Data transformation firm VelociData has raised USD10m in a round led by Motorola CEO Christopher Galvin, with participation from founding investor Bush O’Donnell and NewSpring Growth Capital. The Missouri-based firm develops technology for handling high volumes of data and data-related processes in real time.
“Any C-level executive leading a global enterprise will tell you that, in today’s hyper-dynamic and hyper-competitive markets, success depends more and more on giving decision-makers fast access to information that is complete, accurate and timely,” said Galvin.
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.