USA
Goldman Sachs to Acquire GreenSky, Led Form3’s US$160 Million Series C
Goldman Sachs Group has signed a deal to acquire GreenSky, a fintech platform for home improvement consumer loan originations, in an all-stock transaction valued at approximately US$2.24 billion. GreenSky’s differentiated lending capabilities and market-leading merchant and consumer ecosystem will help
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Payroll Platform Papaya Global Raises US$250 Million at US$3.7 Billion Valuation
Papaya Global, a New York-based workforce management platform transforming global employment, announced that it has raised US$250 million in Series D funding, bringing the company’s valuation to US$3.7 billion. Papaya’s valuation has increased tenfold since September 2020 with a total
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US Crypto Custody Firm Fireblocks Sets up Swiss Office for DACH Expansion Plans
Fireblocks, a US-based platform that allows financial institutions to store, move and issue cryptocurrencies, announced that it will be opening of a new office headquartered in Switzerland. The firm said that it will be dedicating significant resources toward expanding its
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MoneyLion to Offer Crypto Investment Ahead of SPAC Merger
US-based neobank MoneyLion announced the launch of its new cryptocurrency capabilities, enabling customers to buy and sell digital currencies within its app. MoneyLion said that eligible customers will initially be able to buy and sell Bitcoin and Ethereum, as well
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Global Payments Signs Deal to Acquire MineralTree for US$500 Million
Global Payments, a worldwide provider of payment technology and software solutions, announced an agreement to purchase MineralTree, a provider of accounts payable automation and business-to-business (B2B) payments solutions, for US$500 million in cash. The company will make the acquisition from
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How Jacksonville, FL, Prevails as an Emerging Fintech Powerhouse
Many cities on the West Coast of the United States burgeoned into innovation centers during the dot-com bubble. Tech hubs like California’s Silicon Valley and Washington’s Greater Seattle region are home to some of the biggest tech companies in the
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Neobank Varo Raises US$510 Million, Now Valued at US$2.5 Billion
US-based Neobank Varo Bank announced that it closed a US$510 million oversubscribed Series E funding round, valuing it at US$2.5 billion. The round was led by new investor Lone Pine Capital, who was joined by dozens of additional new investors
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Mastercard Bets on Crypto, Buys CipherTrace for Undisclosed Sum
Mastercard has signed a deal to acquire CipherTrace, a US-based cryptocurrency intelligence company, for an undisclosed sum to extend its capabilities deep into the field of digital assets. The deal is anticipated to close before the end of the year.
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Mastercard Inks Deal to Acquire Danish Open Banking Firm Aiia
Mastercard is set to acquire Aiia, a Danish open banking technology provider, for an undisclosed sum and the transaction is anticipated to close by year’s end. Aiia is a licensed Payment Initiation Service Provider (PISP) and Account Information Service Provider
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Databricks Secures US$1.6 Billion in Series H Fundraise at US$38 Billion Valuation
Databricks, a US-based enterprise software company, announced that it has raised US$1.6 billion during a Series H funding round at a US$38 billion valuation. This new round brings Databricks’ total funding to almost US$3.6 billion, and will be used to
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