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Fairmoney Acquires Payforce

FairMoney said it had acquired PayForce, a merchant payment service that serves small businesses. The details of the deal were not disclosed. However, the transaction was estimated to be a cash-and-stock deal from USD 15 million to USD…

TeamApt Rebrands As Moniepoint

TeamApt Inc. has rebranded to Moniepoint, the name of its flagship product, thereby aligning with a recognizable identity that its existing business owners already trust. The rebranding of TeamApt to Moniepoint reflects the company’s…

Wyre Set To shutdown

According to reports, Wyre, a crypto payment firm that came close to being acquired for $1.5 billion last year, is on the brink of liquidation. In operation since 2013, Wyre agreed to a $1.5 billion sale to online checkout company Bolt…

VENCO Secures $670,000 Pre-Seed Funding

VENCO has disclosed that it secured $670,000 in an oversubscribed pre-seed funding round. The pre-seed funding round was led by Zoosk Investment Management. Other strategic investors who participated in the funding round include; Voltron…