Banking Infrastructure

FinTech company Zilch has revealed it has expended its partnership with Mastercard to help bring the former’s buy now, pay later (BNPL) card digital card to Europe.

Twig, which describes itself as a UK circular economy FinTech scaleup, has closed its Series A round on $35m.

India-based neobank Kaleidofin has raked in $10m from a Series B headed by the Michael and Susan Dell Foundation.

In an age where the traditional form of in-person payments is being restricted due to Covid-19 restrictions, the rise of PayTech seems almost inevitable. With more people than ever now using payment technologies, the demand for funding is also climbing.

Revolut has launched as a bank in 10 select Western European countries in order to offer customers in these regions deposit protection.

French challenger bank Qonto has landed $552m in Series D funding, propelling it to a $5bn valuation, a report by Finextra has revealed.

PayVEDA, which helps make bill payments easier, has reportedly collected $11.5m in its Series A funding round.

Netherlands-based financing platform Levenue has purchased FinTech Requr for an undisclosed fee.

Open banking platform Ecospend has partnered with banking-as-a-service (BaaS) provider Contis to offer a wide range of BaaS products to both its customers.

Digital commercial bank Grasshopper has closed a $30.4m in a funding round, which brings its total capital raised to $160m.