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NJ-based provider of a payment cycle management platform Billtrust raises $50M in funding – FinTech Daily # 261

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INTERESTING COMPANIES FOUND

RightIndem (2015, London, $17k) – SaaS platform that uses machine learning algorithms for insurance claims settlement, repair solutions, and real-time fraud scoring.
Spaceship (2016, Sydney) – App based Super Fund with the focus on technological companies. The app upon signing up can find and transfer all super accounts of the customer and transfer them to Spaceship account.

HIGHLIGHTS OF THE DAY

  • Billtrust, a Hamilton, NJ-based provider of a payment cycle management platform, raises $50M in funding led by Riverwood Capital Management. Read More
  • Amsterdam Trade Bank enters into partnership with London-based banking software giant Misys to implement its Fusionbanking and Fusioncapital portfolios to modernise its corporate banking, treasury and capital management (TCM) and trade finance operations. Read More
  • Toronto-based Kik Interactive, the creator of global chat platform Kik, announces Ethereum-based cryptocurrency ‘Kin’, which will be integrated into Kik platform as the primary transaction currency. Read More
  • Discover Global Network, a Chicago-based global payments network, enters into an agreement with Desjardins Group, the leading cooperative financial group in Canada through its Monetico payment solutions, to expand acceptance in Canada. Read More
  • Wellinton-based accounting software major Xero implements San-Francisco-based Expensify’s software solution for facilitating SmartScan OCR receipt scanning, next-day reimbursement, and company card reconciliation to Xero employees. Read More

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