Tag: payments infrastructure
TrueLayer nabs $130M at a $1B+ valuation as open banking rises as a viable option to card networks
Open banking — a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by letting banks open their systems directly to developers (and new services) by way of APIs — continues to gain ground in the world of financial services. As a mark…
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Privacy.com rebrands to Lithic, raises $43M for virtual payment cards
When Privacy.com was founded in 2014, the company’s focus was to let anyone generate virtual and disposable payment card numbers for free. The goal was to allow those users to keep users’ actual credit card numbers safe while allowing the option to cut off companies from their bank accounts. In…
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