A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – PAYMENTS
- TIO Networks, a multi-channel bill payment processor, was acquired by PayPal for $232M. Link
- UniRush, a general purpose prepaid card issuer, was acquired by GreenDot for $167M. Link
- Paycorp, a merchant acquirer processor and payment solutions provider, was acquired by MYOB for $48M. Link
- TechProcess Payment Services, an India-based payment gateway provider, was acquired by Ingenico. Link
- Payline, a payment processing solutions provider, secured $5M funding from Recurring Capital Partners and other investors. Link
- Swyp, a multi-card storage solutions provider, secured $5M in Series A funding round led by Khosla Ventures. Link
- Zwipe, a fingerprint authentication based contactless card solution provider, secured $4.3M funding. Link
- LatiPay, a cross-border payment gateway provider, secured $3M in Series A funding round led by Jubilee Capital Management, with participation from Tuhua Fund and Zino Fund. Link
- Rippleshot, a card-fraud protection company, secured $2.6M funding from KDWC, with participation from CMFG Ventures. Link
- Amex will launch the B2B platform in India to help businesses pay their suppliers on time while still extending their capital float. Link
- IBM and Visa join forces to turn billions of connected devices into points of sale. Link
- DigixGlobal, an Ethereum tokenization startup, has partnered with Monolith to produce a new version of the world’s first gold-backed Blockchain debit card. Link
- Santander has become the first bank in the UK to launch voice-powered payments services. Link
SOME INTERESTING STARTUPS FOUND
Oblingo (2016, Jerusalem) – An AI-based micropayment platform for digital content.
LEADER BOARD – PAYMENTS
Payment Gateway
Safecharge (2006, British Virgin Islands, IPO) – A customized payment acceptance portal for merchants. Went public in 2014.
Stripe (2010, SF, $466M) – A merchant acquirer and a payment gateway API provider for web and mobile payments. Backed by Y Combinator, American Express, VISA, Redpoint Ventures, Andreessen Horowitz, Salesforce, Morgan Stanley, Sequoia Capital, SV Angel, Khosla Ventures, Goldman Sachs, Founders Fund, KPCB, General Catalyst Partners, Thrive Capital, Lowercase Capital, Allen & Company, JPMorgan Chase & Co., Alven Capital, TrueBridge Capital Partners, Entree Capital, Square Peg Capital, Golden Gate Ventures, Playfair Capital, Barclays, Designer Fund, Sumitomo Mitsui Financial Group, Darwin Ventures, BoxGroup, Google Capital.
Clear2Pay (2001, Brussels, $127M, Acq.) – Provider of payment solutions to financial institutions. Also provides white label remittance services. Acquired by Fidelity Information Services in September 2014 for $493M.
Acquirer Processor
First Data Corporation (1971, Atlanta, Acq, IPO) – A global payments service provider specializing in merchant transaction processing, private label cards and e-check acceptance services. Was acquired by KKR in 2007 for $27.5B. Went public in October 2015.
Vantiv (1971, Cincinnati, IPO) – An electronic payment processor,
WorldPay (1993, London, IPO) – A London-based payment processin
Total System Services (1982, Columbus (Georgia), IPO) – A merchant acquirer and white label prepaid card solutions provider. Went public in 1983.
Adyen (2006, Amsterdam, $266M) – An internet-first merchant acquirer and omnichannel payment solutions provider. Backed by General Atlantic, Index Ventures, Felicis Ventures, Temasek, Iconiq Capital.
Payment Network
VISA (1958, Foster City, IPO) – An association of banks and other financial institutions, which facilitates card payment transactions. Went public in 2008.
MasterCard (1966, Purchase, IPO) – An interbank association facilitating card payments. Went public in 2006.
Vocalink (2007, Rickmansworth, $114M, Acq.) – A UK-based ATM switching platform and interbank network. Aquired by MasterCard for £700M ($926M) in July 2016.
Ripple (2012, SF, $90.5M) – An open source, decentralized protocol to provide real time cross border payments and settlements. Backed by Standard Chartered, AME Cloud Ventures, Seagate, CME Group, IDG Capital Partners, RRE Ventures, Venture 51, Core VC, ChinaRock Capital Management, SBI Holdings, Route 66 Ventures, Camp One Ventures, Blockchain Capital, Santander InnoVentures, Digital Currency Group, SCB Digital Ventures.
PoS Suite
VeriFone (1981, San Jose, IPO) – Provides all kinds of PoS devices, along with a payment gateway. Went public in 2005.
Ingenico Group (1980, Paris, IPO) – A payment processing service provider specializing in NFC enabled PoS terminals, gateways and cross-border e-commerce solutions. Went public in 1985.
Wallet
PayPal (1998, San Jose, Acq., IPO) – An online payment and money transfer service, offering payment gateway, merchant accounts and wallet solutions. Acquired by eBay in July 2002 for $1.5B. Went public in July 2015.
Mozido (2008, Austin, $288.5M) – A white label web and mobile wallet solutions provider. Backed by MasterCard, TomorrowVentures, Atlanticus, Brentwood Associates, Wellington Management, Quabbin Capital.
Dashlane (2009, NYC, $52.5M) – A fully-featured password manager and secure digital wallet app. Backed by Bessemer Venture Partners, FirstMark Capital, Rho Ventures, TransUnion, FinTech Innovation Lab.
Xapo (2012, Palo Alto, $40M) – A bitcoin wallet provider with cold storage facility. Backed by Greylock Partners, Index Ventures, Benchmark, Fortress Investment Group, Ribbit Capital.
Alternate Payment Methods
PayNearMe (2009, Sunnyvale (CA), $90M) – Provides offline payment services for online solutions. Backed by Khosla Ventures, Maveron, True Ventures, GSV Capital, Kapor Capital, Bullpen Capital, Floodgate, August Capital, Fenwick & West, Endeavour Partners.
TrialPay (2006, Mountain View, $56M, Acq.) – Enables merchants to offer free action based rewards to their customers. Acquired by VISA in February 2015 for an undisclosed amount.
Security
Kount (2007, Boise, $80M) – A SAAS based fraud prevention service provider for card-not-present transactions. Backed by CVC Capital Partners.
ThreatMetrix (2005, San Jose, $92M) – A payment fraud prevention service and context-based authentication solution provider. Backed by US Venture Partners, Silicon Valley Bank, Adams Street Partners, Tenaya Capital, August Capital, Technology Venture Partners, In-Q-Tel, Talu Ventures.
Ethoca (2005, Toronto, $45M) – A secure network for card issuers and merchants to connect and work outside the payment network. Backed by Spectrum Equity.
Enablers
Fidelity Information Services (1968, Jacksnville, IPO) – PCI Compliance, technology outsourcing and other payment security and back-end solutions for businesses and Financial Institutions. Went public in June 2001.
Trustwave (1995, Chicago, $60M, Acq.) – Provides cloud-based enterprise security solutions for threat detection, prevention & risk mitigation, including PCI compliance. Acquired by Singtel in September 2015 for $770M.
B2B Payments
GlobalCollect (1994, Netherlands, Acq.) – An international B2B money transfer and payment gateway service provider. Acquired by Ingenico in September 2014 for $1.1B.
Viewpost (2012, Maitland, $79M) – e-Invoice exchange and electronic payment solutions provider. Backed by Western Technology Investment.
Payment Cards
Green Dot Corporation (1999, Monrovia (CA), IPO) – Reloadable prepaid card provider. Went public in 2010.
BlackHawk Network (2001, Pleasanton (CA), IPO) – Provider of white-label solutions for merchants and corporates. Also provides a marketplace for branded retail gift cards and reloading services for third-party prepaid cards. Went public in 2013.
Nubank Brasil (2013, Sao Paulo, $178M) – A MasterCard flagged credit card with mobile app. Backed by Sequoia Capital, Goldman Sachs, Founders Fund, QED Investors, Tiger Global Management, DST Global, Kaszek Ventures.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest updates visit Payments feed.