Atlanta-based Urjanet wants to help utilities go paperless, using a $14.65 million Series D raise announced this week to drive adoption of digital payments in a sector where most companies still use in-person collection or paper-based systems. The 10-year-old company spun out of Advanced Technology Development Center has built a business out of aggregating and permissioning […]
Payments
Ebix Preaches Resilience as Extended India Lockdown Hits Bottom Line
Metro Atlanta-based Ebix Inc. says its broad diversification kept the company profitable in the first quarter, despite an extended lockdown in India and pandemic-related restrictions that pummeled business segments that are highly dependent on travel. The Johns Creek-based insurance software provider, travel marketplace operator and financial technology firm posted a drop in revenues of about 4 percent to $137.9 million, down from […]
Elavon to Sell Mexican Card Processing Business to Santander
Atlanta-based payment processor Elavon has reached an agreement to sell its Mexican business to Santander, the Spanish bank with a deep presence in Latin America. Elavon, a subsidiary of U.S. Bancorp, said the action would not impact any of its business in the U.S. or beyond, and that local employees in Mexico would join Santander […]
Global Payments to Buy Merchant Processing Business of Canada’s Desjardins Group
Atlanta-based Global Payments Inc. has agreed to buy the merchant payments business of Canada’s sixth largest financial institution. The terms of the deal with Quebec-based Desjardins Group were not disclosed; the companies expect the transaction to close next year after receiving regulatory approvals, the companies announced in an Oct. 31 news release. In addition to […]
Fintech Event to Provide a Tale of Three Countries: U.S., Brazil and China
Atlanta’s financial technology preeminence largely resides in payment processing, but like the U.S. overall, companies here are working to catch up with the rest of the world when it comes to adopting new and seamless transaction technology. They’ll have a chance Sept. 26 to observe the payment patterns in two of the world’s biggest markets — […]
Q&A: How Atlanta’s Brightwell Serves the Financial Needs of Global Citizens
Editor’s note: The Netherlands-American Chamber of Commerce Southeast, based in Atlanta, publishes a monthly interview spotlighting one of its members. This month, the organization caught up with Maarten Van Der Putten, senior vice president for business development at Brightwell, a financial technology firm that helps mobile/global workers get paid and manage their finances. The company’s […]
Brazilian Market Key to Fleetcor’s Innovation, Growth Honors
FleetCor’s efforts to expand its payment offerings in Brazil have been key to honors stacking up for the growing Atlanta-based financial technology company. The continental South American nation has been a proving ground for new technologies acquired into the FleetCor portfolio, which is aiming in Brazil and beyond to diversify beyond its core product: commercial […]
Lord Mayor: London, Atlanta Can Partner to Address Wave of Financial Disruption
The official charged with promoting London globally as a financial services center sees Atlanta as a potential node in a network of cities sharing strategies to capitalize on “wave of innovation” disrupting the sector. Peter Estlin, elected for the one-year term as lord mayor of the City of London — the financial district of the broader global metropolis — […]
‘Fintech Factor’ Examines How Metro Communities Can Benefit From Growing Industry
Atlanta’s role as a payments juggernaut has been cemented for decades, but it’s only now that the story is starting to resonate globally and attract firms from a broader slice of the fintech sphere. That was the assessment of company executives and payments experts at the Cumming-Forsyth Chamber of Commerce’s “Fintech Factor” event April 25, […]
Atlanta’s Fintech Ecosystem Matures With Global Investment, Outreach
Looking at Georgia’s financial technology industry, it wouldn’t seem like there’s much more room to grow. The sector employs more than 38,000 people the state, and industry-leading companies that have helped generate the “Transaction Alley” moniker process 57.7 billion payments a year — about two-thirds of the total in the U.S. But the areas where […]
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