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1619

Roman Abramovich Leads Investment in Israel’s iAngels

GLOBES: iAngels has developed a model for investment of small amounts in start-ups, based on experienced investors. Russian billionaire and Chelsea FC owner Roman Abramovich continues to invest in Israeli start-ups: through Millhouse Capital, his investment company, he has led a $2.25 million investment in iAngels, a company started by entrepreneurs Mor Assia and Shelly Hod-Moyal. They founded iAngels in early 2014, and developed a model for investment of small amounts in startups, based on experienced investors. The company raised several hundred thousand dollars in the past, with the new investment making a total of $2.6 million raised by the company to date.

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Crowdfunding/investing, Deals, Fintech news, news

March 24, 2015

1567

Lendio Raises $20 Million in New Funding to Help Finance Small Businesses

FINOVATE: Runa Capital has announced its participation in a $20.5M funding round of the American SME-lending platform Lednio. The round included participation by some large VCs, namely, Napier Park Financial Partners and Blumberg Capital. Lendio plans to use the capital to develop its SME-lending product, marketing and to expand its partnership program. According to the company’s representatives, it’s the third venture round for Lendio. The company has raised a total of $31M since 2011. Runa Capital joined the pool of its investors in 2013.

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Deals, Fintech news, news, p2p/online lending

March 24, 2015

3659

Skrill Bought by Rival Payments Provider Neteller for €1.1 Billion

FOREXMAGNATES:  Optimal Payments Plc (LSE: OPAY), the group behind the popular NETELLER payment solution, has just revealed it would buy rival Skrill Group (Sentinel Topco Ltd) for a sum of about 1.1 billion euros in order to expand its online services.  Skrill is one of the largest online pre-paid cards providers in Europe with its paysafecard brand. Its shareholders include CVC Capital’s Sentinel Group Holdings SA, Investcorp Technology Partners and others. Back in August 2013, CVC acquired a controlling stake in Skrill for €600m from Bahrain-based Investcorp.

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Deals, eWallets, Fintech news

March 24, 2015

3222

Fundbox Raises $40 Million To Pay Invoices On Demand

TECHCRUNCHFundbox, a company that loans businesses money for outstanding invoice payments, has raised $40 million to grow its own business in the trillion-dollar alternative lending market. The Series B round was led by General Catalyst with participation from NyCa Investment Partners and help from existing backers Khosla Ventures, Shlomo Kramer and Blumberg Capital. (more…)

Deals, Fintech news, news, POS/mPOS and online acquiring

March 19, 2015

1788

Ticketing Platform Peatix Bags US$5M In Series B Funding

E27.CO: Global online ticketing platform Peatix has raised US$5 million in Series B funding led by DG Incubation, the investment subsidiary of Digital Garage. SPH Media Fund, the corporate venture fund of Singapore Press Holdings and Japanese media company Sunny Side Up also invested in this round. Existing investors from the Series A round Fidelity Growth Partners Japan and Draper Nexus also participated in the round. (more…)

Deals, Fintech news, InspirAsia, Japan, news

March 17, 2015

1756

Indian Business Baron Ratan Tata Invests In Paytm

E27.CO: Chairman Emeritus of Tata Sons Ratan Tata has made an undisclosed amount of investment in mobile payments and commerce company Paytm. With this investment, Tata will pick up a small stake in One97 Communications, the company that owns and operates Paytm. He will also take on the role of an advisor at the company.

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Deals, Fintech news, India, InspirAsia, news, p2p-payments

March 13, 2015

1505

Balanced To Close Its Payment Platform, Strikes Transition Deal With Rival Stripe

TECHCRUNCH: The march of consolidation in the world of e-commerce has claimed its latest victim.Balanced, a payments platform for peer-to-peer marketplace businesses, is closing its doors after failing to grow fast enough, or as co-founder Matin Tamizi describes it, “reach the escape velocity necessary to be a large, innovative, independent player in the payments space.” The company, a Y-Combinator alum, has struck a deal with one of its longtime rivals,Stripe, to act as its transition partner for existing customers.

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Deals, Fintech news, Mobile payments/banking

March 13, 2015

2599

Amazon Has Quietly Acquired 2lemetry To Build Out Its Internet Of Things Strategy

TECHCRUNCHAmazon is taking another step into the Internet of Things. TechCrunch has learned, and confirmed, that the e-commerce and cloud services giant has acquired 2lemetry, a startup based out of Denver that has developed an enterprise-focused platform to track and manage IP-enabled machines and other connected devices. (more…)

Deals, Fintech news, POS/mPOS and online acquiring

March 12, 2015

1313

Snapchat Is Raising Money From Alibaba at a $15 Billion Valuation

BLOOMBERG: Alibaba Group Holding Ltd. plans to invest in Snapchat Inc., the mobile application for sending disappearing photos, at a valuation of $15 billion, people familiar with the situation said. China’s biggest e-commerce company intends to invest $200 million, said the people, who asked not to be identified because the discussions are private.

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China, Deals

March 12, 2015

1283

Alibaba, Prince Alwaleed Go In On Snapchat’s $500M Round

TECHCRUNCH: Snapchat, one of the ten most popular instant messengers in the world, has raised $200M from Alibaba Group and Saudi Arabian investor Prince Alwaleed Bin Talal at the valuation of $19B. Alibaba’s only weakness against its traditional rival – Chinese Tencent – is the lack of a strong position in the messaging market. With this investment (as well as the investment of $215M in Tango messenger last year) Alibaba is trying to strengthen its position in the market by diversifying assets and insuring itself against the negative effects of the growing popularity of instant messengers as a means for communication, shopping, financial transactions, etc.

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China, Deals, Fintech news, InspirAsia

March 11, 2015

1680

ChargeBee takes the pain out of subscription billing, raises $5M from Tiger Global, Accel

TECHINASIA:  Cloud-based billing platform ChargeBee has just announced its series B funding round of US$5 million led by Tiger Global. Its existing investor Accel Partners participated in the latest round. ChargeBee provides its clients with an easy plug-and-play interface to accept payments through a choice of 30 gateways, such as Authorize.Net, Braintree, Stripe, PayPal, eWay, Pin Payments, AmazonPayments, and WorldPay.

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Deals, India, InspirAsia

March 11, 2015

1407

PayPal Buys Paydiant, The Mobile Wallet Behind CurrentC, To Raise Its Game v. Google + Apple

TECHCRUNCH:  PayPal, the payments service with 162 million users preparing to separate from e-commerce giant eBay later this year, is announcing an acquisition today to help build out its mobile business targeting physical merchants, and sharpen its focus in competition with other tech payment hopefuls like Apple and Google. It is buying Paydiant, a startup out of Boston that makes mobile wallet technology. That technology, in turn, powers payment apps for large business like Subway, Harris Teeter supermarkets, Capital One bank, and — perhaps most notably — MCX, a merchant-owned network that is developing a payment app called CurrentC.

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Deals, eWallets, Fintech news, Mobile payments/banking, Mobile-first banks

March 2, 2015

1768

Payment Data Systems buys Akimbo of San Antonio for $3M

SiliconHills: Payment Data Systems, an online payments company, announced Tuesday it has acquired Akimbo Financial for $3M. Payment Data Systems is buying the company with common stock in 2 tranches with up to $300,000 in cash if any liabilities are assumed. (more…)

Deals, Fintech news, news, POS/mPOS and online acquiring

December 16, 2014