Week's Most Interesting
Stripe’s Collison on AI, Crypto, and Valuations
On Wednesday I got the chance to listen to one of Stripe’s ‘Brothers Collison’ (John) live at AXIOS’s BFD event in San Francisco. It was an interesting setting for the co-head of one of the world’s largest payments orchestration platforms in that historically, financial and strategic information about the still, privately held company must be teased-out of miscellaneous print reports. As such, watching Collison take ‘fastball’ questions from Axios’ business editor, author of the Axios Pro Rata newsletter, and lead journo covering VC, PE and M&A, Dan Primack, in real-time, was pretty extraordinary, and the Q&A did deliver some newsworthy nuggets commensurate with the
Crypto
Magic announces $52M Strategic Funding Round led by PayPal Ventures
Magic, a leading non-custodial wallet-as-a-service (WaaS) provider and web3 onboarding solution has raised $52 million in a strategic funding round led by PayPal Ventures
E-commerce
Moneris Partners with Wix to Provide Canadian Businesses An All-In-One E-commerce Solution
Wix.com, a top global e-commerce services provider offering cloud-based web development services for creating websites and mobile sites through the use of online drag
Embedded Finance
Weavr and Visa to Deliver Embedded Finance to B2B SaaS Businesses
Weavr, a leader in embedded, Plug-and-Play financial solutions for B2B software companies, announced it has partnered with Visa to accelerate the adoption of embedded
Fintech
J.P. Morgan Launches Payments Partner Network Powered by Salesforce Commerce Cloud
J.P. Morgan revealed its new Payments Partner Network this week, a marketplace powered by Salesforce’s Commerce Cloud. The new payments network provides a single
Fraud / Risk Management
Onfido Acquires Airside, Enabling ‘Verify Once, Share Anywhere’ Digital Identity
Onfido, a leader in automated identity verification, announced the acquisition of Airside Mobile, a pioneer in secure digital identity sharing and the first company to
Investment / Acquisition
AXA Venture Partners to Raise €1.5 Billion Fund for Investments in Tech Startups
AXA Venture Partners, a venture fund focused on investment in the enterprise software space, unveiled a brand-new $1.6 billion, late-stage fund to invest in tech
Open Banking
Jack Henry Continues Phase Out of Screen Scraping on the Banno Digital Banking Platform
By using API connections to all five major data exchange platforms—Finicity, Akoya, Plaid, Envestnet, and Intuit—Jack Henry said it will continue to replace its screen scraping
Payments
Fullsteam Secures Major Investment from Aquiline and ADIA to Fuel Growth in Payments Technology and Vertical Software
Fullsteam, a top provider of integrated business management software and payments solutions, announced a new investment from Aquiline Capital Partners, the company’s founding sponsor, and
Saas
Restaurant365 Announces $135M Funding Round Co-Led by KKR and L Catterton
Restaurant3, an all-in-one restaurant enterprise management software company, announced it has agreed to a $135M round co-led by KKR and L Catterton. Restaurant365 is revolutionizing
Specialty Finance / LendTech
Kiwi Raises $80M to Offer Credit to Latino Migrants in US
KiWi, a fintech and specialty lending platform in the consumer finance space, announced it raised an additional $80 million in debt and equity. Founded
Week's Most Interesting
Stripe’s Collison on AI, Crypto, and Valuations
On Wednesday I got the chance to listen to one of Stripe’s ‘Brothers Collison’ (John) live at AXIOS’s BFD event in San Francisco. It
A.I.
Upstart Earnings Spark Questions About Company’s ‘Fintech’ Narrative
Upstart, an artificial intelligence based lending platform that partners with banks and credit unions to provide consumer loans saw its shares sink more than
Investments - M&A
AXA Venture Partners to Raise €1.5 Billion Fund for Investments in Tech Startups
AXA Venture Partners, a venture fund focused on investment in the enterprise software space, unveiled a brand-new $1.6 billion, late-stage fund to invest in
Fintech
J.P. Morgan Launches Payments Partner Network Powered by Salesforce Commerce Cloud
J.P. Morgan revealed its new Payments Partner Network this week, a marketplace powered by Salesforce’s Commerce Cloud. The new payments network provides a
Payments
Fullsteam Secures Major Investment from Aquiline and ADIA to Fuel Growth in Payments Technology and Vertical Software
Fullsteam, a top provider of integrated business management software and payments solutions, announced a new investment from Aquiline Capital Partners, the company’s founding sponsor,
Saas
Restaurant365 Announces $135M Funding Round Co-Led by KKR and L Catterton
Restaurant3, an all-in-one restaurant enterprise management software company, announced it has agreed to a $135M round co-led by KKR and L Catterton. Restaurant365 is revolutionizing
E-commerce
Moneris Partners with Wix to Provide Canadian Businesses An All-In-One E-commerce Solution
Wix.com, a top global e-commerce services provider offering cloud-based web development services for creating websites and mobile sites through the use of online drag and
Open Banking
Jack Henry Continues Phase Out of Screen Scraping on the Banno Digital Banking Platform
By using API connections to all five major data exchange platforms—Finicity, Akoya, Plaid, Envestnet, and Intuit—Jack Henry said it will continue to replace its screen scraping
Crypto
Magic announces $52M Strategic Funding Round led by PayPal Ventures
Magic, a leading non-custodial wallet-as-a-service (WaaS) provider and web3 onboarding solution has raised $52 million in a strategic funding round led by PayPal Ventures with
Specialty Finance / LendTech
Kiwi Raises $80M to Offer Credit to Latino Migrants in US
KiWi, a fintech and specialty lending platform in the consumer finance space, announced it raised an additional $80 million in debt and equity. Founded in
Embedded Finance
J.P. Morgan Launches Payments Partner Network Powered by Salesforce Commerce Cloud
J.P. Morgan revealed its new Payments Partner Network this week, a marketplace powered by Salesforce’s Commerce Cloud. The new payments network provides a single