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News on Medial
Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal
TechCrunch
·
2y ago
Medial
Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far.
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Visa processing startup Atlys acquires UK-based Artionis
Entrackr
·
5m ago
Medial
Snippets Visa processing startup Atlys acquires UK-based Artionis Visa processing platform Atlys has acquired the UK subsidiary of visa service company Artionis in an all-cash deal to expand overseas. Shashank Pathak 19 Feb 2025 10:20 IST Follow Us Visa processing platform Atlys has acquired the UK subsidiary of visa service company Artionis in an all-cash deal to expand overseas. With this acquisition, Artionis UK, which handles UK-to-Russia visas, will help improve Atlys’ European technology. According to Atlys, the deal will allow it to reduce visa paperwork and offer timely services to travelers in the UK, followed by plans to expand in similar European markets, including Germany and France. Artionis is an outsourcing partner for governments, operating in 25 countries with 400 employees in 65 offices. Atlys has acquired its UK branch, which has offices in London, Edinburgh, and Manchester. The four-year-old Atlys aims to make visa-related processes easier. Its tech, the company claims, can reduce visa rejection rates, and streamline processing times to as quick as 55 seconds. The platform covers more than 150 destinations and with an average time of just over 4-10 minutes spent to apply for a visa. Atlys has expanded its footprints in key global markets, including the US, UAE, and the UK. It has also bolstered its leadership across product, engineering, and marketing departments. Earlier in September 2024, Atlys had raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital.
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Prickly US softens H-1B visa demand
Economic Times
·
2m ago
Medial
The number of H-1B visa applications for FY26 dropped 25% to 358,737, with 120,141 shortlisted, due to increased visa costs and economic downturns, prompting layoffs. Factors include a steeper fee now at $215, President Trump's tighter immigration stance, and reduced demand from tech companies like Microsoft and Meta. Students hesitant about Optional Practical Training (OPT) are returning home instead of staying in the U.S., impacting visa application numbers further.
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Paytm Cloud acquires 25% stake in US-based Seven Technology
Economic Times
·
6m ago
Medial
Paytm Cloud is investing Rs 8.7 crore ($1 million) to acquire a 25% stake in US-based Seven Technology, as per One 97 Communications' filing. Seven Technology is the parent company of Dinie, a Brazilian API-first embedded finance startup that aids e-commerce platforms in offering financial services to MSMEs in Brazil. This strategic investment aims to enhance Paytm's understanding of the Brazilian market and merchant opportunities, making Seven Technology and Dinie associate entities of Paytm Cloud.
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Perfios acquires open finance platform Fego.ai
Livemint
·
1y ago
Medial
Bengaluru-based fintech firm Perfios has acquired Chennai-based open finance platform Fego.ai. The deal, which was initiated during the Global Fintech Fest 2023, was recently closed. While the deal amount is unknown, it is described as more of an "acqui-hire." As part of the agreement, Fego's 30-member team will join Perfios, with Fego's co-founder S. Kumar Srivatsan leading the product and business unit. Fego had previously pursued acquisition talks with M2P Fintech but the deal did not materialize.
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USCIS to conduct second H-1B lottery to meet FY25 limit
Economic Times
·
1y ago
Medial
The US Citizenship and Immigration Services (USCIS) has announced that it will conduct a second round of random selections for the H-1B visa for the 2025 fiscal year. The selections will be made from already submitted registrations for the 65,000 visa limit. The H-1B visa is highly sought after by professionals, particularly from India and China, who work in the tech sector. The selected registrations can file petitions between April 1 and June 30. USCIS will soon notify the eligible applicants of the second round selections through their online accounts.
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'Remove H-1B visa, collapse the economy...': Harsh Goenka shares old video of celebrated scientist on 'genius visa'
Business Today
·
5m ago
Medial
In the wake of Donald Trump's re-election, thousands of H-1B visa holders in the US are anxious about potential changes to visa regulations. Despite Trump's stated support for the H-1B visa program, new stricter rules aligned with his executive order on birthright citizenship, effective January 20, pose challenges for those seeking entry into the country. This situation underscores the ongoing uncertainties surrounding immigration policies in the United States.
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Trump 2.0 to threaten H-1B plans of tech companies
Economic Times
·
1y ago
Medial
The possibility of a second Trump administration has raised concerns about the anti-immigration agenda and its impact on the H-1B visa program. The proposed fee hikes for H-1B visas are causing alarm in the tech industry, with registration fees set to increase by 2,050% and application fees by 70% from 2025. There is uncertainty about the future of immigration policies under Trump, as his first administration saw an increase in H-1B visa denial rates. The fee increases will affect the cost of bringing in talent, particularly when there is already a high demand for skilled workers.
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Fintech SaaS Startup Signzy Acquires Difenz To Bolster Compliance Solution Offerings
Inc42
·
1y ago
Medial
Fintech startup Signzy has acquired fraud risk management solutions provider Difenz in a cash and equity deal, valuing Difenz at $5 million. The acquisition will strengthen Signzy's AI capabilities and allow it to offer AI-led Know Your Customer (KYC) compliance solutions to financial institutions. The deal also provided an exit to venture capital firm 8i Ventures, which had invested INR 4.5 crore ($600,000) in Difenz's seed funding round. Signzy provides digital onboarding solutions to banks and NBFCs and has raised over $37 million to date.
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Niyo Forays Into Flight Booking, Visa Application Verticals
Inc42
·
1y ago
Medial
Indian fintech startup Niyo has launched a flight booking platform and a visa booking product on its app. The company aims to offer domestic and international flight booking services to its customers. The visa booking product is expected to reduce the application processing time. Niyo recently secured funding from Spring Marketing Capital, but the amount remains undisclosed.
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Amazon salary filings reveal Rs 2.3 crore pay for H-1B software engineers - The Economic Times
Economic Times
·
15d ago
Medial
Amazon is offering high salaries up to $263,700 for foreign hires in software engineering and related roles under O-1 and H-1B visas, excluding equity. Despite revealing these substantial base salaries in mandatory filings, Amazon has been reducing its workforce across various divisions, including Amazon Web Services, amid a broader focus on AI. As the H-1B visa becomes less reliable, more professionals are turning to the O-1A visa for U.S. employment opportunities.
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