New York Community Bank, one of the leading US banks for multi-family loans and rent-regulated apartment buildings in New York City, announced the creation of a blockchain-based digital marker which will allow real-time secondary trading of its stocks, according to a press release.
Commercetools, a German-based e-commerce API tool provider, announced raising a $140 million (€119 million) Series C led by Accel, according to a press release. The company says it will use the funding to continue organic expansion in North America, Europe and the Asia-Pacific through product development and sales. It also plans to make strategic acquisitions […]
Marqeta, a global card issuing platform that enables clients to build configurable payment experiences, announced partnering with Zip (formerly Quadpay), a point-of-sales (PoS) credit and digital payment service provider to offer BNPL services in Australia.
Vouch, a San Francisco-based company offering all-digital B2B insurance services to startups, announced raising a $60 million Series C co-led by SVB Capital and Ribbit Capital, and a previously unannounced $30 million Series B1 led by Redpoint Ventures, according to a press release.
Amazon has set up a dedicated taskforce with the intention of planning a point-of-sales (PoS) solution that can compete against e-commerce industry leaders Shopify and PayPal, according to internal Amazon documents released by Business Insider. The new PoS system, titled “Project Santos”, will be available to third-party sellers, be able to handle both online and […]
Scalapay, a BNPL start-up targeting Southern Europe, announced raising Europe’s largest equity funding round with a $155 million Series A led by Tiger Global, according to a press release.
Just over a year after Varo Bank was granted a bank charter, the mobile banking startup announced Thursday it had raised $510 million in an oversubscribed funding round led by Lone Pine Capital. The massive Series E included dozens of new additional investors including Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners / Stockbridge, and funds […]
Marshmallow, a London-based digital insurance provider, announced raising an $85 million Series B from existing investors and a $1.25 billion valuation, according to a company blog post. The company says it will use the funding to develop and introduce new products aimed at younger consumers, to move towards expansion outside the UK and to continue […]
PayPal’s purchase highlights a rush from the largest worldwide payments providers, PayPal included, to find a way into the BNPL space. The global BNPL market is expected to hit $3.9 trillion by 2030, according to Allied Market Research, expected to register a CAGR of 45.7% between 2021 and 2030.
Revolut, the ‘super app’ provider and most valuable digital banking startup in the UK, is attempting to bolster its US offerings with a new remittance service and challenge Klarna with a future BNPL service, according to reports by Forbes and the Evening Standard.
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