Circle pay app launches Chinese operations with $60m in local financing
Instant payments app Circle, which so far provided services to the US and the UK, has now expanded to China with a $60m in fresh funding from local investors.
LaSalle Capital acquires online payments platform Processing.com
Chicago-based lower mid-market investor LaSalle Capital has bought a stake in payment solutions provider Processing.com for an undisclosed amount.
How PayPal plans to get back on top in Digital Payments
After a lost decade, the newly independent PayPal is making big investments again. Read more: fortune.com
Is Blockchain a dilemma for regulators?
Gabrielle Patrick is a UK and US lawyer specializing in cryptofinance and distributed ledger technology. Read more: www.baypayforum.com
Indian markets all set to benefit from blockchain tech
An Indian company has come up with a solution that could potentially change the way derivatives and cash contracts are settled in stock markets. Read more: cointelegraph.com
FinTech’s Bright Future Marred by Hype
"Matchmaker" authors David S. Evans and Richard Schmalensee on what happens when FinTech hype drowns out the real hope that will define its future. Read more: www.pymnts.com
IK taps Small Cap Fund I to back Nordic payment solution...
European buyout house IK Investment Partners will use its IK Small Cap I Fund to buy a majority stake in Sweden-based payment solution provider OS Group, or OpenSolution.
PromisePay picks up $10m of VC, entrepreneur funding
Australian online marketplace startup PromisePay has picked up $10m of new capital from backers including Cultivation Capital, Rampersand and Reinventure.
AMMA leads $9m round in P2P payments provider Tapp Commerce
Australia-based AMMA Private Equity has led a $9m financing round in Finnish mobile payment app Tapp Commerce.
SafeCharge unloads its 5% minority stake in FinTech Group AG
SafeCharge exits its minority stake in FinTech Group AG for a small profit. Read more: www.financemagnates.com