In today’s FinTech news, minority-led startup Stax hits unicorn status, while PPRO aims for a bigger Asia Pacific (APAC) presence with the purchase of Alpha Fintech. Plus, hotel payment software startup Selfbook plans to use its $15 million Series A extension to team up with hotel owners and operators, and NCR purchased FinTech intellectual property to facilitate its move into open banking.
FinTech Stax Reaches Unicorn Status Following $245M Funding
Minority-led, integrated payments platform Stax reached unicorn status with a valuation of just over $1 billion after raising $245 million. Co-founders and siblings Suneera Madhani, CEO, and Sal Rehmetullah, president, said the startup’s hard-won, early success is a milestone that can serve as a source of encouragement to people of color trying to “build their own business and make history.”
Digital payments infrastructure firm PPRO has an acquisition deal on the table for payments technology platform Alpha Fintech. The acquisition will give PPRO a wider presence in the APAC region and facilitate…
