A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – PAYMENTS
- Brazilian digital financial services firm Nubank has raised $80M in a Series D round of funding. Link
- Stripe, a payment gateway API provider, secured $16M funding. Link
- EverCompliant, an Israel-based transaction laund
ering detection and prevention company, has raised $9.5M in a Series A round from Abor Ventures, Carmel Ventures, StarFarm Ventures and Nyca Partners. Link - VendHQ, a cloud-based PoS solutions provider from New Zealand, raised $9M (NZD13M) funding from Movac, Square Peg Capital, Jasmine Investments, and Aspiring Asset Management. Link
- 2C2P, a Singapore-based payment services provider, secured $8M Series D funding. Link
- Paystack, a Nigerian payment services provider, has secured a $1.3M seed investment round led by Tencent, Comcast Ventures, the venture arm of the US largest cable company and Singularity Investments. Link
- Cardlay, a front-end Card Management Platform and Cardholder application provider, is announcing the release of its white label solution for banks and a $4M funding round from private investors. Link
- Japanese payments app Kyash picks up $8.5M. Link
- Kalixa, a UK-based online payment services provider, was acquired by Singapore-based FinTech firm Senjo Group for $30M. Link
- Lloyds Banking Group is to pay £1.9B for the acquisition of credit card outfit MBNA from Bank of America. Link
- AmEx buys digital security outfit InAuth. Link
- Visa to acquire payment authentication company CardinalCommerce. Link
- PayPal has announced new collaborations with both Citi and FIS, while Mastercard and Visa have shared a mutual commitment to accelerate digital wallet adoption. Link
- Geoswift selects Thomson Reuters risk and compliance solutions. Link
- BNP Paribas has completed its first live cross-border B2B payments between corporate clients using blockchain technology. Link
- Hungary’s national bank to launch instant payments through mobile phone numbers. Link
- Wirecard and Cuscal have joined to allow Wirecard`s merchant acquiring services throughout Australia, with Cuscal being the acquiring BIN sponsor. Link
- Visa and Mastercard have struck a deal that lets each firm’s digital wallet service request the other’s tokenized payment credentials. Link
- Citi and PayPal have entered into a partnership wherein Citi cardmembers can use their Citi Cards with PayPal seamlessly. Link
- American Express has unveiled an “Add a Card” feature to its Amex bot for Messenger, allowing eligible US Consumer and Open card members to add their card and billing information for purchases on Facebook. Link
- Kount, an online payment fraud protection solutions provider, has launched Kount Central, a fraud protection suite for online PSPs. Link
- Mastercard and Verifone unveil installment based payments app. Link
- MasterCard is adding artificial intelligence as a core component of its network in an effort to provide better risk scoring across all transactions and cut the number of false declines. Link
SOME INTERESTING STARTUPS FOUND
Keyo (2015, Chicago) – A Point-of-Sale payment solutions provider, using palm scanning authentication technology.
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.
Clear2Pay (2001, Brussels, $127M, Acq.) – Provider of payment solutions to financial institutions. Also provides white label remittance services. Acquired by Fidelity Information Services in September 2014 for $493M.
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
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 solutions provider. Backed by General Atlantic, Index Ventures, Felicis Ventures, Temasek, Iconiq Capital.
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 association facilitating card payments. Went public in 2006.
Vocalink (2007, Rickmansworth, $114M, Acq.) – A UK-based ATM switching platform and interbank network. Aquired by MasterCard for £700M ($926M) in July 2016.
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, offering payment gateway, merchant accounts and wallet solutions. Acquired by eBay in July 2002 for $1.5B. Went public in July 2015.
Mozido (2008, Austin, $288M) – A white label web and mobile wallet solutions provider. Backed by TomorrowVentures, Wellington Management, Brentwood Associates, Atlanticus.
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
PayNearMe (2009, Sunnyvale (CA), $71M) – Provides offline payment services for online solutions. Backed by True Ventures, Kapor Capital, Fenwick & West, Endeavor Partners, Floodgate, Maveron, GSV Capital, August Capital, Khosla Ventures
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.
Technology
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, $92M) – A payment fraud prevention service and context-based authentication solution provider. Backed by US 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.
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.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest updates visit Payments feed.