MasterCard says the new startups comprising the first global Start Path class, include British AI business, Rainbird. During the six-month program, participants will obtain mentoring from MasterCard experts, access to the company’s commercial partners and the opportunity to integrate with MasterCard products and tools.
CardWeb.com’s CardData database of Company Profiles today features COGNICAL a/k/a Zibby
In today’s CardFlash News Que: CHASE (Epcot); EXPENSIFY (Ventures); NBHC (FIS) and CSI (ReactorNet).
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Ronald Herman, Founder/Chairman & CEO of Sionic Mobile.
FICO TRIAD, a cloud-based version of its account management solution is now available as a hosted solution on the FICO Analytic Cloud. With FICO TRIAD Cloud Edition, credit grantors can test, automate and improve decisions for credit and debit cards, deposit accounts, loans, auto financing and other credit products.
MasterCard has teamed with Silicon Valley Bank to encourage startups doing business in the USA to apply for Commerce.Innovated. The program helps commerce-focused startups grow their businesses.
Kohli Ventures acquired Dynacart Solutions payments processing company. The Group has acquired the Dynacart equity previously owned by a major investment management house in Liechtenstein; following this transaction, Kohli Ventures owns the entire issued and to be issued share capital of the business. Kohli Ventures had first invested in Dynacart in 2011 after being attracted by its potential to act as a disruptor in the payments industry through its easy-to-use and secure payments gateway solution. Dynacart offers easy and secure online payment processing products for merchants to accept payments online, connecting customers with international banks and financial institutions to facilitate electronic transactions – users simply embed snippets of code on the website of any online store.
Braintree is building and democratizing access to the most sophisticated payment tools, so that innovators and developers around the world can build the next 99designs, Hailo and Rovio. Companies based outside the US are an important part of Braintree’s client base with international transactions accounting for more than a third of Braintree’s authorized payment volume. In an effort to help support innovation globally, the company is letting users Pay with PayPal feature through the Braintree v.zero SDK for our international merchants, beginning with Australia, Canada, France, Germany, Sweden and the UK. They are introducing the rollout of v.zero in these core markets and working to make all of the SDK features available for our tens of thousands of customers across the more than 40 countries we serve globally.
Bitbond bitcoin P2P lending announced its seed funding round led by prominent European early-stage VC Point Nine Capital. Bitbond’s peer-to-peer bitcoin lending platform lowers the barriers for small businesses to receive financing. Bitbond will use the seed funding round to build a team of programmers, enhance the functionality of its platform and intensify its marketing activities. The funding round marks Point Nine Capital’s first investment in a bitcoin startup and its confidence in the world’s largest crypto-currency. The Berlin-based VC specialises in investing in SaaS startups and digital marketplaces. By connecting borrowers and lenders directly, borrowers receive loans at affordable interest rates, while lenders gain higher interest rates compared to other fixed income asset classes.
Braintree v.zero SDK foundation for accepting payments is now available with customizable drop-in UI features across platforms, and for the first time enables Pay with PayPal. And though we’re offering so much more in our new v.zero SDK — we’ve made it even easier to integrate. With the new Braintree v.zero SDK, developers can set up payments and be up and running within 15 minutes (or less), while maintaining full control of their user experience. The Braintree v.zero SDK features Pay with PayPal options, a fully optimized Drop-in UI, and is built to stand the test of time – any future feature updates will be simple to add so businesses always have easy access to the best-in-class platform and latest features.
BitFury Group, the leading Bitcoin infrastructure provider, announced it is launching “BitFury Capital”: a seed investment fund. The fund will leverage BitFury’s leading position in bitcoin and cryptocurrency infrastructure to accelerate other parts of the ecosystem through strategic partnerships, and expansion into adjacent business opportunities.
MasterCard and Silicon Valley Bank are inviting startups from across North America to apply for a position in the Commerce.Innovated. class. In the four-month Commerce.Innovated. program, participating startups receive access to industry expertise across the commerce space from selected MasterCard and Silicon Valley Bank executives and partners. Participants must be focused on an innovative commerce solution; have assembled a strong, small core team; activated a beta of their solution, that projects to generate revenue in the next 6 months; and have secured or raising seed funding, with plans to raise Series A.