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M-commerce firm paythru becomes first business backed by Restoration Alpha Angels

Technology merchant bank Restoration Partners has closed the first investment to be made through its Restoration Alpha Angels network.

Venture Capital Funding

SumUp closes huge $20 million venture capital round

Mobile payment business SumUp has closed its Series A funding round and secured an enormous US$20 million (£12.6 million) to coincide with the launch of its service.

News

New payments provider secures backing

London-based online payment platform GoCardless has raised $1.5 million (£940,000) through a string of investors including Accel Partners, Passion Capital and YCombinator.

News

Sanderson offloads its RBS business

Software business Sanderson has disposed of its electronic point of sale business through a deal with Torex Retail.

Financial Management

Cheques checking out?

Many companies are trying to determine what future role traditional cheques will play in everyday business despite the saviour of the payment method.

News

McGriskin sells Envoy Services to WorldPay

Australian entrepreneur Phil McGriskin has agreed to sell internet payment business Envoy Services to private equity-backed global payments provider WorldPay in a multi-million pound deal.

Technology

Contactless mobile payments

At the Mobile World Congress in February, contactless technology was a hot topic. GB explores why plastic cards in your wallet may soon become obsolete.

News

PayPoint buys Verrus   

Cash and internet payment specialist PayPoint has agreed to acquire Verrus, a mobile phone services business, for up to £29 million.

News

Nomad Payments sale doubles investors’ money

Payment processing business Nomad Payments, which specialises in the prepaid and debit card market, has been acquired by US banking technology provider Metavante Technologies for $58 million (£30 million).

News

Next Big Thing: Contactless cash cards

For coins and notes, it could be the beginning of the end. This autumn high-street banks will issue credit and debit cards with a new contactless payment facility, allowing cardholders to pay for items under £10 by simply swiping the cards over a reader.

News

Cardsave in management buy-in

Clive Kahn, the former chief executive of foreign exchange company Travelex, has bought credit card terminal supplier Cardsave in partnership with Exponent Private Equity. Kahn will now lead the acquired business.

News

Ixaris flying high

Online payment system software provider Ixaris is speaking to investors about an additional round of fundraising.

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