RECENT NOTABLE ACTIVITY – PAYMENTS
- Coinbase, a crypto-currency exchange and wallet provider, has raised $100M in Series D funding round led by Institutional Venture Partners, with participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32, Draper Associates. Link
- PayTabs, a Bahrain-based payment solutions provider, has raised $20M from undisclosed investors. Link
- Emailage, a cloud-based fraud prevention solutions provider, has raised $10M in a funding round led by Anthos Capital, with participation from Radian Capital, Wipro Ventures, Mucker Capital, Tallwave Capital. Link
- T2P, a Thailand-based e-wallet service provider, has raised $3M in a Series A round led by J-Venture, with participation from 500 Startups and Telenor. Link
- Spriggy, a Sydney-based prepaid card and expense management services provider for children, has raised A$2.5M ($1.9M) in a funding round led by Perle Ventures and Alium Capital. Link
- Instamojo, an on-demand e-commerce and payments solutions provider to SMEs, has raised an undisclosed amount from Japanese payments firm AnyPay, with participation from Kalaari Capital. Link
SOME INTERESTING STARTUPS FOUND
Third Watch (2016, Gurgaon) – An AI-based anti-fraud solution which employs machine learning technologies like collaborative filtering, logistic regression, and deep learning.
LEADER BOARD – PAYMENTS
Payment Gateway
Safecharge (2006, British Virgin Islands, IPO) – A customized payment acceptance portal for merchants. Went public in 2014.
Stripe (2010, SF, $473M) – A merchant acquirer and a payment gateway API provider for web and mobile payments. Backed by Sequoia Capital, General Catalyst Partners, CapitalG, JPMorgan Chase & Co., Goldman Sachs, Morgan Stanley, Barclays, Sumitomo Mitsui Financial Group, Alven Capital, American Express, VISA, KPCB, Thrive Capital, Founders Fund, Khosla Ventures, Allen & Company, Redpoint Ventures, Andreessen Horowitz, SV Angel, Y Combinator, Salesforce, Union Square Ventures, Atomico, GV, Lowercase Capital, TrueBridge Capital Partners, Entree Capital, Square Peg Capital, Golden Gate Ventures, Playfair Capital, Designer Fund, Paua Ventures, Darwin Ventures, BoxGroup.
Billdesk (2000, Mumbai, $157.5M) – Electronic payment services provider to banks, businesses and other institutions. Backed by SBI, General Atlantic, TA Associates Management, Bank of Baroda, Temasek, Clearstone Venture Partners, SIDBI Venture Capital, March Capital Partners.
Acquirer Processor
First Data Corporation (1971, Atlanta, Acq, IPO) – A global payments service provider specializing in merchant transaction processing, private label cards and e-check acceptance services. Was acquired by KKR in 2007 for $27.5B. Went public in October 2015.
Vantiv (1971, Cincinnati, IPO) – An electronic payment processor, payment gateway API and PoSsolutions provider. Went public in 2012.
WorldPay (1993, London, Acq.) – A London-based payment processing company offering gateway and PoS services. Went public in October 2015. Was acquired by Vantiv in August 2017 for $12B.
Total System Services (1982, Columbus (Georgia), IPO) – A merchant acquirer and white label prepaid card solutions provider. Went public in 1983.
Adyen (2006, Amsterdam, $266M) – An internet-first merchant acquirer and omnichannel payment solutions provider. Backed by General Atlantic, Index Ventures, Felicis Ventures, Temasek, Iconiq Capital.
Payment Network
VISA (1958, Foster City, IPO) – An association of banks and other financial institutions, which facilitates card payment transactions. Went public in 2008.
MasterCard (1966, Purchase, IPO) – An interbank association facilitating card payments. Went public in 2006.
Vocalink (2007, Rickmansworth, $114M, Acq.) – A UK-based ATM switching platform and interbanknetwork. Aquired by MasterCard for £700M ($926M) in July 2016.
Ripple (2012, SF, $90.5M) – An open source, decentralized protocol to provide real time cross border payments and settlements. Backed by Standard Chartered, AME Cloud Ventures, Seagate, CME Group, IDG Capital Partners, RRE Ventures, Venture 51, Core VC, ChinaRock Capital Management, SBI Holdings, Route 66 Ventures, Camp One Ventures, Blockchain Capital, Santander InnoVentures, Digital Currency Group, SCB Digital Ventures.
PoS Suite
VeriFone (1981, San Jose, IPO) – Provides all kinds of PoS devices, along with a payment gateway. Went public in 2005.
Ingenico Group (1980, Paris, IPO) – A payment processing service provider specializing in NFC enabled PoS terminals, gateways and cross-border e-commerce solutions. Went public in 1985.
Wallet
PayPal (1998, San Jose, Acq., IPO) – An online payment and money transfer service, offeringpayment gateway, merchant accounts and wallet solutions. Acquired by eBay in July 2002 for $1.5B. Went public in July 2015.
Mozido (2008, Austin, $288.5M) – A white label web and mobile wallet solutions provider. Backed by MasterCard, TomorrowVentures, Atlanticus, Brentwood Associates, Wellington Management, Quabbin Capital.
Dashlane (2009, NYC, $52.5M) – A fully-featured password manager and secure digital wallet app. Backed by Bessemer Venture Partners, FirstMark Capital, Rho Ventures, TransUnion, FinTech Innovation Lab.
Xapo (2012, Palo Alto, $40M) – A bitcoin wallet provider with cold storage facility. Backed by Greylock Partners, Index Ventures, Benchmark, Fortress Investment Group, Ribbit Capital.
Alternate Payment Methods
PayNearMe (2009, Sunnyvale (CA), $90M) – Provides offline payment services for online solutions. Backed by Khosla Ventures, Maveron, True Ventures, GSV Capital, Kapor Capital, Bullpen Capital, Floodgate, August Capital, Fenwick & West, Endeavour Partners.
TrialPay (2006, Mountain View, $56M, Acq.) – Enables merchants to offer free action based rewards to their customers. Acquired by VISA in February 2015 for an undisclosed amount.
Security
Signifyd (2011, Palo Alto, $106M) – An AI-based transaction monitoring solutions provider with chargeback guarantee. Backed by American Express, Andreessen Horowitz, IA Ventures, Bain Capital Ventures, QED Investors, TriplePoint Capital, Menlo Ventures, Data Collective, Tekton Ventures, Resolute Ventures, Allegis Capital, Lucas Venture Group, BYU Cougar Capital, Streamlined Ventures, Thinkplus, Allegis Capital.
Kount (2007, Boise, $80M) – A SAAS based fraud prevention service provider for card-not-present transactions. Backed by CVC Capital Partners.
ThreatMetrix (2005, San Jose, $84M) – A payment fraud prevention service and context-based authentication solution provider. Backed by U.S Venture Partners, Silicon Valley Bank, Adams Street Partners, Tenaya Capital, August Capital, Technology Venture Partners, In-Q-Tel, Talu Ventures.
Ethoca (2005, Toronto, $45M) – A secure network for card issuers and merchants to connect and work outside the payment network. Backed by Spectrum Equity.
Enablers
Fidelity Information Services (1968, Jacksnville, IPO) – PCI Compliance, technology outsourcing and other payment security and back-end solutions for businesses and Financial Institutions. Went public in June 2001.
Trustwave (1995, Chicago, $60M, Acq.) – Provides cloud-based enterprise security solutions for threat detection, prevention & risk mitigation, including PCI compliance. Acquired by Singtel in September 2015 for $770M.
Clear2Pay (2001, Brussels, $92M, Acq.) – Provider of payment solutions to financial institutions. Also provides white label remittance services. Acquired by Fidelity Information Services in September 2014 for $493M.
B2B Payments
GlobalCollect (1994, Netherlands, Acq.) – An international B2B money transfer and payment gateway service provider. Acquired by Ingenico in September 2014 for $1.1B.
Viewpost (2012, Maitland, $79M) – e-Invoice exchange and electronic payment solutions provider. Backed by Western Technology Investment.
Payment Cards
Green Dot Corporation (1999, Monrovia (CA), IPO) – Reloadable prepaid card provider. Went public in 2010.
BlackHawk Network (2001, Pleasanton (CA), IPO) – Provider of white-label solutions for merchants and corporates. Also provides a marketplace for branded retail gift cards and reloading services for third-party prepaid cards. Went public in 2013.
Nubank Brasil (2013, Sao Paulo, $178M) – A MasterCard flagged credit card with mobile app. Backed by Sequoia Capital, Goldman Sachs, Founders Fund, QED Investors, Tiger Global Management, DST Global, Kaszek Ventures.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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