Finix, a startup that provides payments-related services to other companies, announced it has extended its Series B financing with a $30 million investment led by Lightspeed Venture Partners and American Express Ventures. The fintech startup has now raised over $96 million in venture capital. According to CEO and co-founder Richie Serna, $90 million of that…
A massive database storing millions of credit card transactions has been secured after spending close to three weeks exposed publicly to the internet. The database belongs to Paay, a card payments processor based in New York. Like other payment processors, the company verifies payments on behalf of selling merchants, like online stores and other businesses,…
Almost a third of renters were unable to make payments in April with calls for a federal pause on real estate liabilities, including rent and mortgage payments. Even if mortgage and rent payments are frozen, the ripple effects of missed payments will be long felt. The developing housing crisis draws eerily similarity to 2008’s financial…
Vijay Shekhar Sharma, founder and chief executive of India’s most valuable startup, Paytm, posed an existential question in a recent press conference. “What do you think of the commercial model for digital mobile payments. How do we make money?” Sharma asked Nandan Nilekani, one of the key architects of the Universal Payments Infrastructure that created…
Visa has entered a partnership with Nigeria based startup Paga on payments and technology. Founded in Lagos, Paga scaled its fintech business in West Africa, before targeting expansion in Ethiopia and Mexico. The startup has created a multi-channel network for over 14 million customers in Nigeria to transfer money, pay-bills and buy things digitally through…
Reed Smith successfully represented DBS, Southeast Asia’s largest bank, in structuring and closing a strategic business partnership with Google. The arrangement will…
