Banking Infrastructure

Columbian buy now, pay later (BNPL) firm Addi has snared $65m in debt and equity funding.

Mexican card and spend management company Clara has closed a $30m Series A round led by DST Global Partners.

All-in-one financial platform for freight and logistics companies Axle closed its Series A round on $10m.

The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?

A biodiversity module has been introduced to help financial institutions (FIs) explore to what extent their portfolios may impact species extinction and ecological integrity.

A survey has found 70% of respondents believe organisations have a responsibility to demonstrate environmental, social and governance (ESG) performance to investors.

US PayFac-as-a-service company Tilled has raised $11m from a Series A round to help software companies monetise payments coming through their platforms.

Swiss FinTech Neon has introduced a sustainable bank account for its customers available through its mobile app.

Revolut Business has launched an invoice feature to help companies in the UK and the EU streamline their payments.

Cloud payments provider Volante Technologies and Deloitte have teamed to offer a new service aimed at transforming how financial institutions (FIs) run their payments business.