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December 4, 2020
On the wires
Announcing Moov’s $27M Series A Round
“Three months ago, we rounded our first huge milestone as we announced our $5.5 million seed round led by Bain Capital. Today, we are thrilled to announce our oversubscribed $27 million Series A round led by Angela Strange, Peter Levine, Seema Amble, and the team at a16z …From banking to integrated payments, Moov empowers developers with developer-first code that’s modular, portable, and bank agnostic.”
August 21, 2020
On the web
Exclusive: Wirecard UK to be bought by Railsbank after downfall of parent company
Sifted
“Disgraced German payment group Wirecard has found a buyer for its UK division in competitor Railsbank, Sifted has confirmed. Wirecard announced in June that it was unable to locate $2bn worth of cash in its trust accounts, causing the company once valued at $13bn to collapse into bankruptcy. As a result, German administrators were called in to sell off key assets like its UK entity, Wirecard Card Solutions (WCS), which once settled card payments for 70 fintech clients including Revolut, Pockit, Soldo and Curve.”