FinTech Magazine - July 2021 | Page 12

GLOBAL NEWS

1

US ( WEST COAST )
Goldman Sachs partners with Visa on global payments
The two leading FSIs will collaborate to improve services for Goldman ’ s B2B and B2C customers . The investment bank envisions a future where businesses can maintain realtime visibility of their payments ' progress , can easily obtain vital compliance-related data , and improve cash flow .

5 US ( EAST COAST )

Flywire ’ s IPO triples its value to $ 3.5bn
Cross-border payments fintech Flywire opened on Nasdaq at $ 34 per share and enjoyed a highly successful IPO . Despite this , it continues to suffer from ongoing profitability issues . However , CEO Mike Massaro is optimistic of a long-term resolution to this issue .
12 July 2021