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News (805)

Stripe Hits ‘Staggering’ $22B Valuation with Boost from Tiger Global

Stripe, a digital payment company, has reached a $22.5 billion valuation after pulling in $100 million from Tiger Global Management. So reports CCN.

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2018 Was a Landmark Year for VC-backed Fintechs: CB Insights Report

According to research data provided by CB Insights, venture capital-backed fintechs raised $39.57 billion globally in 2018, setting a new record. So reports CNBC.

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Po.et CEO Heads Back to The Washington Post

Jarrod Dicker, the CEO of Po.et, a media monetization company, has accepted a role as the Washington Post’s Vice President of Commercial Technology and Development. So reports Coindesk.

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Apruve to Bolster Sales Team with $6M in Series A Funding

Fintech startup Apruve Inc., from Minneapolis, pulled in $6 million in Series A funding, with contributions from Cloud Apps Capital Partners, TTV Capital of Atlanta and Allegis Capital of Palo Alto. So reports The Star Tribune.

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Partnerships Take Limelight at World Economic Forum

Executives from Mastercard and PayPal discussed the benefits of bank and fintech partnerships at the World Economic Forum. So reports Business Insider.

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Square Could See Major Competition After First Data Buyout

In a move to likely give "heavyweights" like Square some real competition, fintech company Fiserv, which handles credit card swipes payments, bought rival First Data for $22 billion. So reports The Hustle.

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Shutdown's Impact Felt Far and Wide in New Banking Sector

U.S. FinTechs are feeling the impact of the partial government shutdown as deal-making has slowed and supervision has been impaired. So reports Roll Call.

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Snoop Dogg Gets in the FinTech Game with Klarna Investment

Snoop Dogg announced his investment into Swedish fintech Klarna with a new video that will double as the company’s advertising campaign. So reports Mobile Payments Today.

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Traditional Banks Look to Up Tech Game Amid FinTech Surge

Conventional banks are increasingly adopting new technologies in an effort to keep pace with emerging, "nimble" fintech companies. So reports the Nikkei Asian Review.

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Protean Risk’s New Insurance Product Targets Fintech Sector

Protean Risk, a fintech insurance broker, launched a new product specifically tailored to tackle “key operational risks” in the fintech sector. So reports Insurance Journal.

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