B2B Payments

Bill payments firm Noventis has secured $4m in debt financing from Silicon Valley Bank to fuel growth of its processing platform. The Houston-based company serves more than 5,000 originators

Supply chain payments platform Tradeshift has raised $250m in its Series E funding round, which values the company at $1.1bn.

Indian online payments startup Razorpay has picked up a $75m Series C investment round from investors including Ribbit Capital and Sequoia Capital.

British H&M customers can now buy new threads and pay later thanks to a new solution provided by Klarna, the Swedish FinTech unicorn.

Freelance payment platform Paydesk has teamed up with TransferWise, the global money transfer company.

Credit card payment company Plastiq has attracted $75m in fresh capital to grow its team, develop more solutions and help small businesses to pay their suppliers, which may be getting trickier during the coronavirus crisis.

Thailand-based SYNQA, which designs online payment and blockchain technology, has raised $80m in its Series C round.

The instant payments market is expected to grow by 500% to reach $18trn by 2025 and will account for 17% of all B2B and consumer digital money transfers and payments.

The Bank of Jamaica is reportedly exploring regulatory framework for electronic payment service providers and is looking for industry proposals by January 15 2021.

India-based digital payments provider Paytm to allow merchants and retailers use an Android phone as a payments machine for near field communication credit and debit card payment transactions.