News

Investments
Supply Management Firm LevaData Raises $47M
September 14, 2021

Supply management software company LevaData announced that it had closed a $47 million Series C funding round, according to a press release on Monday (Sept. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Egypt’s Capiter Nets $33M for Expansion Across MENA
September 14, 2021

Cairo-based startup Capiter announced Monday (Sept. 13) that it has raised $33 million in a Series A funding round to expand its B2B eCommerce platform to Egypt, the Middle East and North Africa (MENA) region by 2022, according to a press release. Get the Full...

Investments
Blockchain-Based FinTech Optherium Labs Secures Pre-Series A Funding
September 13, 2021

Blockchain-based Software-as-a-Service (SaaS) company Optherium Labs, which helps other companies add banking services, has received a pre-Series A investment from IRETH, which will help both companies achieve secure financial service delivery, according to a press release. Get the Full Story Complete the form to unlock...

Security & Fraud
Apple Fixes Flaw That Was Causing Software Breach Since February
September 13, 2021

Apple has put out a new security update to fix a flaw that caused a software breach for months, The Wall Street Journal (WSJ) reported Monday (Sept. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
55% of Consumers Are Too Scared to Store Their Payment Details Online
September 13, 2021

The data breaches that have grabbed headlines and seemed to increase in frequency during the pandemic have kept consumers on their toes when it comes to storing data with merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Partnerships / Acquisitions
Intuit Agrees to Acquire Mailchimp for About $12B
September 13, 2021

Intuit — which makes TurboTax, QuickBooks, Mint and Credit Karma — announced an approximately $12 billion cash and stock deal to acquire small- to medium-sized business (SMB) customer engagement and marketing platform Mailchimp, according to a Monday (Sept. 13) press release. Get the Full Story...

Regulation
Report: Georgetown Privacy Professor Bedoya is Biden’s FTC Commissioner Nominee
September 13, 2021

President Joe Biden will nominate Georgetown University law professor and privacy law expert Alvaro Bedoya as a Democratic commissioner on the Federal Trade Commission, according to a Bloomberg report that cited a person familiar with the situation. Get the Full Story Complete the form to...

Investments
Robinhood: SEC Won’t Ban Payment for Order Flow
September 13, 2021

The Securities and Exchange Commission will investigate, but not ban, a practice known as payment for order flow, the legal chief for the Robinhood trading app said Monday (Sept. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

IPO
Canada’s VersaBank Plans New York IPO
September 13, 2021

VersaBank, Canada’s first financial institution to operate without a branch, is launching a public offering of shares in the U.S. and Canada, and is filing an initial public offering (IPO) on the Nasdaq Global Select Market (Nasdaq) in New York City under the ticker VBNK....