VISA’s LATAM push, DriveWealth’s Series C, new BNPL acquisition

Picture of exotic bird
Picture of exotic bird
Image by Katrina_S from Pixabay

Another day, another fintech roundup by yours truly.

VISA agrees to acquire YellowPepper

The YellowPepper platform offers a set of APIs that enables issuers, processors and governments to “quickly and securely access multiple payment rails for many payment flows through one single connection”.

Financials around the acquisition were not disclosed.

DriveWealth secures $56.7 million Series C

DriveWealth’s framework allows its partners to deliver “embedded investment experiences”.

For instance, DriveWealth’s real time dollar-based investing features can be accessed directly on partners’ mobile applications. Consequently, the company allows global online brokers, digital advisors and mobile online financial services companies, to “seamlessly access the U.S. securities market”.

DriveWealth works with fintechs such as Hatch, Revolut, Stake, and Moneylion to offer access to the US equities market to millions of retail investors in 153 countries. In the past year, DriveWealth has also expanded into the HSA space and partnered with Access Softek to bring its offering to community banks as well as credit unions.

Alliance Data to buy BNPL company Bread

The transaction is valued at approximately $450 million.

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

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