PalmPay launches in Nigeria on $40M round led by China’s Transsion

Africa focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed-round led by Chinese mobile-phone maker Transsion. The investment came

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Nigeria’s Interswitch confirms $1B valuation after Visa investment

Nigerian digital payments firm Interswitch confirmed today it has reached unicorn status after Visa acquired a minority equity stake in the firm. “The investment

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Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser and Olist

Sophia Wood Contributor Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC firm with offices in Latin America, Asia and

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Mobile banking app Current raises $20M Series B, tops half a million users

Mobile banking app Current, which began as a teen debit card controlled by parents, expanded to offer personal checking accounts earlier this year. Now

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Why each Libra member’s mutiny hurts Facebook

There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping

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PayPal is the first company to drop out of the Facebook-led Libra Association

PayPal is the first company to walk away from Facebook’s Libra cryptocurrency. PayPal’s decision to take its ball and go home was first reported

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Nyca Partners raises $210M to invest in fintech startups

Nyca Partners, a firm with investments in financial technology businesses including PayRange, Trellis, Affirm and Acorns, has collected another $210 million for its third

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Visa pitches a program offering fintechs faster market access through an ecosystem of partners

Visa is pitching a new way for startups in the fintech space to get to market faster by using its rails and a group

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