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Kik has officially filed its response to the U.S. Securities and Exchange Commission (SEC) lawsuit filed against the Kitchener-based company in June.
Existing investors Fullerton Financial Holdings, Bertelsmann India Investments and India Quotient funded the round. The five-year-old, Bangalore-based startup has raised $143 million to date.
Alex Benay, the Government of Canada’s chief information officer (CIO), has announced he is leaving his post to join Ottawa-based startup Mindbridge.
Mastercard Inc. agreed to buy a payments platform owned by Denmark-based Nets for 2.85 billion euros ($3.19 billion), using its biggest-ever acquisition to help extend a push into faster payments.
The Freedom Card would give SMEs and startups the freedom to avail credit facility for immediate needs and to manage their liquidity.
ScaleFactor’s online financial SaaS platform is focused on building a back office for SMBs (small-to-medium sized business).
Swedish payments provider Klarna has announced a new round of equity funding, adding $460 million at a post-money valuation of $5.5 billion, which makes it one of the most highly valued private FinTech companies in the world.
Podcast-payment startup Glow raises $2.3 million from Greycroft, Nas, Jeffrey Katzenberg’s WndrCo and others(VARIETY)
Glow Technologies, a startup whose platform lets podcast creators set up payment options for fans to fund their shows, has raised $2.3 million in seed financing.
Gurugram-based FinTech startup Indifi Technologies Pvt. Ltd has raised $21 million (Rs 145 crore) in a fresh round of funding led by the UK government-owned development finance institution CDC Group Plc.
Penta, the business banking provider for small and medium-sized enterprises (SMEs) that was recently acquired by FinTech company builder Finleap, has raised “over” €8 million in new funding.