
QED Invests $75 Million in Felix Pago's Series B Funding Round
In a significant move signaling the growing potential of digital remittances, QED Investors has led a Series B funding round amounting to $75 million for Felix Pago, a burgeoning remittance startup aiming to streamline money transfers for individuals across borders. This investment is poised to accelerate the company’s expansion plans and enhance its service offerings in the lucrative remittance market.
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PAG Acquires UK Outsourcing Firm in Strategic Move to Expand Tech Services
In a significant development within the tech sector, PAG, a prominent Asian investment firm, has successfully acquired a UK-based outsourcing company from Nash Squared. This strategic acquisition marks PAG's intent to bolster its position within the technology services market.
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LendingClub and Pagaya Join Forces to Acquire Technology from Bankrupt Credit Card Company
In a strategic move to bolster their technological capabilities, LendingClub Corporation has partnered with Pagaya Technologies to purchase assets from the bankrupt credit card company, Genesis Global Capital. This collaboration highlights the growing trend of financial technology firms leveraging distressed assets to fuel innovation and enhance their service offerings.
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