Apax acquires majority stake in Solita from Vaaka Partners
Apax Partners’ growth equity vehicle The Apax Digital Fund has acquired a majority stake in Finnish digital transformation company Solita from Vaaka Partners.
ImaliPay, Renda partner to support businesses in Africa
ImaliPay, a global FinTech-as-a-service provider, has teamed up with third party e-commerce fulfilment solution Renda.
PayPal to deposit $135m to tackle economic inequality in underserved communities
PayPal will deposit $135m into financial institutions and management funds to help underserved communities of colour fight economic inequality.
Flux raises $1.5m in seed funding round led by PROfounders
UK-based banking app Flux has raised $1.5m in its seed funding round, which was led by PROfounders.
Capchase closes $125m Series A round
Capchase, which is designed for recurring revenue companies, has closed its Series A on a colossal $125m, as it looks to expand operations in the UK and Spain.
Jojonomic pulls in $1.5m to take the misery out of expenses
Expenses management app Jojonomics has raised $1.5m in a round led by Maloekoe Ventures.
ECB warns that big tech entering the FinTech space could lead to security risks
The European Central Bank has warned that Europe's failure to produce big tech companies of its own to compete with American ones could leave the EU exposed and reliant on foreign providers as big tech moves into the FinTech sector.
HR platform Workstream extends Series B with additional $60m
Workstream, a mobile-first hiring and onboarding platform for the deskless workforce, has extended its Series B round with an additional close of $60m, bring the total raised in the round to $108m.
Tink inks open banking partnership with Lydia
French mobile payment app Lydia has tapped Swedish FinTech Tink to use its open banking technology, empowering it to leverage access to PSD2 APIs across Europe.
Ramp secures $5m to help teams plan for the future
Ramp, a forecasting analytics startup, has raised $5m in seed funding to transform how global finance teams plan for the future.