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Index Ventures, Stripe Back Bookkeeping Service Pilot With $40M

Index Ventures, Stripe Back Bookkeeping Service Pilot With $40M

“Pilot helps startups and small businesses manage their back office. Chief executive officer Daher admits it may seem a little boring, but the market opportunity is undeniably huge. To tackle the market, Pilot is today announcing a $40 million Series B led by Index Ventures with participation from Stripe, the online payment processing system. The [...]

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India Expected to Surpass the UK for Second Place in Payment Card Fraud

India Expected to Surpass the UK for Second Place in Payment Card Fraud

“Due to a booming cybercrime scene, India is expected to surpass the UK in 2019 and become the second-most targeted country for payment card fraud, behind the undisputed leader, the US.According to cybercrime statistics compiled by cyber-security firm Gemini Advisory, over 3.2 million Indian payment card records have been compromised and posted for sale online [...]

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Venmo’s Latest Effort to Turn a Profit: Credit Cards

Venmo’s Latest Effort to Turn a Profit: Credit Cards

“Venmo’s latest gambit to profit off its massive but still-not-lucrative user base involves a decidedly old-school idea: credit cards. Executives at the digital payments company have been meeting with banks since late last year to discuss issuing a Venmo-branded credit card, people familiar with the matter said. The company, owned by PayPal Holdings Inc., is [...]

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