Fintech unicorn Stripe participated in a $US40 million financing round for payments service company Rapyd. Rapyd aims to use the new cash to build what it calls “the world’s largest local payments network.” It’s a critical component of its ambition to become the Amazon Web Services of the fintech world. Stripe, one of Silicon Valley’s hottest payment startups valued at $US22.5 billion, is backing another payments company. Rapyd, which offers a mobile-first financial network, said on Wednesday it had raised in $US40 million in its Series B round led by Stripe and venture firm General Catalyst. The Mountain View, California-based company integrates different services, from bank transfers to digital wallets to ID verifications, through a single API. It also has built relationship with local payments providers to enable payments collection within a country and cross-border money transactions. It aims to create a cloud service for payments to become the … [Read more...] about $22.5 billion Stripe is investing in a digital payments company that’s aiming to be the Amazon Web Services of the fintech world
Amazon web services
WANDisco secures advanced technology partner status with Amazon Web Services
0 Have your say BIG data firm WANDisco has raised around $17.5m through a share subscription and secured a closer relationship with Amazon Web Services. Sheffield-based WANdisco is a big data specialist which helps some of the world’s largest firms transfer information from servers into the cloud.WANdisco announced that it has raised around $17.5m through its existing shareholders and has also enjoyed a strong end to the year.WANdisco also revealed that it has received Advanced Technology Partner status with Amazon Web Services in the AWS Partner Network.In a statement, WANdisco said: “The Advanced Technology Partner designation is the highest tier for technology partners that provide software and internet solutions in the AWS Partner Network. WANdisco achieved its status through a rigorous qualification process, based on referenceable customers on the AWS Platform and strict technical guidelines.”WANdisco Fusion helps organisations move large … [Read more...] about WANDisco secures advanced technology partner status with Amazon Web Services
It looks like Amazon Web Services is down some parts of Sydney
It appears that Amazon Web Services is suffering database problems in some parts of Sydney. The cloud provider told itNews that its relational database service (RDS) hosted in Sydney was suffering “increased create times and cluster unavailability”. The problem was first reported just before 8am this morning but AWS says it was “beginning to see recovery for some clusters”. “We continue to work towards full resolution,” it said. itNews has more. More to come. Business Insider Emails & Alerts Site highlights each day to your inbox. Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram. … [Read more...] about It looks like Amazon Web Services is down some parts of Sydney
$20 billion Stripe is investing in a digital payments company that’s aiming to be the Amazon Web Services of the fintech world
Fintech unicorn Stripe participated in a $US40 million financing round for payments service company Rapyd. Rapyd aims to use the new cash to build what it called “the world’s largest local payments network,” a critical component of its ambition to become the Amazon Web Services of the fintech world. Stripe, one of Silicon Valley’s hottest payment startups valued at $US20 billion, is backing another payments company. Rapyd, which offers a mobile-first financial network, said on Wednesday it had raised in $US40 million in its Series B round led by Stripe and venture firm General Catalyst. The Mountain View, California-based company integrates different services, from bank transfers to digital wallets to ID verifications, through a single API. It also has built relationship with local payments providers to enable payments collection within a country and cross-border money transactions. It aims to create a cloud service for payments that is similar to the … [Read more...] about $20 billion Stripe is investing in a digital payments company that’s aiming to be the Amazon Web Services of the fintech world
Microsoft buys an open source database startup to give it an edge against Amazon Web Services
Microsoft announced Thursday that it has acquired Citus Data, a startup that uses PostgreSQL, a database management system that’s popular with developers. This move is another sign that Microsoft is investing in open source technologies, and follows its $US7.5 billion acquisition of GitHub last year. This acquisition could also give Microsoft Azure an edge over Amazon Web Services as it would help Microsoft with running open source workloads with more power and scale. Not too long after its $US7.5 billion acquisition of GitHub last year, Microsoft is adding another startup to its growing open source software empire: Citus Data. On Thursday, Microsoft announced it has acquired Citus Data, an open source database startup. Cirus Data was first founded in 2010, and raised a relatively meager $US13.2 million in venture capital funding in that time. It was an early graduate from the Y Combinator startup incubator program, and attracted investors including SV Angel, Khosla … [Read more...] about Microsoft buys an open source database startup to give it an edge against Amazon Web Services