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Drop used its hefty Series A to bring Canadian Valley talent back home, as the company looks to dominate millennial loyalty.
The deal, which both parties said stems from an agreement made in 2014, will see Alibaba pick up newly issued shares in Ant, seemingly paving the way for a public listing.
The four-month program is open to six companies.
Dutch FinTech Adyen will become eBay’s primary payments processor as the online marketplace looks to move its payments intermediary service in-house.
The company also painted a picture of growing traction, noting it processed over 247 million payments in 2017, an increase of over 45 percent year-over-year, totalling $75 billion in peer-to-peer payments.
SpherePay, a mobile payment app, has not disclosed the names of investors.
The funding was led by iNovia Capital.
Industry experts are calling the move a last-ditch effort to make money, while the CEO says the company’s blockchain ambitions will solve a real problem.
Ethereum Capital will acquire Ether and make strategic acquisitions of controlling stakes in Ethereum-based businesses.
Coconut’s app-based current account features automated tax management and expense tools, giving customers visibility into how much tax they owe with a real-time estimate.