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Urban FT Throws Digiliti Money a Life Raft

Digiliti Money may be able to breathe a bit easier with a new acquisition offer on the table after a tumultuous few weeks, including declining revenues, appointing an interim CEO and the Aug. 14 delay of its Q2 earnings report.


Digiliti Money Delays Earnings Report, Weighs Sale, Chapter 11

Instead of reporting its second-quarter earnings today, Digiliti Money Inc. plans to file for an extension with the SEC after its accounting firm flagged problems with its previous financial reports, the company announced Aug. 14.


Coinbase Joins Unicorn Club with $100 Million Funding, Partners with Fidelity

Digital currency wallet Coinbase has taken the leap to become a unicorn. The San Francisco-based company, which was one of the first to receive a BitLicense in New York, has received $100 million in Series D funding led by IVP.


TransferMate Adds New Hires amid U.S. Regulatory OK

TransferMate, a global B2B payments platform, announced the expansion of its senior management team following its achievement of full U.S. regulatory approval. 


Green Dot Reports Net Income Jump in Q2, Touts Fintech Deals, Acquires Secured Credit Portfolio

Green Dot Corp. reported strong numbers for the quarter ended June 30, 2017, including a 140 percent increase in GAAP net income to $19.3 million, up from $8.0 million over Q2 2016.


Vantiv, Worldpay Agree on $10.4 Billion Merger

Vantiv and Worldpay each reported double-digit profit growth on Aug. 9 and announced that their respective boards have agreed to an £8 billion (US$10.4 billion) merger. The combined company, which will be called Worldpay, will be valued at approximately £22.2 billion (US$28.8 billion). 


Digiliti Money Considers ‘Go-Forward’ Strategy amid Revenue Decline, Names Interim CEO

Minneapolis-based mobile fintech provider Digiliti Money is reducing expenses and considering its “go-forward strategy” in light of financial difficulties and the resignation of its Founder, Chairman and CEO, Jeffrey Mack.


Bread Raises Serious Dough for E-Commerce Installment Payments

Bread, a fintech startup that builds installment payment solutions for online merchants, has completed $126 million of equity and debt financing to expand its portfolio and bolster its engineering team.


Paysafe Agrees to Buyout of Nearly $4 Billion

Paysafe Group Plc has reached an agreement to be acquired for £2.96 billion (US$3.89 billion) by private-equity groups Blackstone Group LP and CVC Capital Partners, the online payments company said Aug. 4.


Banks Look to Immediate Payments to Drive Revenue

Banks are investing in immediate payments to drive revenue, while focusing their IT investments on fraud prevention and operational efficiency, according to new benchmark data from ACI Worldwide and London-based consultancy Ovum.