According to re/code, the Indian-based e-commerce company has secured a half a billion dollar investment from investors such as Alibaba, the Chinese e-commerce company, and Foxconn, the Taiwanese manufacturer of Apple’s iPhones.
Recent figures reveal that bitcoin has grown 25 per cent faster than the internet did in its early stages and investment in the digital currency is set to reach $800 million this year.
The bank has launched a new A$50m (£23.4m) fund that will invest in payments and mobile banking start-ups, as it seeks to increase its focus on ‘customer-led innovation’.
The digital payments company has secured financial investment from Visa, Amex and other financial giants, raising its valuation to $5 billion.
Newtek, an internally managed business development company, has paid nearly $17m for Premier Payments LLC, an electronic payment processor. Newtek hope the acquisition will expand their presence within the merchant processing space.
Money Mover, the online business currency exchange and international payments service dedicated to SMEs, has raised £1m from a group of financiers, entrepreneurs and technologists, including Andy Homer and Sir Peter Michael.
Revolut, an alternative foreign exchange service, has raised £1.5m in a funding round led by tech venture capital firm Balderton Capital, to launch its international money-transfer app on iOS and Android.
Ethoca, an e-commerce security firm specialising in collaboration-based technology solutions, has raised $45m from Spectrum Equity, which will be used to expand into more international territories.
TimeOut, having rebranded itself from traditional media brand to ‘global multimedia discovery platform’, has led a £7m investment round in Flypay, an app that allows you to settle your restaurant bill via your phone.
BitFury, the Bitcoin Blockchain infrastructure provider and transaction processing company, has secured $20 million in funding from investors including the likes of Venture Capital, iTech Capital and Georgian Co-Investment Fund.
PAY.ON, an ACI Worldwide company, delivers white label global payment gateway solutions to payment service providers, ISOs, acquirers, ISVs, and VARs, enabling them to fully outsource payment transaction processing or integrate a gateway-to-gateway solution.
Michael Kaplan, CRO and General Manager at PayNearMe
