With the strategic investment, the terms of which weren’t disclosed, the Quebec’s public pension fund manager joins other leading investors in the eighth-largest stock exchange operator globally by value of shares traded every day. (The Logic)
The Memphis, Tenn.-based financial institution will hold deposits and issue debit cards for U.S. merchants using the e-commerce giant’s new Balance feature. Stripe is also launching a new set of APIs that allows its clients to offer their customers accounts and other services with Goldman Sachs in the U.S. and Citibank and Barclays internationally. (The Wall Street Journal, The Logic)
The two firms expect the cash and stock transaction to close in the first quarter of 2021. Affirm declined to comment on whether it would maintain PayBright as a separate brand, or keep its engineering and other staff in Canada. (The Logic)
