BankTech

Baidu says Let's Talk Payments

China’s largest search engine provider Baidu Inc, has formed a partnership in order to apply for multiple banking licenses. This move accelerates its growth from acting as a store front for money market funds to a certified financial institution. "Of the businesses the Internet will topple they naturally include finance,”...

Read More · 1 minute

BankTech

SimpleTuition Enables Students to Afford Higher Education, Raised $26 Mn

SimpleTuition was Co-Founded in 2005 by Kevin Walker (CEO) and Patrick Kandianis (CSO). The company has received a total funding of $26 Mn through investors Atlas Venture, Flybridge Capital Partners, North Hill Ventures, Atlas Venture, Flybridge Capital Partners, Atlas Venture, Flybridge Capital Partners, North Hill Ventures. Based in Boston, Massachusetts SimpleTuition compares student loans offered by a variety of private and federal...

Read More · 2 minutes

Enabling Technologies

Payfirma Brings Enterprise Level Payment Solutions to SMBs, Raised $5.47 Mn

Payfirma is a company that develops payment processing applications to enable businesses to accept credit & debit cards in their stores, online and on their mobile devices. The company recently announced that developers can now also use Payfirma’s easy-to-integrate API to build versatile products for accepting payments online and on mobile...

Read More · 2 minutes

Payments

Payment Industry M&A Monthly Update, January-February 2014

Underlying an ongoing global shift toward non-cash payments and strong growth in non-cash transactions, this industry is witnessing a surge in M&A transactions across different verticals of non-cash payments like transaction processing, payment gateways, and mobile payments. In the first two month of the year itself nine transactions with total...

Read More · 3 minutes

Payments

Bill Payments, Cash Deposits and Prepaid Loads via Fuze Network, Raised $3.7 Mn

Fuze Network was founded in August 2010 by Dave Wilkes (CEO). The management team also includes Khalid El-Awady (CPO) and Kelly Lent (CTO). Fuze Network has received a total funding of $3.7 Mn through investors Metamorphic Ventures, Kickstart Seed Fund, Insikt Ventures, Ribbit Capital, Matrix Partners and Deciens Capital. Fuze Network says that its technology facilitates the movement...

Read More · 1 minute