Fintech, Finance, Technology, Banking Highlights – 28 May 2018
Reltio Closes $45M to Organize Data Globally for Self-Learning Enterprises
Reltio, innovator of the Self-Learning Data Platform, announced that it has secured a $45 million Series D investment to accelerate innovation, fuel international expansion, and ramp support for global enterprise customers. With current investor New Enterprise Associates (NEA) leading this round, and participation from other existing investors, Crosslink Capital, .406 Ventures, and Sapphire Ventures, Reltio has now raised $117 million in total.
“Reltio’s platform is at the nexus of the technologies needed to enable companies to innovate with data,” said Chetan Puttagunta, General Partner at NEA. “The combination of continuous enterprise data organization with measurable, actionable insight that can be refined and improved through self-learning is a capability that can benefit every business. We’re thrilled to continue partnering with Reltio as it accelerates growth with marquee customers in critical markets. We’re also pleased to see existing customers significantly expand their use of Reltio, and it reaffirms our confidence in the platform’s ability to add value to any type of business.”
Reltio’s market momentum continues to accelerate: In 2017, it was ranked No. 153 in Inc. Magazine’s prestigious “Inc. 5000” list of the fastest growing private software companies in America, thanks to over 2,568% revenue growth in three years. Reltio also ranked No. 7 among all San Francisco companies and No. 10 among all software providers in America.
JCB to offer Google Pay in Japan
JCB Co., Ltd, the only international payments brand based in Japan, announced that it will offer the ability for shoppers in Japan to use Google Pay for in-store payments, later in the year.
JCB will enable Google Pay for instore payments in Japan through its QUICPay(TM), contactless payment solution. At launch, Google Pay users will be able to make payments on their enrolled JCB credit, debit, or prepaid card at convenience stores, supermarkets, drugstores, and other shops where QUICPay is accepted and online wherever JCB is accepted. Credit, debit, and prepaid cards can be enrolled using the Google Pay app on Osaifu Keitai supported devices with Android OS5.0 or higher version.
Card information enrolled for users’ Google accounts can also be used for in-app payments and online shopping wherever Google Pay is supported. Payments are easy, with no need to enter contact information, credit card number, or other information every time you make a purchase.
SIA Acquires Card Processing Businesses in Central and Southeastern Europe from First Data
SIA, a European high-tech leader in payment infrastructure and services, and First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology, have signed an agreement for SIA to acquire First Data’s card processing businesses in parts of Central and Southeastern Europe for €375 million.
In 2017, these businesses generated a combined revenue of approximately €100 million for First Data.
This acquisition by SIA provides card processing, card production, call center and back-office services, including 13.3 million payment cards, 1.4 billion transactions, in addition to the management of POS terminals and ATMs. These businesses are primarily located in 7 countries: Greece, Croatia, Czech Republic, Hungary, Romania, Serbia and Slovakia.
First Data remains highly committed to the European issuer processing business, maintaining its focus on serving its significant client base, primarily with its leading VisionPLUS platform.
As a result of the transaction, SIA will become a leading player in processing and services in the region. The agreement includes the transfer of about 1,400 First Data employees into SIA.
