Lufax’ IPO, Lunar and Tipalti’s new funding, JPMorgan Chase’s mPOS

Plant with money bills on it being watered
Plant with money bills on it being watered
Image by mohamed Hassan from Pixabay

Without further ado, here’s my latest fintech roundup.

Lufax’ US IPO

The Shanghai-based firm is now seeking a $2.36 billion IPO on the New York Stock Exchange. Yes, despite the current Sino-American “trade war”, the US is still an attractive place to go public for Chinese companies.

Lunar closes Series C round

Interestingly, the company has financial products for teenagers ages 15 to 17 (somewhat reminiscent of Greenlight in the US).

The company recently secured €40 million through a Series C funding round and intends to enter the “buy now, pay later” market (think Klarna and Affirm, two heavyweights in such field).

Tipalti secures $150 million, significant valuation

This year, Tipalti has exceeded $12 billion in annual transaction volume and ended Q2 2020 at an over 80 percent growth rate versus Q2 2019.

JPMorgan Chase enters the mPOS market

JPMorgan Chase’s “Business Complete Banking account” includes “QuickAccept”, a built-in feature which allows US merchants to take card payments in minutes and have funds available the same day.

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Founder of Nuadox | Tech & Innovation Commentator | Digital Strategist | MTL | More about me>

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