Payment processing market to be worth $120.7bn by 2025
New research suggests that the value of the payment processing solution market is expected to grow from $74.4bn in 2020 to $120.7bn in 2025.
Mastercard and Visa pull out of Pornhub after abuse allegations
Visa and Mastercard have cut ties with Pornhub after both payment providers investigated allegations of child sexual abuse.
Cameroon-based Diool said to close $3.5m funding round
Diool, which helps small merchants in Africa accept payments, has reportedly collected $3.5m in funding to help it grow its operations.
Payments API developer Modulr secures investment from FIS Ventures
API payments infrastructure platform Modulr has received an investment from FIS Ventures, the investment division of FinTech solution developer FIS.
Michael J Fox, Ryan Reynolds and Drake among the stars backing Wealthsimple’s C$750m latest...
Canadian FinTech company Wealthsimple has raised C$750m from a funding round led by Greylock and Meritech.
FinTech Pecunpay unveils digital payment innovation centre
Spanish FinTech Pecunpay has launched a new digital payments innovation centre named FINTANK.
RoadSync secures $30m in its Series B round
Digital financial platform RoadSync has closed its Series B round on $30m, which was led by Tiger Global.
Yoco secures South Africa’s largest single investment raised by a payments company
South African payments company Yoco has secured $83m in its Series C, which it claims to be the largest single investment raised by a small business-focused payments platform in the Middle East and Africa.
Zepz looks to new geographies following $292m Series E
UK cross-border payments platform Zepz has secured $292m from a Series E funding round that has pushed its valuation up to $5bn.
Monese unveils new BaaS platform, enters partnership with Investec
Challenger bank Monese has entered a strategic partnership with Investec Bank following the recent introduction of the former’s banking-as-a-service (BaaS) platform.