Lightspeed obtains dining establishment software business Upserve for $430M

Lightspeed obtains dining establishment software business Upserve for $430M

Lightspeed POS just revealed the acquisition of Upserve, broadening Lightspeed’s existence in the dining establishment industry. The company already uses cloud-based point-of-sale software for dining establishments and other services. It went public in Canada last year before recently debuting on the New York Stock Exchange and acquiring another point-of-sale business, ShopKeep, for$440 million. The Upserve acquisition is […]
, expanding Lightspeed’s presence in the restaurant industry. According to the announcement, Upserve brought in$40 million in earnings throughout the 12-month duration ending on September 30. The deal is also supposed to grow Lightspeed’s footprint by 7,000 places. …

Aiming to imitate Venmo, JoomPay preps a Euro launch for easy costs splitting and money payments

Aiming to imitate Venmo, JoomPay preps a Euro launch for easy costs splitting and money payments

JoomPay, a start-up with a similar product to PayPal-owned Venmo
in the U.S., is set to release in Europe soon after being given a Luxembourg Electronic Money Organization(EMI) license. The app enables individuals to get and send cash with anyone, quickly and for free. “Venmo me”
has become a common expression in the U.S., […]
, a start-up with a similar product to PayPal-owned Venmo in the U.S., is set to introduce in Europe shortly after being approved a Luxembourg Electronic Money Organization( EMI )license. Europe leads the world’s instant payments industry, with$18 trillion in worldwide volume predicted by 2025, up from$3 trillion in 2020– a growth of more than 500%. While Europe lacks simple peer-to-peer payments solutions such as Venmo or Square Cash App in the U.S., challenger banks have actually stepped up to supply comparable kinds of services., which has actually been downloaded 150 million times in Europe, has spun-off JoomPay to resolve this problem….

YC-backed Cashfree raises $35.3 million for its payments platform

YC-backed Cashfree raises $35.3 million for its payments platform

Cashfree, an Indian start-up that uses a wide-range of payments services to companies, has actually raised $35.3 million in a brand-new financing round as the successful company looks to broaden its offering. The Bangalore-based startup’s Series B was led by London-headquartered private equity company Apis Partners (which invested through its Development Fund II), with involvement from […] Akash Sinha and Reeju Datta, the creators of Cashfree, did not have any previous experience with payments. In the early days, Cashfree likewise struggled to court investors, numerous of whom did not think a payments processing firm could grow big– and do so quickly enough.”We still see payments as an evolving market with its own challenges and we would be investing in next-gen payments as well as banking tech to make payments processing simpler and more reputable. …

LA-based Credit Key raises $33 million for its business-to-business payments platform

LA-based Credit Key raises $33 million for its business-to-business payments platform

Giving small companies across the U.S. the buy-now pay-later design that transformed business like Klarna and Affirm into billion-dollar organizations has actually netted the payment and lending company Credit Secret another $33.85 million in funding. The Los Angeles-based company raised its newest cash from Greycroft, Bonfire Ventures, Loeb.nyc and other, concealed financiers, the business stated. […]…

Extra Crunch roundup: Inside DoorDash’s IPO, first-person creator stories, the most recent in fintech VC and more

Extra Crunch roundup: Inside DoorDash’s IPO, first-person creator stories, the most recent in fintech VC and more

One of my favorite series of Monty Python sketches is built around the concept of surprise: Chapman: I didn’t anticipate a sort of Spanish Inquisition. [JARRING CHORD] [Three cardinals burst in] Cardinal Ximénez: NOBODY expects the Spanish Inquisition! I was advised of this today when I required to reschedule a few stories so we might cover DoorDash’s S-1 […] Our all-hands-on-deck protection of DoorDash’s S-1 is a good illustration of Extra Crunch’s mission: prompt analysis of future and present innovation trends that serves creators and investors. The coronavirus pandemic looms large in DoorDash’s S-1 filing. Image Credits: Nigel Sussman (opens in a new window)Investors sent stacks of cash to late-stage fintech companies in Q3 2020, but these sizable large may might likewise to shrinking opportunities chances early-stage firms, reports Alex Wilhelm in this morningEarly morning edition of The Exchange.”Cutting out the commute time in a hectic city leaves founders with more time for workshops, mentor matchmaking, pitch practice and other essential sessions,” stated Fernandez. Image Credits: Nigel Sussman(opens in a new window)If you missed Missed out on’s The Exchange, Alex scoured searched revenues from PayPal and Square to see what the near future might may for several a number of startups currently waiting in the wings….

4 takeaways from fintech VC in Q3 2020 888011000 110888 The latest on insurtech, banking, wealth management and payments startups Alex Wilhelm 9 hours Fintech has actually been a crucial startup story in current quarters, with leading gamers in the genre raising titanic rounds at eye-popping appraisals. Consider business like Robinhood, and its legendary capital run this year on the back of big profits growth, or Chime, which also raised huge amounts while riding a tailwind provided by the savings and investing boom. The Exchange checks out start-ups , markets and money. Read it every early morning on Extra Crunch, or get The Exchange newsletter every Saturday. As you can think of, all those mega-deals have built up. According to information collected by CB Insights on the fintech space in the third quarter , 60 %of all capital raised by financial innovation start-ups originated from just 25 rounds worth$100 million or more. Contributing to the pattern of venture getting bigger– and later on as unicorns age without graduating to the public markets– the very same report kept in mind that fintech financial investment from$100 million rounds grew 24%compared to Q2, while financial investment in the space from smaller deals fell 16 %over the same timeframe. Total fintech offer volume dipped 24%compared to Q3 2019, amounting to 451 international offers. Dollars invested into fintech start-ups edged up when again to$10.631 billion, the biggest result hence far in 2020 and the second-best single-quarter tally given that mid-2018. Strangely, it was the bottom, along with the top of the market that did best. As we’ve seen, late-stage money streamed. Especially, the number of the smaller sized endeavor rounds, those marked seed or angel, grew by 20%compared to Q2 2020. Possibly the next crop of unicorns is being established? Inside the CB Insights information are a couple of trends worth digging into, including what’s going on with venture financial investment into payments-focused startups, how the IPO market may be impactinginsurtech investment, and how both wealth management startups like Robinhood and banking start-ups like Chime are faring as friends. The data is remarkable, so let’s get into the state of fintech investing today. Big trends, larger dollars We’re concentrated on 4 mega-trends today, but I wished to start point out that African fintech startups saw what seems their all-time record in offer count at 14. That was up from 11 in Q2 2020, and nine in Q1. I’m working to pay more attention to the African tech scene, and those numbers stood apart. As fintech deal count falls in the largest VC markets– North America, Europe, Asia– it is rising in Africa and Latin America, something to watch on. Via CB Insights, shared with permission. Now, into our 4 mega-trends. Payments Payments startups like Stripe and Finix get theirshare of headings, but they make up only a portion of the total volume of endeavor capital expense that their sector takes in. Per CB Insights, venture financial investment into payments startups ticked greater in Q3 2020, rising to$3.959 billion from$2.379 billion in Q22020, and$ 2.927 billion in Q3 2019. Aside from an anomalous last quarter in 2019, financial investment into payments-focused startups has actually been on a consistent incline for a long time. Why? PayPal incomes provide a partial description. As we reported the other day after the consumer payments giant reported its Q3 performance:

Fintech has been a key startup story in recent quarters, with leading players in the genre raising titanic rounds at eye-popping valuations. Consider companies like Robinhood, and its epic capital run this year on the back of huge revenue growth, or Chime, which also raised huge sums while riding a tailwind provided by the savings […] …

Adyen alumni raise EUR2.6 M seed to introduce Silverflow, a ‘cloud-native’ card payments processor

Adyen alumni raise EUR2.6 M seed to introduce Silverflow, a ‘cloud-native’ card payments processor

Silverflow, a Dutch start-up established by Adyen alumni, is breaking cover and announcing seed funding. The pre-launch business has actually invested the last 2 years building what it refers to as a”cloud-native”online card processor that directly links to card networks. The aim is to provide a modern replacement for the 20 to 40-year-old payments card […] The aim is to use a modern replacement for the 20 to 40-year-old payments card processing tech that is mainly in usage today. Continues de Vries:”Instead of managing an intricate network of acquirers throughout markets with lots of bank and card network connections to keep, Silverflow provides card-acquiring processing as a service that connects to card networks directly through an easy API “. Why hasn’t a cloud-native card processing platform like Silverflow been done before and why now?”Second, to build this successfully, you require to have previous knowledge of the card payments industry to browse all the legal, technical and regulative requirements. The pre-launch business has spent the last 2 years building what it describes as a”cloud-native”online card processor that straight connects to card networks….

Daily Crunch: Stripe acquires Nigeria’s Paystack

Daily Crunch: Stripe acquires Nigeria’s Paystack

Stripe makes a huge acquisition, Google rolls out search improvements and Snapchat adds a TikTok-y feature. This is your Daily Crunch for October 15, 2020. The huge story: Stripe acquires Nigeria’s Paystack Stripe has actually made its most significant acquisition to date. It revealed today that it purchased Paystack, a Lagos-headquartered startup that makes it easy to […] The Daily Crunch is TechCrunch’s roundup of our biggest and most crucial stories.

Stripe gets Nigeria’s Paystack for $200M+ to broaden into the African continent

Stripe gets Nigeria’s Paystack for $200M+ to broaden into the African continent

When Stripe revealed previously this year that it had picked up another$600 million in funding, it said one big factor for the funding was to broaden its API-based payments services into more geographies. Today the company is coming great on that plan in the type of some M & A. Stripe is acquiring Paystack, a start-up […]
Stripe believes on a longer time horizon than others due to the fact that we are a facilities business. Paystack had actually been on Stripe’s radar for some time previous to obtaining it. In the last a number of years, Stripe has made a number of financial investments into start-ups building innovation or services in areas where Stripe has yet to move.”A lot of companies have actually been, let’s say, greatly influenced by Stripe,”Collison said, raising his eyebrows a little. Stripe and Paystack delayed the original announcement in part because of the present situation in the country….

6 preferred Techstars startups ahead of its next rush of demonstration days

6 preferred Techstars startups ahead of its next rush of demonstration days

With TechCrunch Disrupt happening last month, I fell behind on viewing accelerator demo days. It’s time to remedy that oversight. In August and September, the Techstars network of start-up accelerators held demo days for various classes of startups, organized by either geographic place or focus. Kansas City, for instance, or area. The Exchange explores startups, […] The Exchange checks out start-ups, markets and cash. Prior to we leap in, this month Techstars has accomplices finishing from another 5 accelerators, including groups from LA, NYC, Atlanta and more. There will be no lack of start-ups to look at in brief order. …