Author: Lucas Peterson
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FinTech Startup Pomelo Receives $70 Million In Seed Funding!
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San Francisco-based Pomelo receives $20 million in venture capital and a $50 million credit facility in a round led by Founders Fund and A* Capital, with participation from Afore Capital, The Chainsmokers, and The Weeknd, among others. Pomelo’s platform combines consumer loans and money transfers with no transfer fees. In…
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New Details About The Failed FinTech Of The Nephews Of German Chancellor Scholz!
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At the beginning of July, the Hamburg fintech Rubarb had surprisingly filed for insolvency. Behind the company are Fabian Scholz and Jakob Scholz, the nephews of German Chancellor Olaf Scholz. In the past, the two founders had repeatedly used their relationship with the SPD politician for marketing purposes.
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This Is How Much Money Is Said To Have Flowed For The Penta Takeover!
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The purchase price paid by French startup Qonto for fintech Penta has not been officially disclosed. However, the financial portals Finance Forward, and Finanz-Szene has researched that the purchase price is said to have been around 200 million euros. The media refer thereby to documents from the French trade register.
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eToro Acquires Fintech Startup Gatsby, For $50 million!
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Israeli online investment platform eToro is set to complete its acquisition of fintech startup Gatsby, following approval from the U.S. Financial Industry Regulatory Authority (FINRA). This was reported by the tech news portal TechCrunch. According to the report, the deal is worth $50 million in cash and common stock.
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Funding Circle Co-Founder Unveils New fintech Super Payments With $27M Investment!
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Samir Desai (pictured above), the co-founder of Funding Circle, has unveiled Super Payments, a fintech startup he founded back in February but very little was known about until now. The startup successfully raised £22.5 million (about $27 million) in a funding round led by Accel, with participation from Union Square…
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South Korean Fintech FOMO Pay Raises $13 Million To Develop CBDC projects!
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Singapore-based fintech company FOMO Pay (website) announced that it had received $13 million in funding in its Series A round led by Jump Crypto. Other participating investors include HashKey Capital, Antalpha Ventures, Ab Initio Capital and Republic Capital. Founded in 2015, FOMO Pay Pte Ltd is a major payment institution…
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Remitly To Acquire Israeli Rewire For $80 million!
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Nasdaq-listed Remitly Global Inc. has signed a definitive agreement to acquire Rewire, an Israel-based remittance platform for migrant workers, for $80 million in cash and stock. The transaction is expected to close in the second half of 2022, subject to approval by Israeli and Dutch authorities. Rewire was founded in…
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AtoB Raises $155 Million To Build The Stripe Of Transportation
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U.S.-based fintech company AtoB has received US$155 million in Series B funding to fix the trucking industry’s broken payment system. AtoB, a San Francisco-based fintech company seeking to improve the trucking industry’s broken payments system, has received $155 million in Series B funding.
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FinTech Qenta Acquires Crypto Company Noble Money!
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Financial insurance platform Qenta (website) has acquired digital currency company Noble Money, Inc. for an undisclosed amount, the FinTech said in a press release. Noble Money is working to scale digital currencies, starting with government adoption. The company is backed by investors that include 8 VC, Tribe Capital, Social Capital,…
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iGaming Pioneer Softswiss Partners With Leading Paytech Praxis Tech!
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The Cyprus-based paytech Praxis Tech announced a partnership with the igaming software giant, Softswiss, which provides its clients a full-service infrastructure, including payment processing. As an omnichannel gateway provider, Praxis Tech offers Softswiss and its more than 300 clients a vast portfolio of PSPs and cashier opportunities. The partnership enables…