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Wirecard | June 22, 2020
Wirecard shares are once again in free fall on Monday after the German payments firm said it was likely that 1.9 billion euros ($2.1 billion) of cash missing from its balance sheet doesn’t exist.
The Munich-based company said it was assessing the “prevailing likelihood” that unaccounted cash balances flagged by auditors at EY last week “do not exist.” The lost funds represent roughly a quarter of Wirecard’s balance sheet....
Reuters | March 30, 2020
U.S. energy producers face the threat that banks will slash their credit as March’s crash in oil prices means the asset backing their main loan facility - crude reserves - is worth less than half of what it was a month ago. The oil price collapse has crushed U.S. energy companies, sending valuations spiralling and squeezing financing options, as they face a likely 20% drop in worldwide oil demand in coming quarters due to the coronavirus pandemic. U.S. crude prices have dropped to about $2...
Fattmerchant | June 16, 2020
Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, today announces the release of Contactless by Omni. This new all-in-one contactless payment solution provides business owners with the ability to go touch-free and virtual overnight, allowing their business to begin accepting payments in the ways that their customers are most comfortable with. A recent survey conducted by Fattmerchant shows a shift in consumer payment pr...
Flexio | February 07, 2022
The Flexio platform is becoming popular by revolutionizing business-to-business (B2B) payments in Latin America. For this cause, Flexio has uplifted the $3 Million Seed Round led by Costanoa Ventures by joining hands with Diego Oppenheimer, Latitud Fund, Soma Capital, Daniel Kahn, Omri Mor, and several other notable LatAm founders and Y Combinator alumni.
In 2014, the Mexican government approved a law requiring all B2B payments to be documented digitally in order to increase tax p...
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