MobiKwik lands $40m strategic investment from Net1

Indian digital wallet MobiKwik has secured a deal with South African mobile payments firm Net1 that will see it receive $40m over two years as a strategic investment.

POS developer StoreHub collects $8.9m in new round

StoreHub, a cloud-based point-of-sale (POS) system for merchants, has reportedly closed a Series A+ round on $8.9m.

Colombian FinTech Movii closes Series B on $15m

Movii, a Colombian FinTech aimed at helping people buy products around the world, has reportedly raised $15m in its Series B funding round.

Contactless payment transaction value to reach $10trn by 2027

The value of contactless payment transactions is expected to reach $10trn by 2027, up from $4.6trn in 2022, according to data from Juniper Research.

Carrum Health secures $6.5m for group healthcare payments

Group healthcare payments company Carrum Health has picked up $6.5m in Seed funding. Wildcat Venture Partners led the round with participation from SJF Ventures and SpringRock Ventures.

Curate Capital leads $1.5m seed funding round for Park Place Payments

Los Angeles-based FinTech Park Place Payments raised $1.5m in a seed funding round led by Curate Capital.

IBM Reportedly planning acquisition of point-of-sale business Revel

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.

Mobile-based POS system KodyPay secures $3.25m in oversubscribed round

KodyPay, which hopes to make payment acceptance easier to implement, has scored $3.25m in an oversubscribed funding round.

Mobile POS developer Soft Space closes Series B from Sumitomo

Mobile point-of-sale terminal developer Soft Space Sdn has nabbed an undisclosed Series B from Sumitomo Mitsui Card Company.

Brazil-based RecargaPay secures $22m Series B

Brazilian mobile payments and wallet platform RecargaPay has secured $22m in its Series B round.

News Stories

Plan A

Plan A teams with Visa to decarbonise businesses globally

Visa will team with Plan A to offer its Sustainability platform as a part of its FinTech Partner Connect programme to Visa’s issuer network.
The role of digital investing in the cost-of-living crisis

The role of digital investing in the cost-of-living crisis

As the cost-of-living crisis takes hold of the world, there are bound to be a number of challenges the financial market will need to brace for. One of the ways firms are looking to prepare for the challenge is through technology. 
InsurTech Stubben Edge acquires Insurercore

InsurTech Stubben Edge acquires Insurercore

Stubben Edge Group has acquired Insurercore, a tech enabled distribution platform headquartered in London.

NatWest appoints Google veteran to direct innovation

Financial giant NatWest has named David Grunwald, a former Google executive, as the company’s first-ever director of innovation and partnerships.

Simply Business teams up with Appalachian Underwriters to offer general liability solutions

Simply Business, a Boston-based digital insurance company, has partnered with Appalachian Underwriters (AUI) to offer general liability solutions.

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