Stocks across the payments realm roared ahead this past week, with several names reporting double-digit percentage gains. Not a bad showing, though the gains could be said to come less from sanguine news on a company-by-company basis and more likely stemming from a continuing stock...
OnDeck, the online lender for small business, announced it closed on a $200 million asset-backed revolving debt facility. The debt facility is by Credit Suisse. In addition to other funding sources, OnDeck said in a press release announcing the debt facility, it may now obtain funding...
The valuation game may be stirring anew. And might this be a company, eventually, that helps tech names be painted with a Stripe of a different color? (Pun intended). The most recent equity raise by Stripe, the payments processor, at $150 million, has given the...
With just over $210 million in total fund flows for the first full week back from the shortened holiday weekend here in the States, the Investment Tracker seemed to return to previous levels of low triple-digit tallies. As has been seen previously, FinTech dominated, marking...
Western Union announced Tuesday (Dec. 6) it made a strategic investment in Walletron, the mobile wallet bill presentment and payment company. In a press release, Western Union said the investment, which it did not disclose the size of, supports Western Union’s strategy to bring smart...
The NFL Players Association (NFLPA) is starting a venture capital group and business accelerator. But what has most people talking about the OneTeam Collective is that its proposed investment capital isn’t cash — it’s cachet. The collective cachet of athletes to be precise. The group...
Google Ventures founder Bill Maris, who stepped down as CEO earlier in 2016, is launching a new venture fund and has raised slightly over $230 million. According to a report in Recode, which cited those who have seen its fundraising deck, the new fund will...
MoneyLion, the mobile personal finance platform that leverages machine-learning analytics, announced it raised $22.5 million in a Series A venture capital funding round led by Edison Partners. That, coupled with $650 million in existing debt facilities, will fund the company’s growth and expand its lending...
Movements in payments stocks was decidedly to the downside, as declining names showed more dramatic shifting than did advancing issues. Verifone Systems shares fell almost 10 percent on the week to $15.50, with corporate news coming out that the firm has launched a U.K.-focused point-of-sale...
