Budapest-based SEON — an anti-fraud platform which looks at a customer’s “digital footprint” to weed out false accounts and thus prevent fraudulent transactions — has …
Proving that banking as a service is hotter than ever, Treasury Prime raises $40M Series C
Treasury Prime co-founder and CEO Chris Dean believes that the best outcomes for consumers will result from traditional banks and fintechs working together. The banking-as-a-service …
Egyptian financial services provider MNT-Halan valued at $1B in $400M funding
Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors as it continues …
Thrive Capital believed to be leading new multibillion-dollar investment in Stripe
Thrive Capital has reportedly committed $1 billion in fresh capital to payments giant Stripe as part of a new investment in the works that would …
TrueBiz aims to help financial services providers onboard business customers faster, avoid fraud
Due diligence was a big topic in 2022 for a variety of reasons. But due diligence doesn’t just apply to investors pouring money into startups, …
Marqeta buys fintech Power Finance in $275M all-cash deal, its first acquisition
Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly traded company’s …
Walmart-backed PhonePe’s nine-month 2022 revenue surged to $234 million
PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. …
What’s Stripe’s deal?
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as …
Stripe eyes an exit, Dell bets on the cloud, and Shutterstock embraces generative AI
Hey, party people, it’s Kyle, continuing to step in for Greg to write Week in Review as he spends time with his newborn. Dunno about …
Report: Stripe tried to raise more funding at a $55B-$60B valuation
When payments giant Stripe raised $600 million at a $95 billion valuation in 2021, it made headlines for raising capital at the highest-ever valuation for …