ByPass, a cloud-based payment system for stadiums and entertainment venues, has raised USD3.5m in Series A round co-led by eBay and AEG. Investment also came from a number team and venue owners who participated as angel investors. The Austin-based company provides cloud-connected point-of-sales-systems which allow users to buy food, drinks and merchandise remotely and have it delivered to their seat, reducing long queues at events.
The SaaS firm saves all the information on the cloud, allowing venue owners to analyse buying habits of fans. ByPass has already secured partnerships with venues in most major US sporting leagues and says it will use the funding to expand on its 200,000 point of sales systems currently in use.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.