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PPRO nabs $180M at a $1B+ valuation to bring together the fragmented world of payments The pandemic has hastened a shift of most commerce becoming e-commerce in the last year, and that has brought a new focus on startups that are helping to enable that process. In the latest development, PPRO, a London-based startup that has built a platform to make it easier for marketplaces, payment providers and other e-commerce players to enable localised payments — that is, make and take payments in whatever form local customers prefer to use, which extend well beyond basic payment cards — has closed...

Rapyd raises $300M on a $2.5B valuation to boost its fintech-as-a-service API A wave of organizations — propelled by global COVID-19 pandemic circumstances — are moving their commercial and financial interactions online, and today one of the big players helping to enable that shift is announcing a significant round of growth funding to expand the tools and services that it provides to them. Rapyd, which provides an API-based “fintech-as-a-service” platform covering payments, banking services, fraud protection and more, has raised $300 million, funding that CEO and co-founder Arik Shti...

On the face of it, Britain’s venture capital firms have never been more ready to invest in your start-up. British venture capital funds have £8.4bn ready for investment in fast-growth businesses, according to research. Indeed, British tech start-ups raised more than £4bn between January and June, despite the shutdown of the economy, according to the government. This venture capital cash could provide crucial investment for innovative companies as the country emerges from the Covid-19 crisis. However, the reality is that many venture capital investors are playing it cautious, wanting to i...

On Thursday, Mambu said its valuation had risen to 1.7 billion euros ($2.1 billion) in a 110 million euro ($135 million) funding round. The new round was led by TCV, an investor in Facebook and Netflix, with additional investment coming from Tiger Global and Arena Holdings. Mambu is one of several start-ups looking to assist — rather than disrupt — banks in their journey towards embracing modern cloud infrastructure and transitioning away from so-called "legacy" technology. It competes with the likes of Britain's Thought Machine, which was founded by ex-Google engineer Paul Taylor, and 10...

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Vacuumlabs opens regional HQ in Hong Kong 06 January 2021 Source: Vacuumlabs Vacuumlabs, a trusted global software development partner with a proven track record in successfully delivering full-stack fintech solutions, announces the opening of its new regional headquarters in Hong Kong. Vacuumlabs aims to strengthen its presence in the region and broaden its services to existing and new clients in Asia. ...