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Clearbanc deepens push into e-commerce with inventory financing (BETAKIT)
Clearbanc has launched a new inventory program for small businesses.
Coinbase may lose 8% of staff over ban on office politicking (BNN BLOOMBERG)
Chief Executive Officer Brian Armstrong said in a blog post that about 5 per cent of Coinbase employees had accepted an exit package offered to staffers bothered by the policy, and that the number will probably grow.
Europe’s Nexi agrees to acquire SIA for almost $5.4 billion in stock (WALL STREET JOURNAL)
Italy’s Nexi SpA agreed to acquire crosstown FinTech rival SIA SpA for about €4.6 billion, equivalent to almost $5.4 billion, in a stock deal that creates a European giant in the fast-consolidating payments sector.
NEC snaps up Swiss digital banking solutions provider Avaloq in $2.2 billion deal (ZDNET)
The deal will open up the global digital payments market to NEC.
Inside Root’s IPO filing (TECHCRUNCH)
As insurtech booms, Root looks to take advantage of a warm market and enthusiastic investors.
Tipalti gains unicorn status following $150M Series E (CRUNCHBASE)
San Mateo-based Tipalti raised $150 million in a Series E round, giving the company a more than $2 billion valuation.
Affirm’s IPO announcement signals FinTech strength (FORBES)
The pandemic has proven a boon for consumer FinTechs, and San Francisco-based Affirm is no exception.
What today’s tech founders can learn from companies that survived the 2008 financial crisis (BETAKIT)
Wave CEO Kirk Simpson and Axonify CEO Carol Leaman share lessons learned from 2008 so today’s founders can fight back against #COVID19.
Innovation and investment in payments is heating up again — and it could spell trouble for Stripe (SIFTED)
Unglamorous as it may seem, payments is one of the hottest areas of FinTech investment.
U.S. explores curbs on Ant Group, Tencent payment systems (BLOOMBERG)
The Trump administration is exploring restrictions on billionaire Jack Ma’s Ant Group as well as Tencent Holdings Ltd. over concerns that their digital payment platforms threaten U.S. national security, according to people familiar with the matter.
Canada Emergency Wage Subsidy extended to June 2021, as CEBA small business loans expanded (BETAKIT)
The federal government of Canada announced a number of expansions for COVID-19 relief programs for business, including the official extension of the Canada Emergency Wage Subsidy (CEWS) and additional loans through the Canada Emergency Business Account (CEBA).
Chinese wealth management giant Lufax files for U.S. IPO (CNBC)
Chinese technology companies have been looking to take advantage of a rebound in stock markets to go public, including on Wall Street, despite the geopolitical tensions between the U.S. and China.