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.
StoreHub, a cloud-based point-of-sale (POS) system for merchants, has reportedly closed a Series A+ round on $8.9m.
Movii, a Colombian FinTech aimed at helping people buy products around the world, has reportedly raised $15m in its Series B funding round.
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.
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.
Los Angeles-based FinTech Park Place Payments raised $1.5m in a seed funding round led by Curate Capital.
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.
KodyPay, which hopes to make payment acceptance easier to implement, has scored $3.25m in an oversubscribed funding round.
Mobile point-of-sale terminal developer Soft Space Sdn has nabbed an undisclosed Series B from Sumitomo Mitsui Card Company.
Brazilian mobile payments and wallet platform RecargaPay has secured $22m in its Series B round.