Remove 2011 Remove Capital Remove Operations
article thumbnail

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. The Berlin-based firm said it plans to use the money to speed up its expansion and “deepen its footprint” in the 50 countries where it currently operates, with a special focus on the United States, Japan and Brazil.

article thumbnail

nCino Ups Its IPO To As Much As $253M

PYMNTS

The nCino Bank operating system is a single, multi-tenant cloud platform that digitizes client onboarding, loan origination and deposit account opening across commercial, small business and retail lines of business. Founded in 2011, the company reported $153 million in revenues for the 12 months that ended on April 30. million, or 74.7

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

TransferWise Seeks To Raise Up To $300M

PYMNTS

TransferWise was started in 2011 by two Estonians: Taavet Hinrikus and Kristo Kaarmann. Investors in that round included Old Mutual Global Investors and IVP, a venture capital firm. TransferWise showed an operating profit of 9.5 Goldman Sachs Group is reportedly handling the fundraising round.

Fintech 168
article thumbnail

Goldman Leads Trulioo’s $70M Raise To Expand Global Digital ID

PYMNTS

The remaining $10 million came as unannounced follow-on financing from early investors, including BDC Capital and Blumberg Capital. Total funding to date since 2011 came to $96.6

article thumbnail

Groupon Gets New Activist Investor

PYMNTS

Merage and his company, MIG Capital , based in Newport Beach, California, disclosed the 5 percent stake in the eCommerce company, the reason for which was that the stock was “undervalued, and represented an attractive investment opportunity,” he said. He is also seeking a seat on Groupon’s board. Groupon shares closed at $2.375 on Monday, 1.3

Capital 130
article thumbnail

PayPal Reorgs In Asia, Closes Malaysia Office

PYMNTS

The office, which was located in the country’s capital city of Kuala Lumpur, catered to users of the service all across Asia. We have made the difficult decision to close PayPal’s Operations Centre in Malaysia by the end of this year,” the company said in a statement. “We

article thumbnail

Mobile Payment Platform ShopKeep Closes $65 Million In Funding

PYMNTS

Tribeca Venture Partners , which led the company’s Series A round in 2011, led the financing. The debt financing piece of the round was provided by ORIX Growth Capital and Square 1 Bank, which is a division of Pacific Western Bank.

Mobile 125