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Finance and Strategy

09.28.17

Pindrop Releases ‘Next-Gen’ Phoneprinting with Machine-Learning Might

Pindrop, an Atlanta-based voice security and authentication firm, says its latest technology release is improving clarity and accuracy and increasing fraud detection by 20 percent.

09.25.17

Cashplus Expands with £30 Million Debt Facilities Led by RBS

Cashplus, a London-based alternative financial services provider—and Top 5 Best Challenger Bank—has announced two new, three-year funding arrangements totaling £30 million (US$40.52 million). The company will use the credit to expand its lending products for SMEs.

09.25.17

P2P Lender Prosper’s Valuation Stands at $550 Million with New Round

U.S. peer-to-peer lending firm Prosper has landed $50 million in a Series G funding round from Hong Kong-based FinEx Asia and LPG Capital, raising the San Francisco-based company’s total equity funding to $410 million.

09.25.17

American Private Equity Firm Makes $5.3 Billion offer for Nets

American investors want to scoop up Nordic payments processor Nets to “help Nets remain competitive in this increasingly challenging and consolidating environment.’

09.22.17

Digiliti Money Plans to Delist from Nasdaq

Digiliti Money (DGLT), which is in merger negotiations with Urban FT, is planning to delist from the Nasdaq, according to its most recent SEC filing.

09.19.17

Raise Pulls in $60 Million in Funding, PayPal Joins Party

Raise, which bills itself as the world’s largest gift card marketplace, has raised $60 million in a Series C funding round led by Accel, with participation from PayPal and existing investors New Enterprise Associates and Bessemer Venture Partners.

09.13.17

Digiliti Money Filing Reveals Deal Progress

Digiliti Money (DGLT) may have gotten knocked down, but it’s not out. And neither is a revised bid from prospective buyer Urban FT.

09.11.17

Collinson Group Buys Linkable Networks Platform to Expand in U.S.

Another day, another acquisition—this time with a focus on card-linked offers. London-based Collinson Group, on Sept. 8 announced it’s purchasing “a number of assets” from Boston-based Linkable Networks, including Linkable’s card-linked-offers platform.

09.08.17

Petal Uses Machine Learning to Underwrite Credit without Credit Score

After two years of stealth technology development and $3.6 million in venture capital backing, New York City-based Petal has announced a credit card that uses machine learning to underwrite customers instead of traditional credit scores.

09.08.17

Epipoli Acquires Social Shopping Company

Epipoli, the Pay Award-winning Italian gift card distributor with a network of 50,000 stores, has acquired 100 percent of social shopping and offers company Groupalia from entrepreneur Andrea Gualtieri.