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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B

PYMNTS

has secured $80 million in new funding at a $5.5 Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. London startup mobile bank Revolut Ltd. billion valuation as part of its Series D round that kicked off five months ago.

Startups 102
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FinTechs Expand Open Banking Opportunity For Banks

PYMNTS

German banking platform Mambu has announced a collaboration with TransferWise to enhance banks’ cross-border payments and foreign exchange management operations, the companies recently revealed. FAB Teams Up For Digital Invoicing. TransferWise Integrates With Mambu.

Banking 95
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Citi: Healing Broken PPE Supply Chains With Streamlined Cross Border Payments

PYMNTS

to China within only a few hours in order to secure a PPE shipment for healthcare providers. She and a group of volunteers are working to facilitate the procurement of PPE from that distributor for Boston-area hospitals, and so far have secured 1.4 The ability to quickly, securely and efficiently move funds within a day from the U.S.

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Expense Management Digs Deeper Into Corporate Ground Transit

PYMNTS

The latest stats from travel and expense company Certify revealed that Uber secured 56 percent of ground transportation expenses for Certify customers in 2017, up from 52 percent in 2016. Businesses need options when it comes to ground travel, Mac recently told PYMNTS.

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What Payments Players Had To Say About Innovating Payments In A Pandemic

PYMNTS

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. JPMorgan: Real-Time Treasury A Key Driver Of Corporate’s Loyalty. According to J.P.

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B2B eCommerce Tips The VC Scales

PYMNTS

Positioned as a non-bank small business lender, California’s ForwardLine Financial secured $20 million in growth capita, reports said this week, with investors at Five Oceans Capital and Marisco Enterprises leading the fundraise. SaaSOptics said it will deploy the funding to invest in engineering and product management. Clix Capital.

B2B 51