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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.
Alibaba is picking up 33% of Ant Financial, its FinTech affiliate that’s valued at over $60B (TECHCRUNCH)
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.
U.S. banks’ Venmo alternative, Zelle, moved $75B last year, says 100,000 people enroll daily(TECHCRUNCH)
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.