B2B Payments

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.

Visa and Mastercard have cut ties with Pornhub after both payment providers investigated allegations of child sexual abuse.

Diool, which helps small merchants in Africa accept payments, has reportedly collected $3.5m in funding to help it grow its operations.

API payments infrastructure platform Modulr has received an investment from FIS Ventures, the investment division of FinTech solution developer FIS.

Canadian FinTech company Wealthsimple has raised C$750m from a funding round led by Greylock and Meritech.

Spanish FinTech Pecunpay has launched a new digital payments innovation centre named FINTANK.

Digital financial platform RoadSync has closed its Series B round on $30m, which was led by Tiger Global.

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.

UK cross-border payments platform Zepz has secured $292m from a Series E funding round that has pushed its valuation up to $5bn.

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.