MC Payment grabs controlling stake in Alipay acquirer Genesis
Singapore-based FinTech firm MC Payment is buying a controlling stake in Genesis Payment Solutions – a licensed merchant acquirer for Alipay. The financial terms of the deal are undisclosed.
Ant Financial buys US remittance firm MoneyGram for $880m
Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.
Group payments app Tilt in buyout talks with Airbnb
Social payments app Tilt is in talks with sharing economy giant Airbnb to potentially beef up the short-term rental firm’s group payments capabilities.
Dwolla swipes $6.85m for bank transfers API
Bank transfers software platform Dwolla has raised $6.85m in a new funding to coincide with the relaunch of its white-label API.
Turkish payments service provider iyzico nabs $13m
Turkish online payments processor iyzico has raised $13m in a Series C round led by Vostok Emerging Finance. Existing backers IFC and local investor 212 also participated.
Daimler acquires PayCash Europe to launch Mercedes pay
Daimler Financial Services is acquiring electronic payments provider PayCash Europe. The terms of the deal are undisclosed.
Transfast lands $40m credit facility from Comvest Partners
Cross-border payment provider Transfast has picked up a $40m credit facility from investment firm Comvest Partners.
SatoshiPay grabs £700,000 for bitcoin micropayments
Bitcoin-based nanopayments solution SatoshiPay has raised £700,000 in a new round led by Blue Star Capital.
Swedish mobile POS iZettle picks up another €60m
Swedish mobile point-of-sale (POS) payments firm iZettle has raised another €60m in a round made up of debt and equity from existing backers.
Kalixa Payments bought for £30m by Singapore investor
GVC Holding is selling Kalixa Payments Group and its subsidiaries to privately held payments operator and investment firm Senjō Group for $30m.