E-commerce paytech Reach lands $30m growth investment
The round, led by Vistara Growth, saw participation from Bluesky Equities, Tribune Capital and Rising Tide.
Payments
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.
Cross-border payments – do they have to be so complex?
Cutting out complexity and risk from cross-border payments is key to boosting global trade and facilitating economic recovery.
How embedded finance can help brands cater to the needs of Gen Z
Payments are now just as important to brand identity as top-of-funnel activities like advertising.
FinTech Futures: Top five stories of the week – 18 March 2022
Our pick of the top news stories from the world of finance and tech this week.
Payments for good – promoting financial inclusion
Vijay Oddiraju, CEO of Volante Technologies, looks at ways the payments industry can provide the rails for inclusiveness.
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.
Demystifying the Indian BNPL market
India is primed to be the largest BNPL market in the world with a massive addressable population.
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.
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.
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.
New SME banking player Pillar set to launch in Canada
Based in Montreal, Quebec, the fintech offers business accounts for SMEs.
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.
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?
Banking challenger and investing platform Finch set to launch in US
Finch boosts users’ credit score by reporting spending to US credit bureaus Equifax, Experian and TransUnion.
CIBC invests in start-up Pollinate; launches paytech service for Canadian SMEs, Tyl
Tyl by CIBC is a digital-first payment acceptance and merchant services platform for Canadian SMEs.
ICYMI fintech funding round-up: Blend, Canza, IMAN, NayaPay, NymCard, Plinqit, & Tiiik
Our weekly fintech round-up for you to get the latest funding news.
Pipe acquires Purely Capital to move into media and entertainment financing
Pipe claims to be “the creator of the world’s first trading platform for recurring revenues”.
TreviPay acquires fellow B2B paytech Baton Financial Services
Start-up Baton “has built a unique, innovative B2B invoice payments network”, TreviPay says.
A new way to give? – how fintech start-up DonateStock aims to simplify charitable giving
FinTech Futures speaks to DonateStock co-founder and chairman Steve Latham.
UK fintech start-up Weavr secures $40m Series A round; targets US launch
CEO Alex Mifsud says Weavr shortens the time it takes to launch embedded finance solutions.
Chat commerce platform Clickatell raises $91m Series C to boost expansion plans
Clickatell says chat is the largest digital platform in the world, with 7.7 billion users.
U.S. Bank and Payactiv launch earned wage access solution
“Payactiv invented EWA to free the American worker from the two-week pay cycle,” states CEO.
White paper: Frictionless cross-border payments – alternatives to correspondent banking
Volante and Aite address the importance of capitalising market opportunities in this free white paper.
Core banking tech vendor Technisys acquired by SoFi Technologies
Technisys’ shareholders will receive 84 million shares of SoFi common stock worth $1.1 billion.
Amazon and Visa bury the hatchet over UK credit card fees
Visa says the agreement includes “a joint commitment to collaboration on new product and technology initiatives”.
