Daily Fintech Newsletter | Apr. 18th
Hi!
In case you missed it, please see below today's most relevant fintech news.
Top VCs increasingly want to invest in earlier rounds. Sequoia Capital recently closed a $195M seed fund. Last year, Kleiner Perkins raised a $700M fund to invest in early-stage companies. Not to be outdone, the hedge fund Coatue Management also closed a $700M early-stage fund. It’s easy to see why: Q4 2020 was the best quarter ever for early-stage startups in terms of markups. With more top VCs investing at seed, angel investors now have a clearer signal on which seed deals are the “best." Right? Not necessarily…Find out why here.
OZON.ru Holdings PLC, a leading Russian e-commerce platform, announces that Ozon has entered into a sale and purchase agreement to acquire OneyBank LLC. Link here.
Digital payments expert PayPoint plc has completed the acquisition of RSM 2000 Ltd, a leading provider of innovative digital payment services. Link here.
Javier Perez, the former president of Mastercard Europe, has invested €8 million in Danish fintech Cardlay A/S through his Global PayTech Ventures fund. Link here.
Belfast-based fintech company loyalBe has secured $1m investment in an oversubscribed funding round led by Techstart Ventures LLP with support from Co-Fund NI and angels. Link here.
The foreign exchange company Travelex has partnered with the global payments platform NIUM to extend digital remittance services to their users. Link here.
MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, announced a partnership with Sigue Corporation, a leading U.S. based transnational P2P and B2B payment company. Link here.
Football star Louis Saha knows a thing or two about partnerships on the pitch. But what about in business? Link here.
This ends my Daily Fintech Newsletter. Let me know if there are any questions or news/insights worth mentioning in the next newsletter. Until the next!
Regards,
Marcel van Oost
marcelvanoost.com
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