This strategic investment was co-led by Savant Growth LLC and VantagePoint Capital Partners, with additional backing from Savant’s limited partners, including Coller Capital, Hollyport Capital, Manulife Investment Management, and Achmea. The debt financing was led by Vector Capital through its new direct credit strategy, Vector Velocity. Stifel, Nicolaus & Company, Inc. acted as financial advisor
The Series C round brings Watershed’s valuation to $1.8bn. This significant injection of capital comes courtesy of lead investor Greenoaks, with notable contributions from Kleiner Perkins, Sequoia, and several other existing stakeholders. At its core, Watershed’s mission is to hasten the progression of the climate economy. The firm operates with a heightened sense of urgency
European neobank Viva.com has launched two new features designed to simplify business across the continent. The first new feature, real-time payments gives the Viva.com merchant community near-instant access to their funds. Transactions are now settled in up to 60 minutes, compared to the previous next-day settlement system. The second new feature, Offline Payments, was developed
Fiserv, Inc., the world’s leading provider of financial services and payments technology solutions, continues to enhance its core banking platform to deliver greater agility, fundamental resilience better infrastructure and greater scalability, enabling innovation and growth for credit union customers. One of many Fiserv cloud platforms, Fiserv Portico® enables credit unions to operate more efficiently while
Capital markets technology company Globacap has completed a $21 million Series B funding round with the aim of digitizing and automating the global private capital markets. Investors include financial markets heavyweights Moore Strategic Ventures, LLC, Cboe Global Markets, Inc. and the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and Asia-focused investment firm QBN
Stax Payments, a leading payment technology provider, today announced the acquisition of Atlantic-Pacific Processing Systems (APPS), creating a seamless end-to-end payment processing platform . The APPS integration marks a significant expansion in Stax’s technology stack, providing partners and merchants with flexible and customizable options for their payment processing needs on one cohesive platform. final, unique.
Moniepoint Microfinance Bank, a business banking platform in Nigeria, has announced plans to enter the personal banking market by launching a consumer and debit card app. Moniepoint Microfinance Bank, another subsidiary of Moniepoint Inc., will extend its trusted banking infrastructure from the businesses it serves to its customers and employees. Millions of people will benefit
TerraPay, a payments infrastructure company, has been approved by the Monetary Authority of Singapore (MAS) in principle for a Major Payments Institution (MPI) license, becoming a regulated payments company best. TerraPay’s global customers and businesses can access its vast network through this coveted MAS endorsement, enabling fully compliant, affordable, and transparent cross-border remittances. . It
Business technology provider NCR has expanded its Cashzone-branded ATM network in Portugal. To date, more than 100 Cashzone-branded ATMs have been installed in Portugal, giving consumers, including those visiting the country, easier access to cash. NCR is one of the largest independent ATM operators in the world and their Cashzone brand is present in the
flynas, the airline of Saudi Arabia and a low-cost airline in the Middle East, has partnered with Tabby, a financial services and shopping app based on MENA, to provide travelers with payment solutions flexible math. This partnership comes at a favorable time for travelers, especially with the increasing demand for air travel around the world.
HSBC and B2B FinTech Tradeshift have formed a new joint venture focused on developing integrated financial solutions and financial services applications. As part of the deal, HSBC will invest $35 million in Tradeshift in two phases and join its board of directors. The deal is part of a funding round that is expected to raise
Banco Santander, BBVA and CaixaBank have teamed up to combat financial fraud, one of the biggest challenges in banking. Banks are working on tools to exchange vital information and data to help prevent financial crime. They founded FrauDfense, a company that will bring together banks’ anti-fraud initiatives. FrauDfense has been presented to the competent regulatory
