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GoCardless Unveils Open Banking Payment Product "Instant Bank Pay" to Offer Businesses With New One-Off Payment Alternative - Vimarsana News

GoCardless Unveils Open Banking Payment Product "Instant Bank Pay" to Offer Businesses With New One-Off Payment Alternative

  GoCardless announced on Tuesday the launch of its open banking payments product, Instant Bank Pay. According to GoCardless, merchants who use Instant Bank Pay may take instant, one-off bank-to-bank payments from new and existing customers while still having the benefits of bank debit for their recurring payments. While sharing more details about the product, said Hiroki Takeuchi, Co-Founder and CEO of GoCardless, stated: “Instant Bank Pay addresses this pain point by giving merchants the best of both worlds: open banking will provide instant confirmation of payment authorization, ena...

Today in European Tech: UiPath's IPO, Trendyol nabs $330 million, BlaBlaCar raises $115 million, new EU rules on use of AI, and more - Vimarsana News

Today in European Tech: UiPath's IPO, Trendyol nabs $330 million, BlaBlaCar raises $115 million, new EU rules on use of AI, and more

- Turkish e-commerce platform Trendyol has received an additional $330 million investment from existing partner Alibaba in a capital increase. With this injection of capital, Alibaba now holds an 86.5% stake in the company. - UK fintech and pensions provider PensionBee arrived on the London Stock Exchange this morning with its shares priced at 165p, giving it a valuation of £365 million on admission. - French startup BlaBlaCar has raised a new $115 million funding round. While the company is better known for its long distance carpooling marketplace, BlaBlaCar has also added a bus marketpl...

Source: tech.eu
Startups battled to survive 2020. Here's what they must do next - Vimarsana News

Startups battled to survive 2020. Here's what they must do next

WILLIAM MARSDEN At the start of 2020, Black Girl Ventures, a network which helps Black and brown women entrepreneurs find access to capital, was on the brink of expanding its footprint to 25 more cities in the US. But, after successfully launching two in-person capital-raising boards – called chapters – in Houston and Philadelphia, something unimaginable happened. Black Girl Ventures was forced to pause its in-person operations and shut down all upcoming chapter launches to help stop the spread of Covid-19. It’s a story that every founder who lived through 2020 can relate to. ...

GoCardless Raises $95M in Funding – FinSMEs - Vimarsana News

GoCardless Raises $95M in Funding – FinSMEs

This round, which brings the total raised to-date to $240m, was led by Bain Capital Ventures. The company will use the funding to accelerate its open banking strategy, combining the latest technology with its global bank debit network and expand its offering into the adjacent e-commerce market. Merchants will be able to access instant open banking payments while bank debit maximizes cash flow and minimizes churn by pulling funds automatically from payers – all at a lower cost than cards. Led by Hiroki Takeuchi, CEO and co-founder, GoCardless provides a global payments network and technology...

Gocardless nears $1bn valuation after latest funding round : CityAM - Vimarsana News

Gocardless nears $1bn valuation after latest funding round : CityAM

London fintech Gocardless is nearing unicorn status after its latest funding round amid a digital payments boom.  The Alphabet-backed company announced it had raised $95m in its latest funding round led by the venture capital arm of Bain Capital, valuing the firm at over $970m.  “This funding round demonstrates the strength of the business and the confidence both our customers and investors have in GoCardless,” said chief executive and co-founder Hiroki Takeuchi.  The latest fundraise brings the total raised by the company to $240m to date and follows 46 per cent year-on-year revenue g...

Source: cityam.com