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Tracxn – Analyst Notes # 1289 – Payments

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Soonicorn Club

  • Soonicorn

    Paymark (2011, Auckland) – NZ-based card payment network
    Market: Payments > Payment Network > Card Network

  • Soonicorn

    ThreatMetrix (2005, San Jose, $84.5M) – Fraud prevention & context based authentication solution
    Market: Payments > Security > Authentication

Analyst Picks

  • LotusPay (2017, Bangalore, $120K) – Recurring payments solution for merchants
    Market: Payments > Payment Gateway > APIs > Direct Debit
  • AdvicePay (2016, Bozeman, $500K) – Payment gateway for financial advisors
    Market: Payments > Payment Gateway > Hosted Pages
  • Chargehound (2016, Oakland, $120K) – Automates chargebacks for merchants
    Market: Payments > Security > Chargeback Management
  • Twispay (2016, Bucharest) – API-linked payment gateway for merchants
    Market: Payments > Payment Gateway > APIs
  • Chippin (2016, Coventry) – Payment splitting solution for merchants
    Market: Payments > Alternate Payment Methods > Money Splitting Service

Funding Rounds

Series B, $74.6M
Ledger (2014, Paris, $83.1M) – The Bitcoin security company
Investors: Draper Esprit, Draper Venture Network, Draper Associates, Draper Dragon, Boost VC, FirstMark, Cathay Innovation, Korelya Capital, CapHorn Invest, Digital Currency Group

Series B, $30M
EBANX (2010, Curitiba, $30M) – Local payment processing solutions in LATAM
Investors: FTV Capital, Endeavor

Series B, $14.5M
Payworks (2012, Munich, $19M) – White label payment gateway and mPoS solutions
Investors: Visa, Speedinvest, CommerzVentures, finparx

Series D, $12M
Dwolla (2008, Des Moines, $51.3M) – Proprietary payment network of banks and white label gateway.
Investors: Foundry Group, Union Square Ventures, Next Level Ventures, Ludlow Ventures, High Alpha, Firebrand

Series C, $10M
Identity Mind Global (2011, Palo Alto, $11.8M) – Risk Management and AML for eCommerce & Virtual Currencies
Investors: Benhamou Global Ventures, Eastern Link Capital, Hanna Capital, Overstock

Series A, $4M
CreditStacks (2014, San Francisco, $4M) – Credit card for foreign employees in the US
Investors: Clear Future, Off the Grid Ventures, Saar Wilf, 500 Startups

Series A, $3.4M
Ourly (2015, York, $3.9M) – Money transfer tool for kids and parents

Seed, $2M
WeTravel (2014, San Francisco, $2M) – Online platform for organizing group trips

Investors: The House, Brett Wilson, 500 Startups, Amino Capital, Dorm Room Fund, Foundation Capital

Seed, $1.5M
PayVida (2012, Kelowna, $1.5M) – Payment solution provider

Investors: Victory Square Technologies

Conventional Debt, $1.4M
NetPay (2012, Southampton) – Payment gateway and processor

Investors: OakNorth

Seed, $1M
ProcessOut (2014, Paris, $2.1M) – Multiple payment gateway provider.

Investors: Francis Nappez, Benjamin Blasco, Amirhossein Malekzadeh, Techstars, 50 Partners, Amadeo Brenninkmeijer

Series A, $500K
Ourly (2015, York, $3.9M) – Money transfer tool for kids and parents

Seed
PayByGroup (2011, San Francisco, $3.4M) – Group payment checkout solution

Investors: Czar Ventures

Series A
Tender Armor (2015, Miami) – Fraud solution for payment cards

Investors: Barry Beck, Aubrey Strul

PE
Nayax (2005, Tel Aviv) – Cashless Payment Solutions

Investors: SafeCharge

M&A

  • American Express acquires chatbot firm Mezi Livemint
  • Relx acquires ThreatMetrix for $817M to ramp up in risk-based authentication mmotimes.com
  • American Express GBT buys HRG Buying Business Travel
  • ING to buy 75% stake in international card acquirer and payments platform PayvisionBanking Business Review
  • Silver Lake, P2 Capital to acquire Blackhawk in $3.5 bln deal Reuters
  • Ingenico Group To Buy Paymark For NZ$190 Mln RTTNews
  • Hong Kong Fund Acquires Chinese Mining Powerhouse BTCC profitmaker.tips
  • Vantiv and Worldpay Complete Combination to Form Worldpay, Inc. PR Newswire
  • Heidelpay buys mPAY24 PE Hub
  • Goldman Sachs Acquires Team Behind Credit Card Startup Final Fast Company

IPO

  • Brazil credit card processor Stone plans New York IPO Reuters
  • Airbnb and the road toward a long-awaited IPO ChinaTravelNews

New Product Announcement

  • ProcessOut chooses the best online payment service for each transaction TechCrunch
  • Rubique prepaid card launched Indiatimes
  • MYPINPAD launches ‘PIN on Mobile’ product MPES Bankless Media Inc
  • SafeCharge launches Reconciliation Manager Verdict
  • PayPal Here launches two new payment card readers Tamebay
  • Wirecard unveils new ePOS app Verdict
  • Watch out Costco — the Starbucks co-branded Visa is now available The Business Journals
  • Wirecard Becomes Payment Partner for Olympus’s Europe-wide Online Shop PR Newswire
  • WeTravel builds a group payment platform for small travel businesses theusafeed
  • KOBIL Systems launches PSD2-compliant IT security solution Institutional Asset Manager
  • Mastercard to launch QR code payment system in Indonesia Telecompaper

New Market Entry

  • Allied Wallet Enters New Markets with Visa Certification as an Acquiring Processing Service Provider Business Wire

New Geo Entry

  • Stripe will establish an engineering hub in Dublin theusafeed
  • Israel becomes the first Middle-East country to accept Alipay Finextra
  • FreedomPay Expands National Footprint to Meet Growing Demand for Its Award-Winning Commerce Platform Across the United States Business Wire
  • Puzzel expands into Finland with a new office in Helsinki ResponseSource
  • Santander to Roll Out Ripple-Powered App in 4 Countries CoinDesk
  • Davos to launch Alipay for Chinese visitors Fintech
  • myPOS ‘next-gen’ payment system launches in UK FStech
  • GHL starts Alipay services in Philippines TheSundaily

Business Partnership

  • Apple retail stores to accept Alipay mobile payments in China AppleInsider
  • Huawei and UnionPay to expand Huawei Pay to Russia Near Field Communications World
  • Paytm Mall Has Partnered With Red Tape To Open A Store Where Customers Shop Via Its App OfficeChai
  • Ripple Partners with LianLian International to Power Instant Payments to China Business Wire

Company Announcement

  • Stripe is ending support for bitcoin payments on April 23 TechCrunch

Earnings Release

Key People Movement

  • Coinbase hires a new VP of Operations to lead its customer service effort TechCrunch

Board Updates

  • Airbnb brings on American Express CEO to board of directors TechCrunch
  • Kenneth I. Chenault Joins Facebook Board of Directors PR Newswire

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