Ratesetter raises £20m in latest funding round
Ratesetter raised £20 million in a new round of funding from Artemis and Woodford Investment Management, as well as previous shareholders Ken Costa and Charles Peel.
M&A
Optimal Payments makes £800m deal to buy Skrill Group
Optimal Payments will buy Skrill Group for an enterprise value of around £800 million, as part of a plan to expand its online payment and digital wallet service.
Square buys Kili Technology for mobile payments tech
Square’s acquisition of Canadian payment processing company Kili Technology could boost plans to roll out a mobile and contactless card reader.
PayPal plans Paydiant acquisition
PayPal plans to acquire Paydiant, the startup whose white-label platform powers Merchant Customer Exchange’s mobile payment offering CurrentC.
Samsung takes on Apple with LoopPay aquisition
Samsung’s acquisition of mobile wallet startup Loop is a clear signal that the South Korean company plans to compete with Apple in the mobile payments market.
Monitise in further talks over possible sale
Monitise’s shares saw a boost after the mobile-banking software company claimed to be in ‘constructive discussions’ over a possible sale.
Tyme Capital acquired by Australian bank
The Commonwealth Bank of Australia has acquired South African startup Tyme Capital as part of plans to expand its capability led growth outside Australia.
Mozido acquires PayEase Corp to fuel Chinese expansion
Mozido has acquired a Delaware-based payments company PayEase in order to take advantage of the organisation’s links with Chinese banks.
Line scoops WebPay to boost mobile payment service
Messaging app Line is extending its mobile payment functionality after buying Japanese startup WebPay for an undisclosed sum.
Monitise considers sale after further revenue warning
British mobile payments company Monitise is considering putting itself up for sale after issuing its third revenue warning in a year.
