Latin American FinTech Prometeo has launched its Bank Account Validation (BAV) offering for the U.S. market. This offering enables Latin American businesses to connect with all U.S. banks via one integration with a single provider and application programming interface (API), the company said in a...
Mexico-based digital payments/commerce platform Clip has raised $100 million in new funding. The financing comes from investment funds managed by Morgan Stanley Tactical Value, and from “one of the largest, most experienced West-Coast mutual fund managers,” the company said in a news release Tuesday (June...
X is reportedly preparing for a multiyear campaign to launch its payments business. But when that happens, Bloomberg Businessweek reported Tuesday (June 18), the Elon Musk-owned social media app sees payments as a way to bolster its business via “increased participation and engagement” on its platform. The...
You can make money as a social media influencer. But maybe not enough to get by. A report Monday (June 17) evening by The Wall Street Journal (WSJ) examines the hardships facing the people who try to earn a living by posting content on social media....
Instacart has partnered with YouTube to make the video platform’s ads shoppable. In this pilot, select consumer packaged goods (CPG) brand partners of Instacart will be able to use shoppable ads on YouTube to inspire consumers to purchase items for same-day delivery, Instacart said in...
Citigroup is reportedly putting its services business at the forefront of its upgrade project, highlighting how the global movement of money can enhance profitability. The services business, one of the bank’s five newly formed divisions, will be the focus of an investor day at Citigroup’s...
Hackers who targeted Snowflake customers are reportedly demanding ransom payments ranging from $300,000 to $5 million from as many as 10 breached companies. The hacking group, known as UNC5537, accessed the Snowflake accounts of approximately 165 customers and stole valuable data, Bloomberg reported Monday (June 17). Austin Larsen,...
Spanish venture capital (VC) firm Kfund has raised $75 million to fund tech projects. The company announced the new fund Monday (June 17), saying it would help support founders in Europe working “with foundational technologies” defined here as “data plays,” “platform layers,” and artificial intelligence (AI). “With a target...
Brazilian payments FinTech PagBrasil has released an updated version of its subscription platform, PagStream. The subscription management solution gives local and international retailers that sell goods and services in Brazil the means “to have more predictable revenue by building customer loyalty and enhancing the growth...
