A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – PAYMENTS
- Dimebox, a white-label payment API processing solution for PSPs, acquirers and Banks, raised €5M ($5.2M) funding in a Series A round from BillPro Group. Link
- Emergent Payments, a payment gateway services provider for the gaming and media industry, raised $5M funding from Responsible Gold Holdings and existing investors. Link
- Smyte, a machine learning and classification engine based fraud detection engine, raised $4M funding in a Series A round led by Avalon Ventures, with participation from Baseline Ventures, Founder Collective, Harrison Metal, Upside Partnership, Y Combinator. Link
- Airpay, a payment gateway and mPoS solutions provider, raised $3.67M funding in a Series A found from Kalaari Capital and other angel investors. Link
- Rippleshot, a Big data analytics based card fraud detection solution provider, raised an undisclosed amount of funding from Innovate Indiana Fund. Link
- MyGate, a payment gateway provider, was acquierd by Wirecard for $25M. Link
- Acculynk, a white label payment gateway provider, was acquired by First Data for an undisclosed amount. Link
- Google has launched a new P2P payment feature to its Gmail Android app. Link
- Wirecard has completed the acquisition of Citi Prepaid Card Services. Link
SOME INTERESTING STARTUPS FOUND
Sign’Buy (2016, Israel) – A biometric authentication technology solution for banks and payment card issuers.
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 interbanknetwork. 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, offeringpayment gatew
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.
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