Venture funding

Backbone Hosting Solutions Inc., a cryptocurrency mining company, said it plans to invest C$250 million ($193 million) in computing centers in Sherbrooke, Canada.

RecargaPay, an eight-year-old mobile payments platform targeting unbanked and underbanked consumers in Brazil, has secured $22 million in funding to reach more users and merchants.

Customer support may seem like it's innovating through the use of artificial intelligence and chatbots, but all of that is built on a foundation that's stuck in the stone age.

The goal of the competition is to increase diversity in the financial technology industry.

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.

Gift card giant Blackhawk Network will be acquired by the tech investment firm Silver Lake, along with P2 Capital Partners, for $3.5 billion in a move underscoring investor interest in the shift to mobile digital technology, where Blackhawk devoted millions in recent years.

Venture capitalist Spiros Margaris offers a level-headed perspective on the hotly debated cryptocurrency alternative to traditional methods for funding young companies.

The New York company, which offers loans and provides personal finance advice, plans to expand its product line and invest in new technology with the funds.

Swedish payments company iZettle AB is said to be open to a sale as an alternative to preparing for an initial public offering, in a so-called dual-track process, according to a person familiar with the company's plans.

Rather than charge set fees, Aspiration offers customers name-your-fee accounts and donates to charities based on the amount of money it makes.

In a rare show of public support for a security technology, the banks are leading a $40 million funding round for Menlo Security, provider of browser technology that keeps malware at bay — and they’re using it, too.