Fiserv, Capital One, others invest $150M in Melio
Payments Dive
NOVEMBER 4, 2024
Some of the corporate investors are also partnering with the accounts payable and receivable company they’re backing.
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Payments Dive
NOVEMBER 4, 2024
Some of the corporate investors are also partnering with the accounts payable and receivable company they’re backing.
PYMNTS
DECEMBER 18, 2020
This week showed investor interest in B2B FinTech companies in international markets, as a trade finance platform in India and a human resources (HR)/payroll cloud software firm in the U.K. The fundraising was headed up by Advent International via Advent Tech and Sunley House Capital, an Advent affiliate. landed funding rounds.
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Bank Innovation
MAY 4, 2017
The division of the company responsible for providing loans to small businesses and Square sellers across its global network, Square Capital, processed more than 400,000 business loans for the quarter, for a total of $251 million. The lending business appears to be treating Square well. This is up 64% from last year.
PYMNTS
JULY 23, 2020
Citi has launched a new mobile app for its Citi Supplier Finance platform in Latin America to help suppliers get more working capital, according to Finextra. The new Citi Supplier Finance app will add to the arsenal for the companies looking for electronic onboarding services, Finextra reported.
PYMNTS
JULY 7, 2020
To form a direct-to-consumer (DTC) online commerce strategy, Kidd & Company, LLC and T-street Capital, LLC have joined forces by creating a holding company focused on buying companies called Brand Holdings, LLC. The firms unveiled their first purchase, Dr. Emil Nutrition, in a Tuesday (July 7) announcement.
PYMNTS
AUGUST 31, 2020
Dignari Capital has agreed to provide $50 million to Sheng Ye (SY) Capital in a strategic collaboration to explore new supply chain finance options for small- to medium-sized businesses (SMBs), according to a press release. Tung Chi Fung , chairman of SY Capital, said there are already plans in the works.
Payments Dive
JUNE 10, 2024
The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.
Accenture
SEPTEMBER 23, 2020
The COVID-19 pandemic has had a significant impact on the banking and capital markets (B&CM) industry as liquidity, rates and fees continue to be stressed and regulatory and business-driven demands evolve rapidly. The post COVID-19’s impact on banking and capital markets appeared first on Accenture Banking Blog.
Gonzobanker
SEPTEMBER 26, 2024
In today’s evolving financial world, bank leaders should look to intellectual capital to create shareholder value. And when these finance brothers and sisters think about a bank’s franchise value, they immediately reference equity capital. trillion of capital today. According to the FDIC, the banking industry has roughly $2.5
South State Correspondent
NOVEMBER 15, 2022
the As interest rates go back up and volatility continues to remain high, banks’ cost of capital has undergone a significant shift up. Your cost of capital is essential to know for several reasons. Produce over your cost, and you will be able to attract more capital. Why Calculate Your Cost of Capital?
PYMNTS
SEPTEMBER 22, 2020
As the crisis pushed online grocery into exponential growth during the crisis, CPG companies are finally starting to sell and advertise online. However, the trend is separate from CPG companies going direct to consumer (D2C). Many CPG companies like Pepsi and Heinz have launched limited but innovative D2C programs.
PYMNTS
AUGUST 14, 2020
Initialized Capital Management has notched $230 million for Initialized V , the California venture firm’s fifth fund, which is geared toward backing early-stage companies, Bloomberg reported. Initialized Capital Management Co-Founder Garry Tan told Bloomberg, “We love finding tomorrow’s unicorns.”. million in a Series A round.
PYMNTS
JULY 31, 2019
Krebs On Security is reporting that the alleged Capital One hacker may have also targeted and stolen data from other corporations. Among the companies listed are software company Apperian, Ford, Global Garner, Identiphy, UniCredit and Infoblox. The website reached out to many of the companies, and it heard back from Infoblox.
PYMNTS
JANUARY 29, 2018
Small and medium-sized business (SMB) lending company Breakout Capital is expanding its product line, according to company reports on Friday (Jan. Breakout Capital explained that the tool allows factoring firms to use its platform to reach borrowers.
PYMNTS
OCTOBER 4, 2020
Jacqueline Reses , head of Square 's Square Capital unit, is stepping down as of Oct. Square didn't provide a reason for the departure in a brief statement, only saying that Reses “has worked at Square for five years and provided significant contributions to the company.”. The average loan, according to the company, was for $11,000.
PYMNTS
APRIL 10, 2020
After having notched more than $110 million in equity funding in the past, India’s Capital Float has received a top-off of $4.8 Sashank Rishyasringa and Gaurav Hinduja rolled out Capital Float in 2013. The company assists small and medium-sized enterprises (SMEs) with growth through lending. million from current investors.
PYMNTS
MARCH 6, 2020
A lull in venture capital funding has only a few B2B FinTechs this week securing new investment rounds. Just this week, RTP Global announced a a fund, with the venture capital firm planning to deploy that cash for early-stage technology companies in areas like FinTech and Software-as-a-Service (SaaS).
Bank Innovation
DECEMBER 11, 2019
Venture capital firm Inspired Capital, which is led by LearnVest founder Alexa von Tobel, is making a bet on business banking startup Rho. The company this week rolled out team accounts, or a series of sub-accounts that link to […].
PYMNTS
AUGUST 2, 2020
Corsair Capital has agreed to acquire B2B credit and payments provider MSTS , purchasing the company from World Fuel Services Corp. ” In addition, MSTS president Brandon Spear will continue in his leadership role and said in the release that he looks forward to working with Corsair Capital. .”
Bank Innovation
NOVEMBER 4, 2016
Square reported its third quarter 2016 earnings this week, and it’s not a particular surprise that the company exceeded all expectations: for the third consecutive quarter Square surpassed its expected metrics with a GPV of $13.2 billion, up 39% year over year. As was the case last quarter, CEO Jack Dorsey attributed Read More.
PYMNTS
NOVEMBER 10, 2020
Businesses of all sizes struggle with capital management, regardless of whether they employ staff or seek out third parties to handle their cash flows, accounts payable (AP) and accounts receivable (AR) processes and other related tasks. Factors Affecting Working Capital Needs. Having too much cash on hand is a mixed blessing, however.
CB Insights
OCTOBER 29, 2020
Capital markets infrastructure powers the trade of stocks, bonds, and other securities, handling $3000T+ in transactions each year. Company Name. A number of official bodies representing major economies, including the EU and China, have launched pilot schemes to assess the use of DLT in capital markets. Phone number.
PYMNTS
DECEMBER 6, 2020
Procurement Partners , which works on procure-to-pay (P2P) services for healthcare providers, has received an investment from Serent Capital , according to a press release. Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending.
PYMNTS
FEBRUARY 28, 2020
Capital One is going to increase its focus on digitization and close 37 branches around the U.S., The company has made its intentions known by filing applications with the Office of the Comptroller of the Currency. Our customers are increasingly engaging with us digitally,” said Capital One spokesman Derek Conrad.
Bank Innovation
DECEMBER 30, 2019
For Personal Capital, the path to scale is go broad. The company this month hit a milestone of $12 billion in assets under management, which it sees as evidence its digital and human approach is yielding results.
Bank Innovation
APRIL 11, 2018
Enterprise blockchain provider Ripple has made a $25 million investment in blockchain startup, Blockchain Capital, the company announced today. The growth of Blockchain Capital’s fund, which is now hovering at $150 million, will help support entrepreneurs and startups in the space.
PYMNTS
SEPTEMBER 3, 2020
To assist in creating a blueprint for businesses aiming to expand, Hitachi Capital Business Finance has rolled out its inaugural “Smart Business Planning” initiative that follows its ongoing pledge to help those who own small- to medium-sized businesses (SMBs), Process and Control Today reported.
Bank Innovation
FEBRUARY 4, 2020
based small business finance provider Liberis has teamed up with FIS-owned payments company Worldpay to offer cash advance products to small businesses in the U.S., the companies confirmed late last month.
PYMNTS
MARCH 9, 2020
In an unusual move for a venture capital firm, Sequoia Capital has parted ways with a company over a conflict of interest, and in doing so, has given up $21 million, according to a report. The firm separated from Finix, a payments infrastructure company, Finix told its employees on Monday morning.
CB Insights
JULY 8, 2021
The round drew participation from Bain Capital, Seedcamp, Stripes Group, Thrive Capital, Creandum, and Kinnevik. How’s the company performing? Over the course of 2020, the company’s client base has doubled to 17,000 small and medium enterprises and includes IBDO, Lyst, Byron, and IDC, among others.
PYMNTS
SEPTEMBER 15, 2020
Social Capital Hedosophia is looking to raise $500 million for a new blank check company, Bloomberg writes. The vehicle is a partnership between veteran investors Chamath Palihapitiya and Ian Osborne , who have created three special-purpose acquisition companies (SPACs) in the past.
PYMNTS
JANUARY 12, 2021
Porter Capital , which works with accounts receivable (AR) financing and asset-based lending solutions, will provide more funding for businesses in need of extra money from their current Paycheck Protection Program (PPP) funds, according to a press release.
PYMNTS
DECEMBER 21, 2020
Like many venture capital companies in the payments space, Serent Capital has had a busy year. The first was the investment in early December of procure-to-pay healthcare payments company Procurement Partners. 15 with the announcement of the launch of its fourth fund, Serent Capital IV — at $750 million.
PYMNTS
JUNE 14, 2020
Three merchant cash advance companies are facing a lawsuit from New York Attorney General Letitia James over reportedly practicing illicit measures when loaning money to clients, according to a press release. The three companies charged are Richmond Capital Group, Ram Capital Funding and Viceroy Capital Funding.
PYMNTS
JANUARY 11, 2021
Capital One has signed on to join Fiserv ’s surcharge-free MoneyPass ATM network. Under the deal , MoneyPass will be made available at over 1,500 Capital One ATMs at Capital One branches, Capital One Cafés and other select locations. Despite the pandemic, Fiserv has been very busy over the last two months.
PYMNTS
MARCH 6, 2020
Quona Capital, a venture capital firm based in Washington and Bengaluru, has closed its second fund with $203 million in commitments, according to a report by Deal Street Asia. Its LPs include commercial and investment banks, family offices, insurance companies, university endowments and others.
PYMNTS
JUNE 16, 2020
Will so-called “zombie companies” soon do the same to parts of the U.S. Zombie companies are those that remain in business but are so deeply in debt that they’ll never catch up. All of those billions of dollars for fresh capital will mean that zombie companies can keep funding operations for now. In an age where U.S.
PYMNTS
NOVEMBER 8, 2018
PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts. ” German SMBs can apply for the working capital from PayPal online via their existing PayPal accounts. and Australia.
Cisco
AUGUST 23, 2022
Since preserving capital will remain a top priority, decision makers will need to look for options that allow them to maintain or increase IT capabilities while keeping monthly spending to a minimum. Cisco Capital and Cisco Refresh , which offer global payment and lifecycle management solutions, were created to enable customers and partners.
BankUnderground
JUNE 8, 2022
There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Incorporating climate-related risks into the capital regime will require a reliable methodology to measure these risks. Marco Bardoscia, Benjamin Guin and Misa Tanaka.
PYMNTS
MAY 20, 2020
To help real estate investors contend with the increasingly complicated accounting and compliance work particular to real estate, Avignon Capital , a European firm, has rolled out a new in-house corporate accounting offering. Comer will spearhead the initiative.
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