Payments for good – promoting financial inclusion
Vijay Oddiraju, CEO of Volante Technologies, looks at ways the payments industry can provide the rails for inclusiveness.
Payments
State of play: fintech and telco
How we pay, what we pay, and who we pay is changing, and telco firms are well positioned to take advantage.
Rutter raises $27m in Series A to become “Plaid of commerce”
Rutter’s $27 million Series A funding round was led by Andreessen Horowitz.
Pakistani B2B e-commerce platform Bazaar lands $70m Series B
The latest investment takes Bazaar’s total capital raised to more than $100 million.
Green paytech ReforestPay to launch in UK and EU
The firm says it will plant a tree for every transaction it processes.
Demystifying the Indian BNPL market
India is primed to be the largest BNPL market in the world with a massive addressable population.
Credit Libanais, Codebase Technologies and Visa team for financial inclusion in Lebanon
Credit Libanais launches an instant, fully e-KYC onboarding mobile application for a virtual prepaid card.
Investment platform Hargreaves Lansdown heads to the cloud with Bottomline paytech
Bottomline PTX forms part of “digital backbone” of Hargreaves Lansdown, says CTO.
Fintech app Curve launches in US, loses COO
Curve launched in 2018 and has already spread to 31 markets across the globe.
What The Beatles can teach us about open banking payment adoption
Open banking payments globally look set to have their own ‘Beatlemania’ moment.
US fintechs Selfbook and Stellar raise funds
New York-based Selfbook landed $15 million, while Austin-based Stellar raised $7 million.
Zeta partners Mastercard to shake up credit card issuance
The payments giant has also invested $30 million, alongside other investors, into Zeta.
ICYMI fintech funding round-up: in3, Noh, PictureWealth, Touché, and Yep!
Our weekly fintech round-up for you to get the latest funding news from around the world.
US payroll platform Branch closes $75m Series C round
Branch claims its workforce payments platform revenue grew by more than 700% over the last year.
UK fintech funding round-up: mmob, Satago, SteadyPay, & Thirdfort
A handy round-up of the recent funding endeavours of UK-based fintechs.
Banking Technology Magazine March 2022 issue out now
Cover story: HAVE A HEART – Injecting a little love into AI.
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.
Al Fardan Exchange and Thunes partner for instant payments to 87 countries
Al Fardan Exchange customers can make payments to 87 countries in Europe, Africa, APAC and LatAm.
Enterprise tech provider NCR buys open banking IP from UK fintech Spoke
NCR says the deal will accelerate its push into open and international digital banking.
Payoneer taps cybersecurity firm ThetaRay for AI-powered transaction monitoring
Payoneer will deploy ThetaRay’s Sonar solution from Q2 2022.
Paytech Dash lands $32.8m seed round to unify Africa’s mobile money wallets
Dash is a unified payment network for the 1.3 billion Africans currently transacting digitally.
PPRO acquires Alpha Fintech to become “global payments powerhouse”
The Alpha Fintech takeover will extend PPRO’s reach to Asia Pacific.
New SME banking player Pillar set to launch in Canada
Based in Montreal, Quebec, the fintech offers business accounts for SMEs.
BNPL platform tabby raises $54m in Series B extension round
The cash will go towards expanding its product offering and supporting its international expansion.
LHV Group set to acquire Estonian paytech EveryPay
LHV CEO says growing its payment services business has become an important part of the firm’s growth strategy.
Aussie BNPL firm Zip confirms Sezzle acquisition
The deal values Sezzle at approximately $360 million (AUD 491 million).
Collaboration between banks and fintechs can bring faster speeds to the international payments space
Collaboration has driven considerable innovation in the international payments market in recent years.
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.
Boku offloads ID verification division to focus on mobile payments
Boku CEO says the sale will allow the firm “to focus on developing our mobile payments solutions”.
Shift4 to acquire cross-border payments provider Finaro in $575m deal
The company also confirmed the acquisition of cryptocurrency fundraising platform The Giving Block.
UK fintech funding round-up: Delio, Detected, Kolleno, Nosso, Strabo, & Yimba
A handy round-up of the recent funding endeavours of UK-based fintechs.
Australian fintech Zeller lands $73m Series B funding
Zeller says it has signed up more than 10,000 Australian businesses within eight months.
Banking infrastructure provider LHV UK taps Tuum for core banking tech
Tuum is a banking customer of LHV UK, and now LHV UK has become Tuum’s tech user.
Lloyds partners fintech Bink to create unified customer loyalty programme solution
Lloyds has also made an equity investment for a minority stake in Bink.
Sustainability paytech Helpful’s digital wallet cuts transaction CO2 by 80%
Helpful says the average amount of CO2 every checkout payment produces is 3.78g.
Mastercard, Pine Labs and DBS Bank to roll out BNPL credit card offering
The solution will be available on all DBS Mastercard, Visa and American Express credit cards.
Payment platform Cheddar acquires Upside in open banking move
Upside’s open banking product will be added to Cheddar’s free payment offering.
Volopay raises $29m in equity and debt for international expansion
Volopay is “building the control centre for modern companies for all their financial management needs”.
