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DNA Payments pockets £100 million investment
London headquartered payments processor DNA Payments has banked a £100 million investment from Alchemy Partners. DNA currently serves over 45,000 merchants ranging from major online and offline retailers to SMEs, providing them with over 70,000 terminals which make over 20 million transactions worth over £600m a month. The firm also provides a variety of SaaS […]
Timex launches range of contactless payment watches
Timex has joined forces with Visa, Tappy and Chase to launch a range of watch straps that can be used to make contactless payments. Watchmaker Timex first teamed up with Tappy, a Hong Kong-based outfit that has developed token payments technology that can effectively turn any watch into a credit or debit card, in 2019. […]
What is an iNFT and how does it work?
Alethea AI, an open AI developer company, has teamed up with London-based artist Robert Alice to bring a virtual being to life, and they’re auctioning it at Sotheby’s as the “first intelligent nonfungible token” (iNFT). In collaboration, they have created a virtual being named Alice using AI technology. She can have conversations with people, based on the personality that […]
Fintech all-star Nubank raises a $750M mega round
In 2013, Colombian businessman David Velez decided to reinvent the Brazilian banking system. He didn’t speak Portuguese, nor was he an engineer or a banker, but he did have the conviction that the system was broken and that he could fix it. And as a former Sequoia VC, he also had access to capital. His […]
Antelop reinvents digital cards and mobile issuance with a unified solution for banks and card issuing processors
Banks and card issuing processors can now use a single software development kit to add all the very latest digital card features to their mobile banking app, making it possible for even the smallest bank to quickly and easily provide its clients with an instant, mobile-first experience that meets the needs of today’s increasingly digital […]
Payments are going global: Visa and Goldman Sachs partner
Two world-leading financial institutions – Visa and Goldman Sachs – have joined forces to help make business transaction banking easier than ever before. Leveraging both Visa B2B Connect and Visa Direct Payouts, Goldman hopes to simplify processes, drive efficiencies, and reduce operating costs. With these services available for both its B2B and B2C customers, the investment bank envisions a future where businesses […]
ID verification outfit Trulioo hits $1.75bn valuation
Canadian identity verification outfit Trulioo has hit a US$1.75 billion valuation off a US$394 million Series D funding round led by TCV an joined by Citi and American Express. Blumberg Capital and Mouro Capital also joined the round for Vancouver-based Trulioo. which provides real-time verification of 5 billion consumers and 330 million business entities worldwide […]
Charity: Water Launches Bitcoin Water Trust Funded by Tony Hawk and Other Celebrities
Global safe drinking water nonprofit, charity:water, announced the launch of its first crypto-native Bitcoin Water Trust initiative. The trust will allow charity: water to receive and “hodl” bitcoin donations to fund global water projects until 2025. In line with the values of the donors, the trust’s funds will be held in bitcoin and the intended execution […]
Capchase raises $125m for just-in-time financing platform
Capchase, a US startup that helps tech company founders access non-dilutive capital, has raised $125 million in a mix of debt and equity.QED Investors led the Series A, which was joined by Bling Capital, ScifiVC and Caffeinated Capital, along with several operator angels. Founded in 2020, Capchase helps companies unlock cash that is otherwise tied […]
HSBC UK launches fraud awareness app for businesses
HSBC has launched a fraud awareness app to provide businesses with up-to-the-minute news on emerging scams. As well as sending users notifications on new scams and fraud tactics, the free app also includes advice and tips on how to avoid falling victim to fraud and provides real-life stories from customers. Peter McIntyre, head of small […]