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Where Is Amazon Investing In Fintech?

By BenZinga
Capital Markets, FinTech

Amazon.com, Inc. (NASDAQ: AMZN) has become a massive success over time by taking an aggressive approach to exploring and adopting cutting-edge technology. In recent months, Amazon has been investing heavily in fintech initiatives with a particular focus on the huge, high-growth Indian market.

Betting On Fintech

Back in February, Amazon was one of several investors that provided $16 million in funding to Greenlight Financial Technology. Greenlight is a Georgia-based firm developing a smart debit card designed specifically for children. The debit card allows parents to monitor and manage their children’s spending using a smartphone app.

In March, Amazon announced it was providing $30 million in additional funding to its digital payments subsidiary Amazon Pay. The latest funding comes after Amazon designated $40 million in funding for Amazon Pay’s India operation in late 2017. Amazon has said it would increase its …

Read the full story at Benzinga.

Photo: Capital Float

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