corporate prepaid offering, CarbonPay Business Ctrl. With this launch, CarbonPay offers a prepaid card for businesses in the U.S. and U.K. that helps offset their carbon footprint automatically with every transaction; for every £1 / $1.50 spent, CarbonPay offsets 1kg of CO2 at no extra cost. The simple and transparent pricing plan scales with any business, where businesses can add as many or as few people as needed, paying £5 / $5 a month per cardholder.
KLARNA COMPLETES ACQUISITION OF PRICERUNNER
Klarna, a leading global retail bank, payments, and shopping service today announced the completion of its acquisition of PriceRunner, the leading comparison shopping service in the Nordic region with operations in Sweden, Denmark, Norway and the United Kingdom.
ENCORE CAPITAL GROUP, INC. AMENDS AND EXTENDS ITS GLOBAL SENIOR FACILITY
Encore Capital Group, Inc., an international specialty finance company, today announced that it had amended and restated its existing global senior secured revolving credit facility agreement to, among other things, increase the size of the facility by $90 million to $1.14 billion and extend the termination date of the facility from September 2025 to September 2026.
FIRST EAGLE INVESTMENTS TO ACQUIRE NAPIER PARK GLOBAL CAPITAL, EXPANDING ALTERNATIVE CREDIT CAPABILITIES
First Eagle Investments today announced a definitive agreement to acquire Napier Park Global Capital, a leading alternative credit manager with approximately $18.7 billion in assets under management as of December 31, 2021, predominantly for institutions through credit funds, US and European collateralized loan obligations, and real assets. As an autonomous, wholly owned unit of First Eagle Investments, Napier Park will go to market as “Napier Park, a First Eagle Investments Company” and maintain its investment approach, business focus and client service.
SEACOAST ANNOUNCES THE ACQUISITION OF APOLLO BANCSHARES, INC.
Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, announced today that it has signed a definitive agreement to acquire Apollo Bancshares, Inc., parent company of Apollo Bank based in Miami, FL. The proposed transaction will expand Seacoast’s presence in Miami-Dade County, part of the Miami-Fort Lauderdale-Pompano Beach metropolitan statistical area, Florida’s largest MSA and the 8th largest in the nation.
PAPAYA GLOBAL TO ACQUIRE DIGITAL CROSS-BORDER PAYMENTS SERVICE AZIMO, MAKING PAYMENTS INSTANT AND UNBOUND BY GEOGRAPHY
Papaya Global, the global people management platform for the remote working era, announced today that it has agreed to acquire Azimo, the global digital cross-border payments service, making it possible to pay employees almost instantly regardless of geography and typical payroll limitations.