Radius said Wednesday it completed a $12.4 million Series B funding round with participation from American Express. Certain existing investors, including Blue Run Ventures, also took part. San Francisco-based Radius provides sales and marketing data.
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The Fancy’s parent company, Thing Daemon, has raised another $26.38 million, according to a filing with the Securities and Exchange Commission. The site, a fashion focused Pinterest competitor, had previously raised $10 million. American Express Vice Chairman Edward Gilligan is now listed as a Thing Daemon board member, the filing says.
New York-based Payfone, a remote payment processing service backed by American Express, Verizon, and Rogers Communications, among other investors, has appointed Paul Tocatlian as VP of Engineering. Prior to Payfone, Tocatlian was VP of engineering and customer support at Minerva Networks. He has also spent time at Navio Systems, Bytemobile, Propel Software, BEA Systems and Novell. PRESS [...]
Payfone, a remote payment processing service backed by American Express, Verizon, Roger Communications and various venture capital firms has appointed four payment industry executives to its management team. The appointments have been made to fuel on-going growth and expertise in remote payments. PRESS RELEASE Payfone, a leading remote payment processing service backed by American Express, [...]
Amex’s M&A Head on Its New Silicon Valley Outpost, Its Investing Parameters, and Who Makes the Final Call
Every big company faces obsolescence at some point. For its part, American Express isn’t going gently into that good night any time soon. Instead, the credit card processing giant is determined to remake itself into a nimble software and services company — one that both facilitates the kinds of digital transactions that are overtaking other [...]
American Express, JPMorgan Chase and Citi joined together to provide Rearden Commerce, the e-retailer with $133 million in development capital, some of which was used to acquire HomeRun.com, a daily deals site. Specifics of the acquisition were not publicized. Other Rearden include Vinod Khosla and Oak Investment Partners.
Josh Silverman has just been named head of American Express’s U.S. consumer services unit, which manages consumer cards and travel services. A repeat entrepreneur who, at 41, has already made more career moves than most people in their lifetimes, Silverman is joining American Express from Greylock Partners, which brought him on as an entrepreneur-in-residence last [...]
Mobile payment start-up Payfone has added $19 million in strategic funding from American Express, Verizon Investments Inc., Rogers Ventures, and from existing shareholders Opus Capital, BlackBerry Partners Fund and RRE Ventures. The money is designed to help Payfone continue product development and global expansion. Formed in 2008, Payfone’s technology is designed to make mobile phones a preferred way to make online payments, opening up payment options to the non-credit-card world and bridging the gap in emerging markets, the company says.
American Express will pay $150 million for venture capital-backed anti-fraud software company Accertify, Reuters reported. Accertify helps merchants prevent fraud on online purchases, and is backed by venture investor Intel Capital. The acquisition will close during the fourth quarter of 2010, Reuters reported.
LONDON (Reuters) – American Express Co has teamed up with UK private equity firm Permira to bid for Royal Bank of Scotland’s payment-processing arm, the Financial Times reported in its Monday edition. French software firm Atos Origin has also joined the private equity consortium of CVC Capital Partners and Welsh Carson Anderson & Stowe to [...]