A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – PAYMENTS
- Kalixa, an online payment gateway provider, has been acquired by Senjo Group for €29M ($30M). Link
- FortunePay, a Bangalore-based payment processor, has been acquired by Ezetap, an mPoS provider, for an undisclosed amount. Link
- Blockchain, a bitcoin wallet and payment gateway provider, has raised £31.5M ($40M) in a Series B round led by Lakestar and Google Ventures, with participation from Lightspeed Venture Partners, Virgin, Prudence Holdings, Mosaic Ventures, Digital Currency Group, Nokota Management LLP, Richard Branson. Link
- Riskified, a machine learning based payment fraud prevention solution provider, has raised $33M in a Series C round led by Pitango Growth, with participation from Capital One Growth Ventures, C4 Ventures, Qumra Capital, Genesis Partners. Link
- Ingo Money, a check processing services provider, has raised $12M funding from MissionOG, Camden Partners Holdings, Clark Enterprises. Link
- Soldo, a mobile app which offers a multi-user spending amount, has raised $11M in a Series A round led by Accel Partners, with participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. Link
- Greenlight, a prepaid debit card issuer for kids, has raised $7.5M in a Seed round led by Relay Ventures, with participation from Social Capital, New Enterprise Associates and TTV Capital. Link
- Aimbrain, a mobile behavioural biometric security layer for payment services, has raised £4M ($5.1M) in a Series A round led by BGF Ventures, with participation from Entrepreneur First, Simon Rozas, Episode 1 Ventures. Link
- Transactive Solutions, a payment processing software provider, has raised $1.5M in a Seed round led by AngelRush. Link
- Fuze Card, a meta card provider, has raised $1.2M in Equity Crowdfunding. Link
SOME INTERESTING STARTUPS FOUND
Transactive Solutions (2017, Barnet, $1.5M) – A back-end payment processing software provider to businesses. The platform is PSD2 compliant. Backed by AngelRush.
LEADER BOARD – PAYMENTS
Payment Gateway
Safecharge (2006, British Virgin Islands, IPO) – A customized payment acceptance portal for merchants. Went public in 2014.
Stripe (2010, SF, $466M) – A merchant acquirer and a payment gateway API provider for web and mobile payments. Backed by Y Combinator, American Express, VISA, Redpoint Ventures, Andreessen Horowitz, Salesforce, Morgan Stanley, Sequoia Capital, SV Angel, Khosla Ventures, Goldman Sachs, Founders Fund, KPCB, General Catalyst Partners, Thrive Capital, Lowercase Capital, Allen & Company, JPMorgan Chase & Co., Alven Capital, TrueBridge Capital Partners, Entree Capital, Square Peg Capital, Golden Gate Ventures, Playfair Capital, Barclays, Designer Fund, Sumitomo Mitsui Financial Group, Darwin Ventures, BoxGroup, Google Capital.
Billdesk (2000, Mumbai, $157.5M) – Electronic payment services provider to banks, businesses and other institutions. Backed by SBI, General Atlantic, TA Associates Management, Bank of Baroda, Temasek, Clearstone Venture Partners, SIDBI Venture Capital, March Capital Partners.
Acquirer Processor
First Data Corporation (1971, Atlanta, Acq, IPO) – A global payments service provider specializing in merchant transaction processing, private label cards and e-check acceptance services. Was acquired by KKR in 2007 for $27.5B. Went public in October 2015.
Vantiv (1971, Cincinnati, IPO) – An electronic payment processor,
WorldPay (1993, London, IPO) – A London-based payment processin
Total System Services (1982, Columbus (Georgia), IPO) – A merchant acquirer and white label prepaid card solutions provider. Went public in 1983.
Adyen (2006, Amsterdam, $266M) – An internet-first merchant acquirer and omnichannel payment soluti
Payment Network
VISA (1958, Foster City, IPO) – An association of banks and other financial institutions, which facilitates card payment transactions. Went public in 2008.
MasterCard (1966, Purchase, IPO) – An interbank associatio
Vocalink (2007, Rickmansworth, $114M, Acq.) – A UK-based ATM switching platform and interbanknetwork. Aquired
Ripple (2012, SF, $90.5M) – An open source, decentralized protocol to provide real time cross border payments and settlements. Backed by Standard Chartered, AME Cloud Ventures, Seagate, CME Group, IDG Capital Partners, RRE Ventures, Venture 51, Core VC, ChinaRock Capital Management, SBI Holdings, Route 66 Ventures, Camp One Ventures, Blockchain Capital, Santander InnoVentures, Digital Currency Group, SCB Digital Ventures.
PoS Suite
VeriFone (1981, San Jose, IPO) – Provides all kinds of PoS devices, along with a payment gateway. Went public in 2005.
Ingenico Group (1980, Paris, IPO) – A payment processing service provider specializing in NFC enabled PoS terminals, gateways and cross-border e-commerce solutions. Went public in 1985.
Wallet
PayPal (1998, San Jose, Acq., IPO) – An online payment and money transfer service, offeringpayment gatew
Mozido (2008, Austin, $288.5M) – A white label web and mobile wallet solutions provider. Backed by MasterCard, TomorrowVentures, Atlanticus, Brentwood Associates, Wellington Management, Quabbin Capital.
Dashlane (2009, NYC, $52.5M) – A fully-featured password manager and secure digital wallet app. Backed by Bessemer Venture Partners, FirstMark Capital, Rho Ventures, TransUnion, FinTech Innovation Lab.
Xapo (2012, Palo Alto, $40M) – A bitcoin wallet provider with cold storage facility. Backed by Greylock Partners, Index Ventures, Benchmark, Fortress Investment Group, Ribbit Capital.
Alternate Payment Methods
PayNearMe (2009, Sunnyvale (CA), $90M) – Provides offline payment services for online solutions. Backed by Khosla Ventures, Maveron, True Ventures, GSV Capital, Kapor Capital, Bullpen Capital, Floodgate, August Capital, Fenwick & West, Endeavour Partners.
TrialPay (2006, Mountain View, $56M, Acq.) – Enables merchants to offer free action based rewards to their customers. Acquired by VISA in February 2015 for an undisclosed amount.
Security
Signifyd (2011, Palo Alto, $106M) – An AI-based transaction monitoring solutions provider with chargeback guarantee. Backed by American Express, Andreessen Horowitz, IA Ventures, Bain Capital Ventures, QED Investors, TriplePoint Capital, Menlo Ventures, Data Collective, Tekton Ventures, Resolute Ventures, Allegis Capital, Lucas Venture Group, BYU Cougar Capital, Streamlined Ventures, Thinkplus, Allegis Capital
Kount (2007, Boise, $80M) – A SAAS based fraud prevention service provider for card-not-present transactions. Backed by CVC Capital Partners.
ThreatMetrix (2005, San Jose, $84M) – A payment fraud prevention service and context-based authentication solution provider. Backed by U.S Venture Partners, Silicon Valley Bank, Adams Street Partners, Tenaya Capital, August Capital, Technology Venture Partners, In-Q-Tel, Talu Ventures.
Ethoca (2005, Toronto, $45M) – A secure network for card issuers and merchants to connect and work outside the payment network. Backed by Spectrum Equity.
Enablers
Fidelity Information Services (1968, Jacksnville, IPO) – PCI Compliance, technology outsourcing and other payment security and back-end solutions for businesses and Financial Institutions. Went public in June 2001.
Trustwave (1995, Chicago, $60M, Acq.) – Provides cloud-based enterprise security solutions for threat detection, prevention & risk mitigation, including PCI compliance. Acquired by Singtel in September 2015 for $770M.
Clear2Pay (2001, Brussels, $125M, Acq.) – Provider of payment solutions to financial institutions. Also provides white label remittance services. Acquired by Fidelity Information Services in September 2014 for $493M.
B2B Payments
GlobalCollect (1994, Netherlands, Acq.) – An international B2B money transfer and payment gateway service provider. Acquired by Ingenico in September 2014 for $1.1B.
Viewpost (2012, Maitland, $79M) – e-Invoice exchange and electronic payment solutions provider. Backed by Western Technology Investment.
Payment Cards
Green Dot Corporation (1999, Monrovia (CA), IPO) – Reloadable prepaid card provider. Went public in 2010.
BlackHawk Network (2001, Pleas
Nubank Brasil (2013, Sao Paulo, $178M) – A MasterCard flagged credit card with mobile app. Backed by Sequoia Capital, Goldman Sachs, Founders Fund, QED Investors, Tiger Global Management, DST Global, Kaszek Ventures.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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