Новости за 27.04.2021

Beijing is launching an intensifying crackdown over how tech billionaire Jack Ma originally won approval for an initial public offering (IPO) in China, The Wall Street Journal reported on Tuesday (April 27), citing sources. Chinese regulators are investigating state officials regarding how Ma got fast approvals last year for Ant Group’s proposed dual listing in Shanghai […]

In today’s top payments news around the world, Kry raised $300 million in a funding round that values the telehealth platform at $2 billion, while Icelandair has collaborated with Cover Genius to provide an embedded “Covid Plus” cover. Plus, Alibaba has strengthened its ties to Trendyol with a $350 million investment. Swedish MedTech Startup Kry […]

The Federal Trade Commission (FTC) is asking Congress to restore its authority to return funds to victims of fraud and other illegal activity, according to a Tuesday (April 27) press release. Testifying before the House Energy and Commerce Subcommittee on Consumer Protection and Commerce, acting FTC Chair Rebecca Kelly Slaughter said that recently introduced legislation […]

Family-centric FinTech Greenlight Financial Technology, Inc. has raised $260 million in a Series D funding round, valuing the startup at $2.3 billion, according to a Tuesday (April 27) press release. Greenlight will use the funding to expand its product development and distribution. Greenlight offers a money management platform, which includes include a debit card and educational […]

Private equity firm Thoma Bravo is acquiring cybersecurity and compliance startup Proofpoint in an all-cash $12.3 billion deal. Gary Steele, chairman and CEO of Proofpoint, said in a press release on Monday (April 26) that the acquisition by Thoma Bravo “underscores our important role” in the prevention of online hacks and the response to threats […]

Snap has bought up Pixel8earth, a company working on 3D mapping technology, for $7.6 million in a deal that took place last quarter, TechCrunch reported. The transaction took place at the same time as the $124 million deal Snap undertook to buy Fit Analytics, according to the report. Pixel8earth is based in Boulder, Colorado, and […]

Enterprise Financial Services (EFSC), the holding company of Enterprise Bank & Trust (EB&T), and First Choice Bancorp (FCBP), the holding company of First Choice Bank, are working together on a definitive merger agreement in which EFSC will acquire FCBP in an all-stock merger, according to a press release. The agreement will see FCBP merging with […]

Citigroup will expand its commercial banking operations for Europe, the Middle East and Africa (EMEA), a press release said Monday (April 26). The operations will take on local banks serving midsize companies, as part of a broader initiative to capitalize on its global presence, the release said. The U.S.-based bank plans to hire 25 staff […]

Today in B2B payments, ForwardAI discusses the value of faster, more secure small business lending, and Battery Ventures focuses on SaaS FinTech investment. Plus, Xsolla discusses video game developers' influencer payout challenges, Allica Bank launches direct-to-SMB banking, and Mastercard collaborates on another SMB card product. SMBs Lead An Effort For Faster, Safer Loan Underwriting Today […]

Global product experience platform provider Contentserv will integrate with OroCommerce, which is a comprehensive enterprise-grade open source B2B eCommerce platform intended for midmarket and large commercial businesses, a press release said on Monday (April 26). Contentserv has rolled out a new OroCommerce connector. This connector will let B2B merchants create frictionless, end-to-end processes for product […]

Lyft is selling its self-driving division, Level 5, to Woven Planet Holdings, according to a press release. The deal is expected to close in the third quarter of this year. Woven Planet is a subsidiary of Toyota, and the transaction will also come with multi-year, non-exclusive commercial agreements with Lyft and Woven Planet to boost […]

Tesla reported that quarter-end cash and cash equivalents fell to $17.1 billion in the first quarter of 2021, fueled partly by a net cash outflow of $1.2 billion in bitcoin purchases, according to an investor presentation. However, Tesla also reported $272 million in “proceeds from sales of digital assets,” according to financial statements included in […]

In today’s top news in digital-first banking, Michigan’s Flagstar Bancorp and New York Community Bancorp (NYCB) have inked a merger deal, while Brazil’s Nubank is said to be in talks to go public. Plus, J.P. Morgan Chase is reportedly making an actively managed bitcoin fund for well-heeled clients. Flagstar, New York Community Bancorp to Merge […]

National drugstore chain Walgreens has updated its app for iOS for iPhones and iPads that facilitates order pickup and streamlines payment with Apple Pay. The Walgreens app also added same-day delivery and in-store pickup via Apple Pay or Apple Card. Walgreens customers using the Apple Pay option through the app also get 3 percent cash […]

Personal loan provider OneMain Financial is acquiring Trim, a financial wellness FinTech, according to a press release. The acquisition will allow OneMain to help its 2.2 million customers improve their finances and financial futures by integrating Trim’s customer spending tracking platform, the release stated. “Trim helps customers manage their financial goals by negotiating bills, analyzing […]

OnDeck Capital, the small to medium-sized business (SMB) digital lender, is reportedly gearing up for its first bond sale after installment loan issuer Enova International Inc. purchased the firm in 2020, The Washington Post reported on Monday (April 26). Unnamed sources in the Washington Post’s article indicated that the company is looking to sell asset-backed […]

“The current economics of shipping groceries straight to customers’ doors is a challenge — and keeping fulfillment and shipping costs down for sellers and customers is necessary for a grocer to grow,” Adrien Nussenbaum, U.S. CEO and co-founder of Mirakl, told PYMNTS in a recent interview. He added that, given the “the fluid nature of grocery […]