PYMNTS-MonitorEdge-May-2024

Fintech Investments

FinTech IPO Gains 1.5% as Opendoor Surges on Sell-Side Enthusiasm 
FinTech IPO Gains 1.5% as Opendoor Surges on Sell-Side Enthusiasm 
June 30, 2023  |  Fintech Investments

The platforms surged — many of them anyway.   And yet the FinTech IPO Index was up a muted 1.5% headed into the end of the...

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PhonePe Raises $200 Million From Former Parent Walmart
PhonePe Raises $200 Million From Former Parent Walmart
March 19, 2023  |  Fintech Investments

India’s FinTech platform PhonePe has raised another $200 million, this time with the help of Walmart. The funding, announced Friday (March 17), comes one month...

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Oportun, Katapult Drive FinTech IPO Index Down 4.1%
Oportun, Katapult Drive FinTech IPO Index Down 4.1%
March 17, 2023  |  Fintech Investments

The past week’s been dominated by bank runs, by lifelines thrown to banks, by bank rescues. And yet, in the midst of a whipsaw week...

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Stripe Aims to Buy Employee Shares and Cover $3.5 Billion Tax Bill
Stripe Aims to Buy Employee Shares and Cover $3.5 Billion Tax Bill
March 06, 2023  |  Fintech Investments

Stripe’s latest fundraising round is reportedly being driven by a $3.5 billion tax bill. The firm aims to cover this personal tax liability that will...

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Dubai Chamber of Commerce Launches FinTech Business Group 
Dubai Chamber of Commerce Launches FinTech Business Group 
December 27, 2022  |  Fintech Investments

The Dubai Chamber of Commerce has launched a new FinTech- and payments-focused business group. The aim of the group is to bring together companies in...

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Deluxe, UK Trade Dept Team on Cross-Border Innovation
Deluxe, UK Trade Dept Team on Cross-Border Innovation
September 13, 2022  |  Fintech Investments

Deluxe, which works in payments and business technology, has hosted 10 British FinTech companies to help promote collaboration and innovation in financial and business services,...

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Solid Raises $63M to Expand FinTech-as-a-Service into New Verticals
Solid Raises $63M to Expand FinTech-as-a-Service into New Verticals
August 31, 2022  |  Fintech Investments

FinTech-as-a-Service platform Solid Financial Technologies has raised $63 million in a Series B funding round to speed its expansion into new verticals, including travel, logistics,...

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Investment Firm Thoma Bravo Eyes Cash Offer for UK Cybersecurity Firm Darktrace
Investment Firm Thoma Bravo Eyes Cash Offer for UK Cybersecurity Firm Darktrace
August 15, 2022  |  Acquisitions

British cybersecurity firm Darktrace is reportedly considering a cash offer from tech investment firm Thoma Bravo, Reuters wrote. According to Darktrace, the discussions were still...

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Mexican FinTech Yaydoo Closes $20M Series A
Mexican FinTech Yaydoo Closes $20M Series A
August 02, 2021  |  B2B Payments

Mexico City-based B2B software and payments company Yaydoo closed a $20.4 million Series A funding round Monday. The company said the new funding will let...

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