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Swedish Payment Company iZettle Raises $47 Million in Funding

Bank Innovation

The round was led by venture capital firm Dawn and The Fourth Swedish National Pension Fund. Established in 2011, iZettle enables small business merchants across Europe and Latin America to accept card payments. Swedish payment company iZettle today announced it raised €40 million ($47.05 million) in funding to accelerate growth.

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Mambu’s Valuation Hits $2 Billion After TCV-Led Investment Round 

PYMNTS

Current investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners also took part. When Mambu launched in 2011, we knew the future of banking would have to be built on agile and flexible technology,” Eugene Danilkis , co-founder and CEO of Mambu, said in a press release.

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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S.

Capital 150
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How to prepare for Basel III

Abrigo

Following the recent financial crisis, the Basel Committee of Banking Supervision (BCBS) set out to “strengthen global capital and liquidity rules with the goal of promoting a more resilient banking sector.” The three pillars include maintaining minimum capital requirements, a supervisory review process and market discipline.

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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

The company was founded in 2011 and has worked to capitalize on banks' reduced focus on lending after the late 2000s financial crisis, working on refinancing student loans early on and has since also worked on mortgages and personal loans, according to Reuters. SoFi was valued at $4.8

Report 269
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Mobile Banking Firm Chime Gets $14.5B Valuation With New Funding

PYMNTS

percent through Q3 2019 and was on pace to be the second-best year following 2011, according to a January report. The index measures startups with a value in excess of half a billion that are venture capital-backed. The Prime Unicorn Index increased 58.4

Mobile 264
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Wells Fargo Invests In DadeSystems With Series D Round

PYMNTS

Florida-based receivables FinTech DadeSystems has announced additional funding by Wells Fargo Strategic Capital as part of a Series D round. “ Wells Fargo Strategic Capital is one of the leaders in providing capital to growing FinTech companies,” said Bill Zayas, president and CEO of DadeSystems.

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