News

Fintech Investments
UK FinTechs Garnered Record VC, PE Investments In 2018
February 12, 2019

The U.K. FinTech market had a strong showing in 2018, with venture capital and private equity investments hitting $3.3 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Banking
SWIFT Expands Its Reach By Adding Corporates To KYC Registry
February 12, 2019

SWIFT announced Tuesday (February 12) that it opened its Know Your Customer platform, the KYC Registry, to corporate groups. 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...

Investments
Mastercard Foundation, Ripple Back Remittance Co SendFriend
February 12, 2019

Remittance company SendFriend announced that it has raised $1.7 million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Retail
Ikea Uses TaskRabbit Acquisition To Gain Retail Edge
February 11, 2019

Retail furniture giant Ikea’s recent acquisition of handyman site TaskRabbit shows that it’s aware of competition from other online-only furniture retailers, and their push of services like installation and delivery, according to a report by Reuters. Get the Full Story Complete the form to unlock...

Investments
Reddit Valued At $3B After $300M Funding Round
February 11, 2019

Reddit has received $300 million in a Series D funding round from some notable investors, giving the company a new valuation of $3 billion. In addition, the investment will help the company take on ad revenue from companies like Facebook and Google and continue to...

B2B Payments
Goldman Leads $44M Round For Biz Credit Startup Nav
February 11, 2019

Goldman Sachs and other investors have led a $44 million investment round in Nav, a company linking small businesses to their business credit scores and reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Investments
Lunar Way Raises €13 Million In Funding To Bankroll Growth
February 11, 2019

Lunar Way, the Nordic banking app, has raised €13 million in venture funding led by SEED Capital. 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...

Cross-border Payments
Twitter CEO Dorsey Summoned To Appear Before Indian Parliamentary Panel
February 11, 2019

Twitter Chief Executive Jack Dorsey is being summoned by an Indian Parliamentary panel that wants him to appear later in February. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
UK Digital Bank Monzo Eyes Expansion, Tests SMB Accounts
February 11, 2019

Monzo, a digital bank out of London, wants to expand past just mobile-based personal banking customers to small and medium-sized businesses (SMBs).   Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...