Fintech start-up Papaya lands $50m Series B round to simplify bill payments
New cash injection takes the firm’s total capital raised to date to around $65 million.
New cash injection takes the firm’s total capital raised to date to around $65 million.
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The new cash will fund the start-up’s expansion into Brazil.
In the US, real-time solutions look set to revolutionise payments as we know them.
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The Series B funding round was led by Tiger Global.
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“The market for simplifying net terms payments and embedding BNPL payment options is exploding”, CEO says.
An unrivalled opportunity to be on the forefront of paytech innovation and gain exclusive insights.
Founded in 2018, the start-up has raised $205 million in equity and debt financing to date.
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Tipalti says new funding places it “among the most valuable private fintech companies in the world”.
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Funds will be used for product development and to accelerate growth in Mexico and Latin America.
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The merger will “create the world’s first global issuer-processor spanning 49 countries”.
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The recruitment drive would take its total headcount to 4,000.
Tie-up follows $188m funding for Jeeves, which launched at the start of 2021.
Product expansion, including into payments, is planned for its small business platform.
The payments processor has seen a sharp increase in volumes in the last 18 months.
Tie-up expands capabilities for the US customers of Unit’s Banking-as-a-Service (BaaS) platform.
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Nobly POS software will be integrated with Revolut payment offerings internationally.
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The Dublin-based company will use the funding to extend country coverage and headcount.
The San Francisco-based company has now raised $100m in total funding to date.
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