Rapyd raises $300m in Series D, plans more acquisitions
It will double the engineering and product teams and expand the “self-service” element of the platform.
E-commerce
Ten trends set to influence the payments industry
The financial services and payments sectors have a bright future, should these trends continue to develop.
Indonesia’s BukuKas lands $10m led by Sequoia Capital’s Indian arm
BukuKas says it already serves some 3.5 million customers.
Checkout.com valued at European record $15bn after $450m raise
Profitable since it began, Checkout is an attractive proposition for investors.
UK payments acquirer Unlimint powers on with “aggressive” LatAm expansion
In November, the fintech rebranded to Unlimint from ‘Cardpay’ as part of its expansion plans.
UK fintech GoCardless raises $95m funding
The Series F round was led by Bain Capital Ventures and brings the total raised to-date to $240m.
London BNPL fintech Zilch latest to enter UK market with $30m
Zilch claims to be the only BNPL player to combine open banking with soft credit checks.
The Fintech Review: 2020
We cover embedded finance, competition, open banking, and CBDCs.
Capital One takes swipe against “risky” BNPL firms
“These kinds of transactions can be risky for customers and the banks that serve them.”
The perennial BNPL crown
Blind allegiance has seen the BNPL sector explode in 2020.
Paysafe to list via Bill Foley-backed Spac at $9bn valuation
Blackstone and CVC acquired Paysafe back in 2017 for £3 billion.
Revolut launches acquiring service for merchant customers
Revolut undercuts Stripe by 0.1%.
Stripe chases $100bn valuation with no sign of IPO
Stripe could see its valuation quadruple in just two years.
On-demand payment innovation at the heart of digital “new normal”
The COVID-19 pandemic has delivered industry changes in rapid time.
Breaking down borders for marketplace payments
CEO of Banking Circle explains rationale behind award-winning Banking Circle Marketplaces solution.
JP Morgan launches QuickAccept smartphone card reader to take on Square
QuickAccept was developed by the team from WePay.
Mastercard and Ethoca deliver greater transparency in digital banking applications
All merchants can upload their logos at logo.ethoca.com for inclusion in online banking and payment apps.
PayTech Awards 2020 now on YouTube: celebrity host, comedy stand-up, winners and more!
Watch Zoe Lyons perform her stand-up and unveil the winning projects, companies and people of PayTech Awards 2020.
How COVID-19 is altering the payments landscape for merchants
The pressure on merchants is immense to serve each individual consumer in the best possible way.
Barclays-backed Team8 launches fintech foundry with ex-Leumi CEO
The foundry’s first company will evaluate credit risk for ecommerce firms.
Klarna raises $650m funding at $10.6bn valuation
It has doubled its value which was previously set at $5.5 billion just over a year ago.
FinovateFall 2020: making the cost of compliance work for you and against the fraudsters
Discover the key to undermining the ability of criminals to profit from cyber-fraud.
GoCardless bags new chief revenue officer to tap enterprise space
The fintech is currently drawing back its growth to preserve cash.
Klarna set to nearly double valuation to $10bn
Klarna is looking to raise half a billion from a mixture of new and old investors.
PSP fintech Mollie joins unicorn club with €90m Series B funding round
Mollie was bootstrapped until its first funding round last year.
What the Fintech? Episode 13 | Commerce in the wake of COVID-19
Travis Skelly tells FinTech Futures all about how Citi Ventures evaluates ecommerce companies.
Aussie BNPL Zip closes $296m acquisition of US player QuadPay
“The US is a critical part of our global strategy,” says CEO.
Video: Top fintech stories this week – 28 August 2020
FinTech Futures’ weekly news round-up.
Afterpay acquires Spanish BNPL to advance into Europe
Afterpay already owns UK BNPL player, Clearpay.
2020 PayTech Awards hosted online by Zoe Lyons
Join our celebrity host Zoe Lyons for PayTech Awards 2020! Free broadcast on 10 September – everyone is welcome.
Goldman Sachs & Barclays among bidders for GM’s credit card business
GM’s credit card business has about $3 billion in outstanding balances.
What the Fintech? Episode 11 | Financial inclusivity in Russia
The CEO of Yandex Money talks about financial inclusivity in Russia.
Aussie BNPL Splitit lands $71.5m for US and UK expansion
Woodson Capital has become a substantial shareholder.
Cambodia payments fintech Clik lands $3.7m
The capital will also underpin its launch in Cambodia later this year.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
A2A payments set to threaten dominance of online card transactions
A2A payments could be an unintended beneficiary of SCA.
Max Levchin’s Affirm lands Shopify buy now, pay later deal
Affirm will power instalment payments for ‘Shop Pay’.
Faroe Islands speed up ecommerce with Clearhaus and Terminal.fo
The Faroe Islands are “experiencing a boom in the number of online businesses”.
Why mid-sized players should embrace the direct-to-consumer model
It’s imperative for businesses to be able to help customers directly.
Alibaba’s Ant plans Hong Kong IPO
“It is looking at selling between 5% and 10% of its shares in an IPO,” according to sources.
