Payment giant Stripe funds fintech startup Ramp at $1.6 billion valuation
Ramp, a fintech startup that offers corporate cards and software for managing employee expenses, raised $115 million in a funding round led by digital payments giant Stripe and D1 Capital Partners, valuing it at $1.6 billion, it said on Thursday. The two-year-old New York-based firm competes with American Express, new-age fintech startups such as Brex and older expense management software makers like Expensify and SAP Concur. Stripe, which had invested in Ramp previously as well, had in March raised $600 million at a valuation of $95 billion. To read more, please click on the link below… Source: Payment giant Stripe funds fintech startup Ramp at $1.6 billion valuation | Reuters
IDS, White Clarke Group join forces to create a secured finance technology powerhouse
The combination of IDS and the UK’s White Clarke Group will create a multi-asset class secured finance technology powerhouse.
Fintech Openpay cracks deal with Worldpay for US expansion
Australian buy now, pay later fintech Openpay is now looking to grow its business in the US via a strategic partnership with payments processor Worldpay.
Revolut business accounts now available in 50 US states
Europe’s largest neobank, Revolut has officially rolled out its business accounts in the United States across all 50 states.
Revolut seeks to join U.S. Online Banking rush with new license
Revolut has asked U.S. regulators for a banking license in a effort to capture more of the country’s switch to online financial services.
US fintech Payroc to bring 75 jobs to Northern Ireland
US payment processing company Payroc has announced plans to invest in Northern Ireland for the first time, with 75 new jobs to be created.
Aquarius Financial Technologies partners with CQG
Aquarius Financial Technologies, a next generation trading technology provider, have announced a strategic partnership with CQG.
GoCardless opens NYC base to strengthen its North American expansion
The New York office will support the company’s North American operations and growth – a market which grew 400% for GoCardless last year.