B2B payment specialist PayTrace acquired by North American Bancard
The US’s sixth largest independent acquirer has snapped up the long-standing merchant gateway specialist.
Business-to-Business/B2B
Employment data platform Argyle lands $55m Series B to “reinvent credit decisioning”
SignalFire founding partner Ilya Kirnos will also join Argyle’s board of directors.
Revenue-based financing platform Novel Capital raises $115m in equity and debt funding
Novel Capital allows entrepreneurs to leverage their recurring revenue to access non-dilutive capital.
Unbanked goes crowdfunding to build global bank on blockchain
Unbanked has attracted nearly $1.5 million from 1,500+ investors so far. The round closes on 26 April.
Pakistani B2B e-commerce platform Bazaar lands $70m Series B
The latest investment takes Bazaar’s total capital raised to more than $100 million.
Fintech start-up Chari acquires Axa Credit in Morocco for $22m
The acquisition will enable Chari to launch buy now, pay later (BNPL) services.
Growth financing platform Capchase raises $80m Series B funding
Capchase CEO says funding businesses “is not a one-size-fits-all approach anymore”.
Wolters Kluwer acquires International Document Services in $70m deal
IDS is expected to generate revenues worth approximately $15 million in 2022.
US paytech Stax hits $1bn valuation with $245m funding round
Stax has grown 500% in the past three years and processed more than $23 billion in payments.
FX platform Currencies Direct receives £140m investment
The deal is expected to close by the end of Q1 2022.
Payoneer taps cybersecurity firm ThetaRay for AI-powered transaction monitoring
Payoneer will deploy ThetaRay’s Sonar solution from Q2 2022.
New SME banking player Pillar set to launch in Canada
Based in Montreal, Quebec, the fintech offers business accounts for SMEs.
India’s CredAvenue hits unicorn status with $137m Series B round
CredAvenue will use the cash to invest in artificial intelligence, machine learning and data analytics.
US fintechs Growfin and PTO Exchange secure seed funding
US-based start-ups Growfin and PTO Exchange raise $1.4 million and $5.4 million, respectively.
ICYMI fintech funding round-up: Anfin, Hubuc, Intix, Pluto, Upswing, & WALO
Our weekly fintech round-up for you to get the latest funding news.
Shift4 to acquire cross-border payments provider Finaro in $575m deal
The company also confirmed the acquisition of cryptocurrency fundraising platform The Giving Block.
Bulgarian fintech Payhawk hits unicorn status with $100m Series B extension
The extension follows an initial $112 million Series B raise three months ago.
Digital business bank Grasshopper relaunches with focus on supporting SMEs
The bank has brought in a new leadership team and implemented a new technology strategy.
Broaden your horizons – cryptocurrency payments will be in high demand
Online merchants will soon need to offer crypto as a standard – how to choose the right platform for this?
Aussie SME financial management platform Thriday set to launch in beta
Thriday was set up to tackle “the poor quality of financial management solutions offered to small businesses”.
TreviPay acquires fellow B2B paytech Baton Financial Services
Start-up Baton “has built a unique, innovative B2B invoice payments network”, TreviPay says.
Kenyan start-up MarketForce lands $40m Series A funding
The oversubscribed round was led by Africa-focused investment vehicle V8 Capital Partners.
FX platform M-DAQ acquires B2B cross-border paytech Wallex
The deal forms part of M-DAQ’s growth strategy as it looks to expand into new international markets.
Standard Chartered’s SC Ventures launches supply chain finance platform
SC Ventures says TASConnect will unlock “significant value” for organisations.
Billtrust grows European presence with Order2Cash acquisition
Order2Cash is a B2B order-to-cash platform provider in the Netherlands.
FIS acquires embedded finance start-up Payrix
The Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service verticals.
African fintech start-up Stitch lands $21m Series A round
Stitch will use the cash to expand its team, launch new products and enter new markets on the continent.
UK alternative lender ThinCats secures additional £100m funding to support SMEs
ThinCats now has “£650m currently available to deploy in support of businesses across the UK”.
Apple’s iPhone to accept contactless payments with new ‘Tap to Pay’ feature
Tap to Pay will allow US merchants to accept cards, Apple Pay and digital wallet payments.
Revenue-based financing platform Silvr lands €130m Series A
Silvr intends to hire 100 people across its sales, marketing, product and tech teams.
B2B payments shouldn’t be a zero-sum game
New approaches to Accounts Payable (AP) and payment optimisation are creating mutual value for buyers and suppliers.
Colombian paytech Bold secures $55m Series B to boost financial inclusion
Bold wants to accelerate Colombia’s transition from cash to a digital payments economy.
Irish fintech start-up Wayflyer hits unicorn status with $150m Series B
The Dublin-based fintech is now worth $1.6 billion, making it Ireland’s sixth unicorn.
Subscription management platform Chargebee valued at $3.5bn following $250m raise
Chargebee CEO says the firm solves infrastructure issues facing high-growth subscription businesses.
Worldline plans to expand workforce by 25% with 5,000 new hires
Hires form part of strategy to become go-to paytech in Europe’s payments ecosystem.
Why everyone will know the term embedded lending in 2022
SME demand for finance is set to continue to grow globally in 2022.
German software firm SAP to acquire capital management fintech Taulia
Taulia will continue to operate as a standalone company under its own brand.
Zafin acquires fellow Canadian fintech Fincad
Together, Zafin and Fincad will become “one of Canada’s largest B2B fintech companies”.
Rupifi appoints early investor Rajesh Kamra to lead B2B payments innovation
Rupifi says it’s India’s “first embedded finance company” in the B2B payments space.
Start-up Vartana launches with $57m funding with aim to become the “Affirm for B2B”
Vartana is a new provider of managed checkout and BNPL options for businesses.
