In today’s top payments news around the world, Sweden-based Einride has landed $110 million, while Marqeta has collaborated with Afterpay on virtual cards. Plus, Shift Technologies has closed a Series D funding round of $220 million.
Driverless Truck Provider Einride Nets $110 Million In Funding
Einride, based in Sweden, has notched $110 million to support the development and use of electric, self-driving trucks. Build Capital, Maersk Growth, Northzone, Soros Fund Management and Temasek are among the new investors. Also, NordicNinja VC, Ericsson, Norrsken VC, Plum Alley Investments and EQT Ventures took part in the round. “Einride is dedicated to transforming road freight transport as we know it, making it more cost-efficient, safe, and sustainable,” Einride Co-Founder and CEO Robert Falck said in an announcement.
Marqeta Partners With Afterpay To Launch Virtual Cards For ANZ Market
Marqeta has teamed with Afterpay to provide “virtual cards” as part of its in-store offerings for clients in New Zealand and Australia. Marqeta’s tokenization allows cards to be issued immediately and provisioned straight into a mobile wallet. “Through our partnership with Marqeta, we are able to give our customers the same seamless and convenient payment experience whether they are shopping online or in person,” Lynne Lagan, director of international expansion for Afterpay said in the announcement.
Insurance AI Provider Shift Secures $220 Million In Funding For Fraud Detection
Shift Technologies has wrapped up a Series D funding round of $220 million. This funding round, which was headed up by Advent International with help from other investors, brings the total investment in Shift to $320 million. Shift offers artificial intelligence (AI)-fueled decision automation and optimization solutions for insurance firms. “Since its founding in 2014, Shift has made a name for itself in the complex world of insurance,” Thomas Weisman, a director on Advent’s technology investment team in London, said in an announcement.
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