Venture funding

U.S. fintechs attracted $5.8 billion in the fourth quarter as institutions sought an AI edge.

Payworks has raised $14.5 million in a Series B funding round with several participants including Visa and CommerzVentures.

The investment continues a trend of banks focusing on commercial payments technology.

Pacing is one of the largely unchallenged themes of fintech—new ideas come up every few months that require an almost constant state of new tech deployment. But it doesn't really work that way, says Steve Sarracino, CEO and founder of Activant Capital.

Tipalti, whose platform automates domestic and international accounts payable, has raised $30 million in a Series C financing round led by Zeev Ventures, bringing its funding total to $50 million.

Payfone, which provides technology to confirm customer identities, has secured $23 million in a funding round led in part by Synchrony Financial.

Dishonestly taking advantage of false membership in a group to score a discount sounds like something most people wouldn't dare do, but it's enough of a threat to retailers that investors see future returns in technologies that guard against it.

Tender Armor, which offers a fraud-prevention tool that requires consumers to enter a special code for each online purchase, has attracted private equity funding to expand its development three years after the company’s inception.

A fintech investment surge is underway across Europe. What’s unknown is how the looming Brexit situation may affect the U.K.’s strong fintech momentum, and where exactly funds would flow if talent and startups flee Britain.

Paytronix Systems has received a $65 million private equity investment from Great Hill Partners to power its development of payment and loyalty systems for restaurants.