News

Partnerships / Acquisitions
Limonetik Sees Huge Post-Acquisition Payments Growth In Africa And Asia
August 26, 2021

Playing in the big leagues. That is the new environment French payment platform Limonetik finds itself in, according to CEO and Co-founder Christophe Bourbier, following its acquisition by cross-border payments leader Thunes in July. Get the Full Story Complete the form to unlock this article...

Payment Methods
Fiserv: Real Time Payouts To Millennials’ PayPal Or Venmo Accounts Could Take 50 Pct Share
August 26, 2021

Nandan Sheth, head of Fiserv’s Carat and Digital Commerce business, said the payouts industry was held back for far too long by an inability for businesses to offer consumer choice. This comment comes on the heels of the announcement that Fiserv has just expanded its...

Payment Methods
Facebook Ties Novi Launch To Diem, May Include NFT Features
August 25, 2021

Facebook is planning to link its launch of the Novi digital wallet to the debut of the digital coin Diem, according to David Marcus, who oversees F2 (Facebook Financial), in an interview Wednesday (Aug. 25) on Bloomberg Television. Get the Full Story Complete the form...

IPO
Brazilian FinTech Nubank Readies For IPO, Valuation Could Top $55B
August 25, 2021

Nubank, a Brazil-based FinTech that has amassed more than 40 million clients in Latin America in part by looking for business among constituencies ignored by traditional banks, could be worth more than $55 billion when it holds a planned initial public offering (IPO), Reuters reported....

Global Payments
Australia’s Airwallex Launches Its Cross Border Services In US
August 25, 2021

Melbourne, Australia-based FinTech Airwallex announced in a press release it will operate under newly-approved licenses in the United States — the first North American country in which it has a presence. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Retail
Ulta ‘Focused On Playing Offense’ As Beauty Industry Recovers
August 25, 2021

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

B2B Payments
B2B Payments Today: Balance Raises $25M To Digitize B2B eCommerce Payments; Visa, Citi, PayMate Partner...
August 25, 2021

Today in B2B payments, Balance raises $25 million in Series A funding and PayMate partners with Citi and Visa. Plus, Brex debuts a financing tool, Hopper expands into B2B service with Hopper Cloud and global B2B payments slip in the first half of 2021 because...

Security & Fraud
SEC Charges Ex Silicon Valley CEO With $80M Fraud
August 25, 2021

The federal Securities and Exchange Commission (SEC) has charged the former chief of a Silicon Valley technology company with cheating investors out of $80 million by inflating data regarding customer acquisition and revenue, according to a press release. Get the Full Story Complete the form...

Investments
Recuro Health Notches $15M Series A For Digital Expansion
August 25, 2021

Integrated digital wellness startup Recuro Health has raised $15 million in a Series A funding round led by ARCH Venture Partners, with participation from existing seed round investors OLSF Ventures, Cortado Ventures, 1843 Capital and Sage Venture Partners.  Get the Full Story Complete the form...