Payoneer raises $180M amid slower fintech funding climate
Payoneer, developer of a cross-border payments platform for businesses, announced an initial close on a planned $180 million growth equity financing round led by TCV and joined by existing investor Susquehanna Growth Equity. In addition to its preferred stock investment, TCV also committed to buy shares from existing shareholders in the 11-year-old, New York-based company.
The funding round follows several quarters of comparatively muted investment in U.S. fintech companies. In the first three quarters of this year, about 85 fintech companies raised venture or seed funding, bringing in a total of about $700 million, according to a Crunchbase Pro search. Over the same period last year, U.S. fintech companies had raised just shy of a billion dollars.
Criteo acquires HookLogic for ad tech
Ever left an ecommerce site without buying something and found ads for the rejected product pop up everywhere else? That’s likely driven by technology from Criteo, a provider of performance marketing tools that is looking to expand its reach. The publicly traded company just announced that that it has acquired HookLogic, another performance marketing technology company. Recode pegs the purchase price at $250 million. Venture-backed HookLogic previously raised close to $40 million.
Google unveils hardware for home, VR and phone
Google unveiled a slew of hardware products and services at an event in San Francisco Tuesday, including Pixel phones, its new Daydream View VR headset, and Google Home, a competitor to Amazon’s Echo. TechCrunch as an overview here.
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