Global payments firm peerTransfer announces today (January 13) that it closed a major funding round and hit a key profitability milestone. peerTransfer is an efficient, cost effective and transparent alternative to the existing friction-laden international funds transfer services, including bank wire. peerTransfer’s global payments platform...
Chinese e-commerce giant Alibaba and its financial-services affiliate have agreed to invest $575 million to jointly in India’s One97 Communications Ltd.’s online-payment and marketplace businesses, sources familiar with the matter told The Wall Street Journal. The deal, if it goes through, would give Alibaba and Zhejiang...
Alibaba and SoftBank are holding joint discussions with bankers in India as they try to secure a slice of India’s consumer e-commerce market, according to India’s Economic Times. The preliminary meetings are to discuss potential targets for the two companies, according to an unnamed source...
America’s greatest musical treasure Elvis Presley once sang that what he needed was “a little less conversation, a little more action,” a motto that the team at Mozido seems to have taken to heart. In a year-ending surprise, the Austin-based cloud platform mobile payments and...
Global payments vendor Adyen on Tuesday (Dec. 16) said that it has closed $250 million in new funding, led by global growth equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures. “Adyen is at the forefront of a rapidly globalizing...
As Alibaba, Amazon and other global ecommerce players ramp up their operations in India, New Delhi-based online marketplace Snapdeal is beefing up by acquiring online gift retailer Wishpicker, India’s Economic Times reported on Thursday (Dec. 11). The deal is the first since SoftBank more than...
PYMNTS.com Bitcoin Price and Volatility index. Bitcoin Tracker | Week 51 Bitcoin is sitting around the same as it was before Thanksgiving at 367.21 from 357.64, according to the PYMNTS.com Bitcoin Price index. PYMNTS.com caught up with Purse CEO and co-founder, Andrew Lee. This week’s...
E-Commerce services firm Bigcommerce has emptied an investment shopping cart to the tune of $50 million, courtesy of SoftBank Capital, American Express Ventures, Telstra Ventures, Revolution Growth and General Catalyst, Recode reported. “Led by CEO Eddie Machaalani, Bigcommerce sells subscriptions to its software platform, which...
In the late 90’s there was a popular bumper sticker “Think Globally, Act Locally,” that had all but disappeared by the mid-2000’s when their original owners bought Priuses, which successfully conveyed the same message without the risk to the paint that accompanies a bumper sticker....
