PYMNTS

SEPTEMBER 27, 2018

The unit provides small- and medium-sized businesses (SMBs) with cross-border supplier payment services , enabling those companies to pay vendors in their local currencies to mitigate against foreign exchange risk and fees. Western Union said via a spokesperson that it does not comment on M&A speculation. billion. .

Sales 79

Sales B2B Foreign Exchange Valuation 79

PYMNTS

NOVEMBER 3, 2020

The latest developments have to first be disclosed to investors, the exchange said. Last month at the Bund Summit in Shanghai, Ma gave a speech that admonished Chinese regulators for interfering too much with FinTech and banking. 2) to answer questions behind closed doors. More than 5 million people made orders in Shanghai for stock.

Foreign Exchange 67

Foreign Exchange Valuation Banking Securities 67

PYMNTS

NOVEMBER 20, 2020

Several regulatory agencies — the People’s Bank of China (PBOC), the Insurance Regulatory Commission, the Securities Regulatory Commission and the State Administration of Foreign Exchange — summoned Ma to answer questions. . The regional bank manager is apt to rely on the calculations and computations of Ant above all else.

Restructuring 94

Restructuring Foreign Exchange Valuation Banking 94

PYMNTS

DECEMBER 29, 2020

Jack Ma’s Ant Group is considering moving all of its financial services units to a separate holding company that would be regulated like a bank, Reuters reported on Tuesday (Dec. If it is approved, the company’s estimated valuation of $315 billion would likely be slashed. China’s central bank told Ant on Sunday (Dec.

Foreign Exchange 65

Foreign Exchange Valuation Leverage Banking 65

PYMNTS

MAY 5, 2020

Founded in 2015, Revolut began with a prepaid debit card that enables people to sidestep foreign exchange fees while traveling abroad. Since its founding days, the FinTech has expanded its offerings to include cryptocurrency trading, business banking and more. billion prior to the pandemic’s surge in Europe. .

Foreign Exchange 70

Foreign Exchange Startups Valuation Banking 70

PYMNTS

MAY 1, 2020

London-based Finablr , which owns two foreign exchange businesses, found that the overall debt of the company was $1.3 And Shetty’s holding company BRS Ventures, which owns stake in Finablr and NMC, was in conversation with investment bank Houlihan Lokey on options that included debt restructuring. million to the hackers.

Foreign Exchange 61

Foreign Exchange Restructuring Valuation Numbers 61

Global Finance

JULY 29, 2024

Will Fed rate cuts and geopolitics fuel more M&A deals by GCC banks? Banks in the six-member Gulf Cooperation Council (GCC) are set to reap further gains as higher oil prices, increased public-sector spending, and red-hot real estate markets combine to generate a heady lending environment. surge in quarter-on-quarter profits.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Banking Profit and Loss Foreign Exchange 59

PYMNTS

APRIL 12, 2019

FinTech gearing up to launch small business banking services. million from Minstral Venture Partners and Revel Partners, according to a press release , which Buckzy will use to focus on providing both businesses and consumers with access to lower foreign exchange rates and greater visibility into their cross-border payments.

B2B 55

B2B Banking Foreign Exchange Startups 55

PYMNTS

FEBRUARY 5, 2020

The Visa partnership offers users secure, cross-border payments in multiple currencies while taking advantage of Airwallex’s competitive foreign exchange rates. Airwallex customers will be able to instantly initiate individual corporate cards instantly, side-stepping paperwork, annual fees and bank queues. .

B2B 71

B2B Foreign Exchange Currencies Valuation 71

PYMNTS

MARCH 23, 2020

Facilitating cross-border payments can be problematic for businesses and their partner banks, especially as real-time payment platforms become more popular. These workers will likely still expect fast payments regardless of the markets in which their employers are based. The cross-border payment problem .

Foreign Exchange 61

Foreign Exchange Currencies Valuation Invoicing 61

PYMNTS

AUGUST 14, 2019

Tax regulators noted that businesses can use foreign exchanges to facilitate their crypto payments, and offered guidance on how to calculate PAYE taxes and levies when paying in crypto. “If If the appropriate valuation cannot be obtained from a New Zealand-based exchange, an overseas-based exchange can be used,” the ruling stated.

Foreign Exchange 53

Foreign Exchange Valuation Currencies Banking 53

PYMNTS

OCTOBER 11, 2019

Still, investors placed more than $368 million into the space, often in the form of Series B rounds for a range of B2B players, including fleet management, small business (SMB) banking and global payments. challenger bank Tide secured $54.3 small business banking market, as well as invest in international expansion. .”

Startups 67

Startups Foreign Exchange B2B Investments 67

PYMNTS

NOVEMBER 16, 2018

While Automation Anywhere’s funding was the largest of the week, its valuation is not the biggest. The FinTech targets friction and costs associated with foreign exchange (FX) conversion fees and volatility that corporates experience when making payments to their vendors across borders.

Accounts Payable 77

Accounts Payable Currencies Foreign Exchange Startups 77

PYMNTS

OCTOBER 1, 2019

’s many so-called digital challenger banks, Revolut started its evolution as a pre-paid card attached to an app that gave users an easy mechanism for paying abroad without foreign exchange fees. billion valuation, which resulted in it becoming one of the Europe’s most valuable unicorn companies. One of the U.K.’s

Foreign Exchange 43

Foreign Exchange Valuation B2B Compliance 43

PYMNTS

FEBRUARY 26, 2016

The India-based online bank and technology platform aims to provide resources to SMEs that are looking for investors and acquirers. Devanath said SMERGERS has collected data on businesses across industries and geographical markets to help guide the valuation process. “An That’s where SMERGERS comes in. Global Expansion.

Foreign Exchange 52

Foreign Exchange Valuation Currencies Sales 52

PYMNTS

NOVEMBER 22, 2019

Talk of a decelerating FinTech venture capital market continued to mount this week with reports that digital banking startup Aspiration is struggling to raise money. raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Venture Capital Funding. Cardlay, based in the U.K., leading the investment.

Mergers and Acquisitions (M&A) 43

Mergers and Acquisitions (M&A) B2B Foreign Exchange Startups 43

Barry Ritholtz

AUGUST 16, 2022

That’s the foreign exchange markets, and to some extent, commodities. So just practically speaking, there’s going to be less to do if you’re trading German interest rates, and the central banks not moving them for 10 years. We’ve got central banks all over the world starting to move.

Profit and Loss 122

Profit and Loss Foreign Exchange Valuation Investments 122

PYMNTS

JUNE 27, 2016

FinTech firms are struggling to manage rising FX hedging and exchange demand, while bank regulation is in limbo as financial institutions wait to see how their operations with the EU will move forward. But currency valuations are fluctuating all across the globe, with India, Japan, the U.S. 1,500 F inTech startups in the U.K.

Foreign Exchange 40

Foreign Exchange Currencies Startups B2B 40

PYMNTS

JANUARY 29, 2018

It’s hard to wrap your head around the valuations … and what is driving them, other than the expectation that at some point it will all get figured out and work,” Webster said. Ripple’s xRapid is a foreign exchange investment vehicle that allows companies to take their U.S. Operating as a U.S.

Planning 48

Planning Currencies Foreign Exchange Valuation 48

PYMNTS

NOVEMBER 2, 2018

Ersek explained that Western Union is leveraging its money movement platform to handle the complex foreign exchange and settlement process that gives Amazon the ability to tap into consumer markets in the 200 countries that Western Union serves. But for about for about one-third o f the world’s adult population ( 1.7

B2B 49

B2B Foreign Exchange eCommerce Currencies 49

PYMNTS

SEPTEMBER 8, 2016

Times thousands of payments a day that find their way into the institution’s bank account. Off to the bank they go, and $60,000 is sent to the MIT account specified. As Frere pointed out, in many cases, the sender of funds doesn’t know how much it will cost them to convert their renminbi to dollars once they leave the bank.

Foreign Exchange 43

Foreign Exchange Currencies Valuation Accounting 43

PYMNTS

MARCH 1, 2016

Alternative finance, challenger banks and foreign exchange players collectively made up 46 percent of funding in the country, though none of these segments secured more than 20 percent of the backing. investments last year. investments last year. while alternative lenders are in the same boat. Corporate Venture Capital.

B2B 40

B2B Foreign Exchange Accounts Payable Startups 40

PYMNTS

AUGUST 3, 2016

Bank-to-bank transfers are one thing, but many consumers might want to transfer funds from a credit card rather than have to go to the trouble of opening a bank account. based company, has developed an app that allows money from a domestic bank account to be loaded onto a prepaid Mastercard. bank accounts.

Currencies 40

Currencies Foreign Exchange B2B Investments 40

PYMNTS

OCTOBER 4, 2019

Australia’s ANZ Bank led a $1.56 million investment round in commercial card startup DiviPay, reports said this week, via the bank’s venture capital unit ANZi. Non-bank financial company Clix Capital, based in India, announced a $40 million fundraise this week led by AION Capital, Inc42 reported. Clix Capital.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

PYMNTS

FEBRUARY 28, 2019

However, managing foreign exchange (FX) risk is part of the territory — and, as he told PYMNTS, a calculated approach to currency exposure is key. Businesses that set up operations, raise debt or make investments in other jurisdictions can experience devastating valuation shocks as exchange rates change.

Risk Management 53

Risk Management Currencies Foreign Exchange Forecasting 53

Barry Ritholtz

FEBRUARY 20, 2024

There are few people in the world who understand the interrelationships between central banks, the economy, and markets like Bill Dudley does this, this is just a master class in, in understanding all the factors that affect everything from the economy to inflation, to the labor market, the housing market, and of course, federal Reserve policy.

Treasury 59

Treasury Marketing Banking Economics 59