In today’s top payments news around the world, Jumio has secured a $150 million investment from Great Hill Partners, while Nuvemshop has raised $90 million in funding. Plus, MobiKwik of India is reportedly looking to go public.
Jumio Lands $150 Million To Expand Digital ID Verification, AML Compliance
Jumio said Tuesday (March 23) that it has notched a $150 million infusion from Great Hill Partners. The funding comes on the heels of an active year for Jumio in 2020, during which it reported record sales, volumes and automation breakthroughs. “Jumio’s innovations helped establish the identity verification market, and the need to establish someone’s digital identity remotely has never been greater,” Jumio CEO Robert Prigge said.
eCommerce Platform Nuvemshop Of Brazil Lands $90 Million Funding
Nuvemshop, which is headquartered in Sao Paulo, Brazil, has notched $90 million in funding. Accel headed up the round, and, as part of the deal, Accel Partner Andrew Braccia will become a part of Nuvemshop’s board. (Braccia sits on the boards of firms like Squarespace and Slack.) The firm, which is referred to as Tiendanube in Spanish speaking nations, claims it is “the dominant eCommerce platform in Latin America.”
Digital Wallet Provider MobiKwik Of India Looks To Go Public
MobiKwik of India, the digital wallet and payments app, has looked in recent years to compete with multinational competitors on its home court, grow internationally and take advantage of the rise of mobile payments. Now, MobiKwik is reportedly out to conduct an initial public offering (IPO) of its stock this autumn that could bring in funds ranging from $200 million to $250 million.
Cos Including Mastercard, IBM, SoftBank Ask G7 For Tech Forum
Mastercard, SoftBank and IBM — in addition to other firms — are seeking to have the G7 create a new group to help organize the manner in which member states approach concepts like artificial intelligence (AI). The Data and Technology Forum would provide suggestions as to how tech governance could be organized internationally in lieu of proposing stringent rules.
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