Flywire CEO On $100M Cap Raise, Stripe Lets Businesses Issue Virtual Cards, SEC Blocks Winklevoss EFT.

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

July 27, 2018

Global Payments

Flywire CEO On $100M Capital Raise

It’s a good day when one of the biggest investors in FinTech leads a $100M round for one's business. That good day was enjoyed by Flywire yesterday, on the news that Temasek led a $100M round to accelerate the expansion of the firm’s global receivables network across geographies and verticals. Flywire CEO Mike Massaro told Karen Webster what it all means, how it all came together (quickly) and what’s next.

 

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Amazon Earnings

Marketplace Sellers Drive Amazon’s Q2 Profit Train

Despite a slight miss on revenue, investors were pleased with Amazon's Q2 performance, as its reported earnings doubled forecasts. Advertising and web services pushed the profit train in the second quarter, as did more sales from third-party sellers. And despite Prime member price increases, not to worry. CFO Brian Olsavsky told analysts that memberships are "looking really, really good."

 

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Digital Payments

How Wordapp Uses Payments To Keep The Text Flowing

Online marketplace Wordapp matches writers with online retail and marketing clients, all of whom need an endless supply of words for ads, product descriptions, blogs and other forms of copy. In the latest PYMNTS “Matchmakers” interview, Wordapp’s Cem Arel talks about how the platform uses payments and machine learning to boost the marketplace’s appeal for both writers and clients.

 

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IoT Tracker

TRENDING: IoT’s Big Security Fail

Bad actors are increasingly targeting connected devices, and network providers are fighting back. But when it comes to protecting the IoT, a one-size-fits-all approach simply doesn’t fit. The security measures that protect IoT devices in business settings don’t readily translate to devices in consumers’ homes, says Marcio Avillez, SVP of networks at CUJO AI. In the latest Intelligence of Things Tracker, Avillez makes a case for taking a device-specific approach in thwarting threats to smart homes.

 

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What's Hot


SEC Blocks Winklevoss ETF


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Cap One Scores Walmart’s Store Card Business


Stripe Enables Virtual Card Issuance


LifeLock Breached


Zelle P2P Volume Grew To $28B In Q2, Against Venmo’s $14B


Equifax Fights To Regain Trust As Q2 Sales Slump


Google, Facebook Rivalry Now Extends To Events


Discover Q2 Income Surges, Sets Personal Loan Pause


Starbucks Mobile Order Tool Accounts for 13 Percent of U.S. Sales


 

Best of Yesterday 


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