Goldman Sachs-backed payments startup Marqeta prepares for IPO
Reuters Marqeta Inc, the U.S. payment card issuing start-up whose investors include Goldman Sachs Group Inc, is seeking to hire investment banks to advise on a potential initial public offering (IPO), according to people familiar »
Marqeta Eyes IPO, Doubles Valuation in May to $4.3B
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What is My Multiple? Finding Clarity in the Chaos of Merchant Portfolio Deals
Determining the true value and multiple of a merchant portfolio is not a simple task, especially in a world filled with such uncertainty. COVID-19 has had a direct impact on valuations and multiples, from both buyer’s »
MercadoLibre Tops $50 Billion in Value Amid E-Commerce Boost
Bloomberg Shares of Latin America’s largest e-commerce marketplace MercadoLibre Inc. climbed above $1,000 for the first time as online sales surge in the region amid the coronavirus pandemic. Up 78% this year, MercadoLibre has benefited »
European Banks Look to Take on V/MA
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Wix Launches Extended eCommerce Solution
Wix The new Wix eCommerce solution provides merchants, entrepreneurs and retail brands of all sizes must-have features like customizable branded storefronts and carts, multi-channel sales, hassle-free dropshipping, native payment processing at competitive rates with Wix Payments, professional analytics and »
SMBs in a Pandemic World: The Race to Reopen
The Strawhecker Group (TSG), in collaboration with the Electronic Transactions Association (ETA), is pleased to share findings from a recently conducted survey of small to medium sized businesses (SMBs) in the U.S. market. This is »
TSG in The Wall Street Journal: Casinos Consider Cashless Gambling to Fight Coronavirus
The Nevada Gaming Commission, which oversees casinos, on Thursday approved rule changes that clear the way for wider use of cashless wagering in casinos. The American Gaming Association, an industry trade group, this month gave »
TransactionWatch – Week of June 22nd – June 26th
Click here to read TransactionWatch | Subscribe to TransactionWatch This Week’s M&A Overview The ongoing battle between Mastercard and Visa continued to take shape this week with Mastercard’s announcement to acquire Finicity for a total consideration of $985 »
Paysafe’s U.S. Acquiring Division Appoints CEO
Click here to view NewsFilter. The post Paysafe’s U.S. Acquiring Division Appoints CEO appeared first on The Strawhecker Group. »
Newest Payments Industry Primers Now Available
TSG has released its newest Payments Industry 101, 201 and 301 eReports. Providing a comprehensive understanding of the payments industry, TSG’s primers give readers the necessary tools to educate new hires, or serve as a »
Square, Jack Dorsey’s Pay Service, Is Withholding Money Merchants Say They Need
The New York Times Thousands of small enterprises that use Square to process their credit card transactions — including plumbers, legal consultants and construction firms — have complained that the company recently began holding back »
Checkout.com triples valuation to $5.5 billion, making it one of Europe’s top fintechs
CNBC Online payments start-up Checkout.com has raised $150 million in funding at a $5.5 billion valuation — nearly three times what it was worth when it last raised cash. Founded in 2012, the London-based company »
TransactionWatch – Week of June 15th – June 19th
Click here to read TransactionWatch | Subscribe to TransactionWatch This Week’s M&A Overview M&A activity within the payments ecosystem is showing signs of improvement as several new deals were announced this past week. As the global economy continues »
Wirecard’s Missing Billions, CEO Resigns
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TSG Commentary: COVID-19 – What a Difference Eight Weeks Makes
What we’ve heard from merchant acquirers (and it seems to be positive…) By Kurt Strawhecker In early April, TSG published commentary on the impact of the COVID-19 crisis on merchant acquirers. Two months ago, we »
COVID-19 Resources Round-Up
Over the last three months TSG has released a variety of COVID-19 content to highlight the impact to the payments industry. See below for a collection of resources from articles to infographics. Feel free to »
TransactionWatch – Week of June 8th – June 12th
Click here to read TransactionWatch | Subscribe to TransactionWatch This Week’s M&A Overview As consumer and merchant behaviors continue to shift due to the COVID-19 impact, payment entities are seeking opportunities that will enhance their digital footprint. Market »
iBanFirst raises $23.8 million for its borderless financial services
TechCrunch iBanFirst lets you pay suppliers and get paid by clients all around the world in dozens of currencies. The French startup has raised a $23.8 million (€21 million) Series C round from Elaia and Bpifrance’s »
Confessions of a SMB During COVID-19: Swimtastic (MCC 7299)
The Confessions of a SMB series focuses on the stories, struggles, and successes of small and medium businesses (SMBs) as they attempt to navigate the current economic climate. As 70% of merchant acquiring net revenue »
