Klarna Buys Online Commerce Startup Hero
In a deal worth a reported $160 million, Hero, a virtual shopping service start-up was purchased by Klarna. Klarna plans to introduce Hero to its 250,000 retail
July 17, 2021
Prodigy Announces Acquisition of FICANEX Technology to Take the Lead on Open Banking and Digital Identity
Prodigy, a provider of leading edge platforms including, IDVerifact™ for digital identity and new Fintech platforms for open banking and payments, recently announced the acquisition of FICANEX Technologies. FICANEX
July 17, 2021
Bain Capital Ventures files to create a new crypto investment fund
The venture arm of Bain Capital, Bain Capital Ventures, recently announced it intends to create a new crypto-focused fund. The filing comes months after Bain announced $1.3B
July 17, 2021
Chasing Yield Off A Cliff: China Continues Big Tech Crackdown
This article is part of Wellesley Hills Financial’s Market Movements series, found in our weekly newsletter. China’s crackdown on big tech continued last week as Chinese
July 12, 2021
ServiceTitan: Titans of Field Services Software
This article is part of Wellesley Hills Financial’s Market Movements series, found in our weekly newsletter. ServiceTitan, a cloud-based business management solution provider for contractors within
July 6, 2021
VISA’s Tink, Plaid Saga Highlights Power & Challenges of Open Banking in the US
Fintech enthusiasts and investors scored a major victory on June 24 when Visa Inc. (NYSE: V) announced its intention to acquire Stockholm, Sweden based open banking platform Tink for approximately $2.15 Billion USD. The news
July 6, 2021
Backtracking Into The Future – Deutsche Bank
This article is part of Wellesley Hills Financial’s Market Movements series, found in our weekly newsletter. Deutsche Bank announced a joint venture (JV) with Fiserv Monday, June
June 28, 2021
Earn Your Stripes – The Shopify Ecosystem
This article is part of Wellesley Hills Financial’s Market Movements series, found in our weekly newsletter. Last week, Stripe, the most valuable pre-IPO company in Silicon Valley,
June 21, 2021
Gettin’ JIT-ty Wit It – Marqeta
On Wednesday, June 9, Marqeta made its trading debut on the Nasdaq under the ticker symbol MQ. For many, the IPO was the exclamation point at the end of an
June 21, 2021