Infrastructure & Enterprise Software

A report by Allied Market Research has projected that the buy now, pay later (BNPL) will generate $3.98trn by 2030 and record a CAGR of 45.7% from 2021 to 2030.

A survey by open banking platform Tink has found that four in ten executives believe it will take their organisation between 5-10 years to fully implement open banking.

UK FinTech startup Plum FinTech has brought in $14m from a Series A funding round headed by Ventura Capital and DMG Ventures.

Founded in 2014, FinTecSystems is specialised in open banking infrastructure and data analysis to help companies make data-driven and automate decisions. At a time when companies are scrambling to protect their assets from criminal actors, could FTS’ open banking infrastructure be a flood barrier against the rising wave of financial crime?

A recent blogpost by Currencycloud has underlined how payment service providers (PSPs) and acquiring banks are best served to aid the growing cross-border e-commerce market.

Uganda-based asset financing startup Asaak has raised $30m in pre-Series A equity and debt funding, a report from TechCrunch has revealed.

Israel-based neobank Rewire, which provides services for expatriate workers, has raised a $25m strategic investment that it said will allow it to develop insurance products.

Global retail bank and Buy Now, Pay Later (BNPL) provider Klarna, has completed its acquisition of comparison shopping service PriceRunner.

Sweden-based Bricknode, a cloud financial services software company, sees itself as the SpaceX of the financial industry.

FinTech unicorn Pleo has named former Monzo CTO Meri Williams as its own CTO.