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10.23.2024

Venture capitalists pour nearly $350 million into Georgia businesses in third quarter

Venture capital investors poured about $349 million into businesses in Georgia this past quarter, a 33% increase from the second quarter, according to data from PitchBook.

There were 39 deals in the third quarter, five fewer than in the previous quarter.

Both VC investment and the number of deals last quarter were smaller compared with the third quarter of last year, which had over $543 million in investment and 51 deals.

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10.01.2024

KSU’s fintech master’s program empowers graduates to lead in digital finance

Since graduating in the spring, the first cohort of students in Kennesaw State University’s Master of Science in Digital Financial Technologies program have been thriving in Atlanta’s rapidly growing fintech sector. As Georgia’s first graduate fintech degree, the online program has opened doors for students seeking career advancement in the digital payments industry.

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10.02.2024

Fintech Startup Infinite Giving Secures $2M in Seed Funding

Ahead of taking the Venture Atlanta stage next week, local nonprofit-focused fintech startup Infinite Giving announced it has brought on a new group of investors.

The startup just closed a $2 million seed round led by Cubit Capital, Morgan Stanley, and Atlanta Ventures. It also announced it will be participating in Morgan Stanley’s Inclusive Ventures Lab, an in-house startup accelerator run by the financial giant, and has added Jay Love, Founder of Bloomerang and a nonprofit veteran with 30-plus years of industry experience, to the startup’s board.

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10.03.2024

British fintech Stenn reaches across the pond to Atlanta for U.S. HQ

Stenn, a London-based financial technology company, opened its first headquarters outside of England last week in Midtown’s Colony Square.

The office will serve as Stenn’s American headquarters as it looks to expand its footprint in the U.S. Stenn, founded in 2015, lends money to finance short-term gaps for e-commerce and international trade businesses. The company has clients in more than 75 countries, particularly in Asia and India.

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09.26.2024

Visa to Acquire Featurespace

Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Featurespace, a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks. The acquisition of Featurespace will complement and strengthen Visa’s portfolio of fraud detection and risk-scoring solutions used by clients around the world to grow and protect their businesses.

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06.26.2024

Fast-Growing Atlanta Fintech Lands New Bay Area Investor For $20 Million Series A

Rainforest is making a strong case that it is Atlanta’s fintech startup to watch.

Since getting an infusion of seed capital last October, the team has grown its payment volume by 17x. It found a sweet spot serving mid-market customers, which other major players in the embedded payments world like Stripe left behind.

Now, it is one of only a handful of fintechs in the city to raise a Series A funding round over the last two years.

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04.24.2024

Relay Payments expands fintech product line for trucking industry

Relay Payments Inc., an Atlanta-based fintech company focused on the trucking industry, is expanding its product line.

The company now allows customers to pay for weighing their trucks with their Relay accounts in the Weigh My Truck App from CAT Scale.

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04.04.2024

PrizePicks confirms new $25M HQ, 1,000-job expansion

Daily fantasy sports company PrizePicks will invest $25 million into its new Atlanta headquarters, Georgia Gov. Brian Kemp announced Thursday.

PrizePicks is leasing 33,000 square feet at Star Metals Offices, a more than $300 million development in West Midtown. Atlanta Business Chronicle first reported the expansion last month. PrizePicks is leaving a smaller workspace at Midtown’s Promenade Tower.

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03.07.2024

FLEETCOR Announces Rebranding to Corpay

FLEETCOR Technologies, Inc. (NYSE: FLT) (“the Company”) a leading global payments company, announced today its plans to rebrand the Company to Corpay. The name change better reflects the Company’s current portfolio of corporate payment solutions. This name change will take effect on March 25, 2024 when the Company’s stock begins trading on the New York Stock Exchange under the new ticker symbol CPAY.

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03.06.2024

Carputty Secures $80M In New Funds to Accelerate Growth

Carputty, a leading fintech company revolutionizing auto financing and ownership, is thrilled to announce the successful closure of a $75 million warehouse/financing facility with Silicon Valley Bank (SVB) with an additional equity investment of $5M. This milestone SVB agreement, replacing the former $20 million facility, marks a significant leap forward in Carputty’s expansion strategy and ability to meet burgeoning market demand.

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02.14.2024

ICBA Opens Center for Innovation in Atlanta

The Independent Community Bankers of America® (ICBA) today announced the opening of the new ICBA Center for Innovation in Atlanta, establishing a permanent home for its world-class community bank innovation initiatives.

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02.01.2024

FIS Completes Sale of Majority Stake of Worldpay to GTCR

FIS^® (NYSE: FIS), a global leader in financial technology, today announced the completion of the previously announced sale of a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction valuing the business at an enterprise value of $18.5 billion, including $1 billion of consideration contingent on the returns realized by GTCR exceeding certain thresholds.

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01.23.2024

Worldpay from FIS collaborates with Liberis to provide personalised revenue-based finance to small businesses

Liberis, a leader in embedded business finance solutions, announced a two-year extension of its strategic collaboration with Worldpay, a global leader in e-commerce and payment processing technology and solutions.  Worldpay Working Capital (in the US) and Worldpay Business Finance (in the UK) empowers small and medium-sized enterprises (SMEs) by providing easy access to personalised, revenue-based finance options[2].

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10.16.2023

NCR Voyix Corporation Announces Completion of Spin-off of NCR Atleos Corporation

ATLANTA–(BUSINESS WIRE)–Oct. 16, 2023– NCR Voyix Corporation (previously known as NCR Corporation) (NYSE: VYX) (“Voyix”) today announced that it has completed the separation of its ATM-focused business, including its self-service banking, payments & network, and telecommunications and technology businesses. The spin-off was effected through a pro rata distribution of all outstanding shares of NCR Atleos Corporation (“Atleos”) common stock to holders of Voyix’s common stock and is intended to qualify as a tax-free distribution (except with respect to any cash received in lieu of fractional shares) for federal income tax purposes.

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10.04.2023

Embedded Payments Startup Rainforest Secures $11.75M Seed Round

ATLANTA, Oct. 4, 2023 /PRNewswire-PRWeb/ — Rainforest, a Payments-as-a-Service (PaaS) platform, today announced the closing of an $11.75 million seed funding round led by Accel, with participation from Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners and a number of strategic angels. The round includes a $3.25 million venture debt facility from Silicon Valley Bank (SVB), a division of First Citizens Bank.

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09.06.2023

Momnt Raises $15 Million to Grow Lending and Financing Platform

Atlanta-based FinTech company Momnt has raised $15 million to grow its lending and financing platform.

Since its launch in 2020, Momnt has expanded its presence in the point-of-sale (POS) financing sector, beginning in the home improvement industry and then expanding into other verticals, the company said in a Wednesday (Sept. 6) press release.

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08.15.2023

Splitit Secures $50 Million Investment From Motive Partners

Installments-as-a-service platform provider Splitit has secured an investment of $50 million from private equity firm Motive Partners.

This commitment is composed of two tranches of $25 million in exchange for the issuance of new preference shares, Splitit said in a press release.

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06.12.2023

Sage reaffirms commitment to Atlanta by investing in new North America HQ at Ponce City Market

Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs) has announced its upcoming office relocation from its current offices in Atlantic Station to the vibrant and prestigious 619 Ponce, a new mass timber loft building at Jamestown‘s Ponce City Market in Atlanta’s Old Fourth Ward neighborhood. Scheduled to take place in the fall of 2024, this move represents Sage’s unwavering dedication and commitment to the thriving metropolis of Atlanta, as well as its determination to contribute to the city’s bustling economy.

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05.11.2023

Mastercard seeks to open Atlanta office

Financial services giant Mastercard Inc. plans to open office space in Atlanta as corporations slow office expansions or cease them altogether.

Mastercard (NYSE: MA)is seeking around 15,000 square feet of sublease space at Ponce City Market, according to city permit filings and sources with knowledge of the market. With this size, Mastercard’s offices could house around 75-100 employees.

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03.20.2023

TTV Capital closes its largest ever fund at $250m

TTV Capital, an early-stage FinTech venture capital firm, has closed its sixth fund at $250m to invest in early-stage FinTech companies.

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02.08.2023

Visa Opens New Atlanta Office With Plan to Hire About 700 Workers

Visa is opening a new office in Atlanta as the payments giant proceeds with plans to triple its workforce in the city even as rivals cut back on their staffing.

The company has almost doubled its presence in Atlanta in recent years, increasing employees in the Southeastern city to about 350.

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11.15.2022

Opn Enters U.S. Market with Acquisition of MerchantE, Creating a Leading Global Payment Solutions Company

Opn, the one-stop payments solutions company from Japan and Southeast Asia, announced that it has acquired MerchantE, a leading end-to-end digital commerce platform that provides payment processing and solutions to businesses of all sizes in the United States.

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08.04.2022

Splitit Shifts Global Headquarters to Atlanta

Founded in Israel, Splitit established its global headquarters in New York in early 2019, but chose to shift headquarters to Atlanta to better support the company’s new strategic direction.

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04.29.2022

Cash App to bring 100-plus jobs to Atlanta

Mobile money transfer and payment service Cash App has leased all 30,000 available square feet at The Mill, Coro Realty’s recently-completed transformation of the former Masquerade venue on North Avenue.

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03.15.2022

Capital One to add hundreds of Atlanta technology jobs

Capital One Financial Corp. is adding hundreds of jobs to Atlanta, making it the latest financial technology corporation to make a big bet on the city’s talent pool.

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