Remove tag fintech startups
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Today In Payments: New Funding Values Tink At $824 Million; Starbucks Shifts 45 Pct Of Stores Toward Drive-Thru, Order Ahead

PYMNTS

In today’s top news, FinTech startup Tink raised €85 million to bring its valuation to €680 million, and Starbucks plans to shift more toward drive-thru and online ordering. New Funding Values Swedish FinTech Startup Tink at $824 Million. Plus, Airbnb shares soared in its first day of trading.

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Intuit Buys Credit Karma For $7.1B

PYMNTS

Intuit closed a deal to buy Credit Karma for a price tag of $7.1 Lately, banks, payment processors, brokerage firms and others have been scrambling to acquire startups and companies considered disruptive or innovative in the field. billion to acquire Plaid, which helps fintech companies connect with customers’ bank accounts.

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

PYMNTS

With the advent of emerging FinTech startups, banks face some competition for payments. As a result, banks are investing in and engaging with FinTech startups to grow their customer base and their market share. banks by assets have made 81 deals with FinTech companies since 2012 — and more than $4 billion in funding.

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PayU Acquires Wibmo To Grow India Business

PYMNTS

The firm has also invested in FinTech startups. In a press release at the time, PayU said the price tag was undisclosed, but noted the deal supported the company’s expansion into high-growth markets. Beyond Wibmo, PayU bought Citrus Pay in 2016 for $130 million.

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How FinTech Helps SMBs Get A Grip On The Numbers

PYMNTS

Felix Rodriguez, founder and CEO of small business accounting and financial management startup Back Office , spoke with PYMNTS about some of the core functions of financial management that can crumble under the weight of accounting challenges. The firm secured $1.8 Marrying Tech With Accountants.

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The Dollars And Cents Of SME Finance

PYMNTS

The message is clear: Automated, digital FinTech solutions can help businesses and financial service providers save money. The latest research puts a price tag on the finances of better procurement, banking, cash management and innovation among small and medium-sized businesses. 139 billion could be saved by U.K.

Finance 40
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Big Plays Push Investments & RedKix Grabs $17 Million In Seed Funds

PYMNTS

When even the biggest name startups in the segment like Snapchat started reporting down rounds, the conventional wisdom started to shift to the idea that chat innovation had hit its peak and was now in decline. billion price tag represents a hefty profit for Apax, which bought Epicor for $1 billion.
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