Yoyo Wallet has been ranked by KPMG as one of the top 50 emerging companies in the global financial technology space. Yoyo’s U.S. expansion comes after a successful $10 million A round that has boosted Yoyo to become the fastest growing mobile wallet in the UK, processing up to 65% of checkouts across participating locations.
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.
San Francisco-based NerdWallet has elected Simon Williams to its board of directors after he ponied up a $5 million investment from his Camelot Financial Capital Management. The funding brings the company’s Series A funding to $69 million.
In today’s CardFlash News Que: CHECKALT (FinTech); ThreatMetrix (expansion); NCR (Billa); and FINGERPRINT (earnings).
MasterCard has launched a unique six-month partnership program for startups including Asia Pacific, Middle East, Africa and Latin America, as well as in Canada. Start Path Global builds on Start Path’s efforts over the past 18 months having provided a variety of operational support, partnership, or investment for over 40 startups developing the next generation of commerce solutions, including Nymi, ZenCard, BillHop and Gone.
Sweden-base mobile payments firm iZettle has raised 60 million euros ($67.79 million) as it expands beyond its core card reader business to launch a financing service giving clients access to capital through advances on future card sales.
Toronto-based GreenCoinX has formed an Advisory Board to assist in the further development of GreenCoinX, the world’s first identifiable crypto currency. GreenCoinX identifies users and facilitates the collection of user defined optional taxes by worldwide governments.
The MaRS Discovery District has formed a new strategic partnership with Interac and Acxsys, the organizations behind Interac, Canada’s leading payment brand.
Japan’s GMO Payment Gateway has invested US $1 million via the GMO Global Payment Fund to enhance its capital and business alliance with Neweb Technologies a major online payment service provider in Taiwan.
ThreatMetrix has named Armen Najarian as chief marketing officer. Najarian joins with more than 15 years of B2B and technology marketing experience, primarily with cloud-based software and data-driven solutions for the enterprise.
In today’s CardFlash News Que: BBVA (Destacame.cl); BLUEFIN (EchoSat); CORECARD (growth); and MASTERCARD (Rugby).
Japan’s Sumitomo Mitsui Banking has partnered with Plug and Play’s Financial Technology and Security Platform of Innovation. The strategic partnership between Sumitomo Mitsui Banking Corporation and Plug and Play FinTech will provide startups with the support they need to further transform the world of financial technology.