Stripe agrees to buy Recko

The payments fintech giant is buying Bangalore-based Recko to add more accounting capabilities to its quiver of financial tools for businesses. 

By Lynne Marek • Oct. 20, 2021

Fiserv expands restaurant reach with BentoBox purchase

The global payments processor said it would buy BentoBox to expand the reach of its Clover unit in servicing restaurants.

By Lynne Marek • Oct. 18, 2021

Billtrust makes $58M acquisition in Europe

The business-to-business software company aims to attract more European clients with the purchase of collections management software firm iController.

By Tatiana Walk-Morris • Oct. 15, 2021

AvidXchange's IPO swells to $660M

The debut offering from the payments software firm AvidXchange ballooned this week when the company sold more shares than previously expected at top dollar.

By Lynne Marek • Updated Oct. 14, 2021

Andreessen Horowitz poaches Facebook digital wallet execs

Two executives who had been working on the Novi wallet project backed by Facebook will pivot to crypto investing for Andreessen Horowitz.

By Dan Ennis • Oct. 13, 2021

Cross-border payments competition heats up

Three bank-backed payments companies are attempting to increase the speed of cross-border payments, jumping into an arena teeming with fintech rivals. 

By Lynne Marek • Oct. 12, 2021

Paytech firms outside US gain ground

Payment technology companies based outside the U.S. were big venture capital winners during the third quarter as funding soared to a new record, according to a report from research firm CB Insights. 

By Lynne Marek • Oct. 11, 2021

Affirm, Sezzle buy now-pay later options arrive at Target

As the holiday season nears, the big retailer has tapped BNPL providers Sezzle and Affirm to give consumers more payment choices. The BNPL players are building their US profiles by gathering in more partners.

By Tatiana Walk-Morris • Oct. 8, 2021

Payment tech lifts construction venture funding

New venture funding for Built Technologies, which provides finance and payment tech for the construction industry, contributed to contech firms attracting $2.1 billion this year, a Construction Dive analysis has found.

By Sebastian Obando • Oct. 8, 2021

Rich payment startups target B2B market

Veem and Melio are among the fintechs bulging with new capital and taking aim at the small and mid-sized end of the trillion-dollar business-to-business payments market.

By Lynne Marek • Oct. 4, 2021

Fiserv to create New Jersey corporate tech hub

The Wisconsin-based payments giant will invest $105 million in the new Berkeley Heights corporate campus where it expects to employ about 3,000 workers.

By Tatiana Walk-Morris • Sept. 30, 2021

NovoPayment sets sights on US market

NovoPayment expects to land its first venture investment soon, just as it's extending its Latin American-focused financial services software business into the U.S.

By Lynne Marek • Sept. 8, 2021

How Square's Afterpay purchase advances its small-business banking goals

Square is "going to turn to all their small-business users and they're going to say, 'We're helping you with accounts receivable and now we can help you with accounts payable,'" says one analyst.

By Anna Hrushka • Aug. 18, 2021

Paymentus agrees to acquire Payveris for $152M

With the acquisition, Paymentus will expand its bill payment network and increase annual net revenue about 25 percent.

By Lynne Marek • Aug. 11, 2021

Synctera partners with Mastercard, Marqeta

Synctera’s new partners will help community banks work with fintechs on new debit card-issuing programs.

By Wendy Cole • Aug. 6, 2021

Klarna acquires Apprl to boost retail marketing

By absorbing Apprl, Klarna will be better able to help retailers create social shopping content and track related sales.

By Tatiana Walk-Morris • Aug. 2, 2021

Fiserv, Goldman strike pact on cross-border payments

Fiserv and Goldman Sachs have agreed to team up on offering cross-border payments in the first phase of a broader payments tie.  

By Lynne Marek • July 27, 2021

Rapyd buys Valitor in $100M deal

Rapyd tapped its venture capital hoard for the acquisition of Volitar, an Icelandic company that will become its European hub.

By Lynne Marek • July 2, 2021

Automating invoices becomes a hot payments play

When the COVID-19 pandemic shifted work to employees' homes, businesses realized they needed a different solution for their check-cutting operations.

By Lynne Marek • July 1, 2021

PayPal to increase merchant fees in August

The company said it's planning to raise some U.S. transaction fees despite a crowd of competitors angling to lure merchants and consumers to alternative payment services. At the same time, it said it would cut a handful of other fees.

By Lynne Marek • June 20, 2021

Goldman Sachs taps Visa for cross-border payment upgrade

The global investment bank is aiming to streamline and enhance cross-border payments for its clients by signing on for Visa's cross-border programs.

By Lynne Marek • June 7, 2021

Mastercard invests in fledgling fintech Synctera

San Francisco-based Synctera, only six months old, draws $33 million from a pack of investors as it takes on the role of matchmaker between small banks and fintechs.

By Lynne Marek • June 3, 2021

SpotOn raises $125M to keep up battle against Toast, Square

"We're always looking for companies to partner with or acquire," said SpotOn Co-CEO Zach Hyman. "It's always a question of build versus buy."

By Lynne Marek • June 1, 2021

Parthenon Capital, Tiger Global fuel payments sector 'boom'

Competition among firms to invest in payment industry companies is driving up fundraising amounts and valuations.

By Lynne Marek • May 28, 2021

Visa expands reach of fintech partnership program

The card network behemoth is doing its part to help banks connect with fintechs that it believes can help bring more business to all the companies moving money through the system.

By Lynne Marek • May 26, 2021