Another day, another fintech roundup by yours truly.
VISA agrees to acquire YellowPepper
On Tuesday, Visa Inc announced it has signed an agreement to acquire YellowPepper, a fintech company with proprietary technology and partnerships supporting financial institutions and startups in Latin America and the Caribbean.
Visa to Acquire YellowPepper
MIAMI--()--Visa Inc. (NYSE: V) today announced it has signed a definitive agreement to acquire YellowPepper, a fintech…
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 lands $56.7 million Series C funding round to bolster technology, support acquisition…
CHATHAM, N.J., October 27, 2020 - DriveWealth, LLC, a U.S.-based leader in global digital trading technology, today…
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
Alliance Data Systems Corp. (also known as ADS), a provider of “data-driven marketing, loyalty and payment solutions”, stated on Thursday it has agreed to acquire New York-based Bread, a payments company that partners with retailers to offer “Buy Now Pay Later” (BNPL) options.
Alliance Data To Acquire Digital Payments Company Bread For About $450 Mln - Quick Facts
(RTTNews) - Alliance Data Systems Corp. (ADS), a provider of data-driven marketing, loyalty and payment solutions, said…
The transaction is valued at approximately $450 million.