Three ways FinTechs are leaning into PayTech innovation
In the wake of COVID-19, research suggests FinTech companies are experiencing a strong growth spurt giving them the opportunity to innovate like never before.
Mobile banking provider Current picks up $220m, triples valuation to $2.2bn
Venture capital firm Andreessen Horowitz led a $220m investment in Current which tripled its valuation giving it the unicorn status.
Ecommerce fraud losses of $20bn expected in 2021, China to be key fraud market
A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.
Brex valued at $7.4bn after Tiger Global-led $425m round
Corporate spend management firm Brex raised $425m in Series D funding, doubling its private valuation from a year ago at more than $7.4 bn.
NatWest to block cryptocurrency payments following earlier FCA warning
UK retail bank NatWest will not accept payments in cryptocurrencies, according to the company’s head of risk Morten Friis.
API developer Weav said to launch from stealth after $4.3m round
Weav, an API developer for commerce platforms, has reportedly launched out of stealth alongside the close of a $4.3m funding round.
Securrency closes its Series B round on $30m
Securrency, a blockchain-based financial and regulatory technology platform, has closed its Series B round on $30m.
MRB Direct scores funding from Austin Capital
MRB Direct, a solution developer for banks and non-financial institutions, has scored an investment from Austin Capital General Partner.
Bunq, Volt partner to bolster open payment technology
Dutch challenger bank Bunq has partnered with London-based payments company Volt to provide a faster way for Bunq customers to transfer money from other accounts.
API developer Okra closes seed round on $3.5m
Okra, which stylises itself as Africa’s open finance API, has closed its seed round on $3.5m.
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