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Flexiti’s transaction is financed by $350 million in credit facilities led by Credit Suisse AG, Cayman Islands Branch, and a syndicate of mezzanine lenders.
Alibaba’s Ant Financial FinTech affiliate raises $14 billion to continue its global expansion
Ant Financial said that the money will go towards extending its global expansion (and deepening its presence in non-China markets it has already entered), developing technology, and hiring.
Shaping the new FinTech frontier (MASHABLE)
“Thanks to the emerging hybrid industry of FinTech — which blends startup agility with the robust resources of traditional banking institutions — the future of personal finance is not only high-tech, but also highly collaborative and customizable.”
Planswell also raised $6.8 million from its seed round in January 2018.
Idinvest and Allianz are leading the round, with participation from CIR SpA, Partech, CNP Assurances, Decaux Frères Investissements, and Matmut.
Stocard will use the funds to launch a mobile payment functionality, recruit 40 employees across engineering, sales and marketing, and expand to new markets starting with the launch of its Paris office.
Marqeta raised $45M led by Iconiq for payment card processing technology, reportedly at a $545M valuation (TECHCRUNCH)
Marqeta works with businesses for payment-card related services, including instant card-based payments and issuing their own branded credit cards.
The University of Waterloo is the only Canadian university participating in the initiative.
Adyen aims for a $1B IPO, valuing the payments startup at up to $8.3B when it lists on June 13 (TECHCRUNCH)
The Netherlands-based payments startup — which competes against the likes of PayPal and Stripe to power payment services both to online and physical retailers — said that it will be raising between approximately $1 billion and $1.1 billion.
The round was led by Ubon Partners.
The credit card processing company also launched a fast-track program for partnerships with FinTech ventures.
To help companies that want to jump into the AI revolution — but are perhaps unsure where to actually start — the team at Mastercard is hoping to offer up a solution in the form of AI Express.