July 13, 2023
Visa’s Koenigsberg: Today’s Middle-Market Firms Give Rise to Tomorrow’s Enterprise...
Today’s middle-market companies are tomorrow’s investment-grade companies. But as Alan Koenigsberg, senior vice president and global head of large, middle market, treasury and working capital solutions at Visa, told Karen Webster, when...
July 12, 2023
Silo Technologies Raises $132 Million in New Capital
Silo Technologies, a provider of financial technology for distributors and grower shipper businesses in the perishable food supply chain, has raised $132 million in new capital. This includes a $32...
July 12, 2023
Car IQ and Visa Partner for In-Vehicle Merchant Payments
Car IQ Inc. and Visa Inc. have teamed up for in-car transactions with merchants. The collaboration will bring Car IQ’s wallet, Car IQ Pay, along with their powerful technology into...
July 12, 2023
Papara Becomes Turkey’s First FinTech Unicorn With Beka Finance Deal
Papara has become Turkey’s first FinTech unicorn company. The achievement — reaching a valuation over $1 billion — follows a major deal with Spain’s Beka Finance, Bloomberg reported Wednesday (July 12)....
July 12, 2023
Card Networks Become Hubs for FinTech Payments Modernization Efforts
FinTechs and venture capitalists recognize the pain points inherent in payments — and are investing the time and money needed to modernize infrastructure around existing rails and create new paths...
July 11, 2023
Freightos Reduces Headcount by 13% in Operational Efficiency Plan
Freightos is reducing its headcount by 13%, or about 50 employees, as part of its plan to cut costs and boost efficiency. This operational efficiency plan is designed to enable the...
July 11, 2023
Coin Use Plummets in Japan as Consumers Rethink Savings
High inflation in Japan has had an unintended victim: the piggy bank. As the Financial Times (FT) noted Monday (July 10) in a report on that country’s declining cash use,...
July 10, 2023
Convera Concludes Western Union Business Solutions Deal
B2B FinTech Convera says it has completed its acquisition of Western Union Business Solutions (WUBS). WUBS was acquired last year by Goldfinch Partners and The Baupost Group for $910 million and rebranded as Convera,...
July 09, 2023
Elon Musk Sues Wachtell Over $90 Million Fee Over Twitter...
Tesla and SpaceX CEO Elon Musk is suing elite Wall Street law firm Wachtell, Lipton, Rosen& Katz (Wachtell) seeking to recover most of a $90 million fee it received from...