Africa-focused digitised payment dev Interswitch bags $110m
Interswitch, which is pioneering the shift to digitised payments, has scored $110m in funding.
Zoop receives license from Brazilian Central Bank as licensed Payment Institution
Zoop, a pioneering B2B FinTech, has received authorisation from the Brazilian Central Bank which will enable them to act as a Payment Institution, and an electronic currency issuer (EMI).
Advent extends payments reach to Argentina with Prisma deal at $1.42bn valuation
Global buyout house Advent International has bought a 51 per cent stake in Argentinian payments business Prisma Medios de Pago in a deal valuing the company at about $1.42bn.
Brazil-based Swap said to raise $3.3m in funding
Swap, a Brazilian FinTech helping companies access payments, has reportedly raised $3.3m in a funding round.
LatAm FinTech Solvento gains $50m to improve trucking payment software
Solvento, has secured a significant $50m debt facility from Lendable, as it launches its automated invoice auditing solution. This achievement is coupled with an oversubscribed...
PayPal teams up with Xero for SME invoices
PayPal is making further moves into the B2B payments space through a partnership with SME accounting platform Xero.
Ecommerce fraud losses of $20bn expected in 2021, China to be key fraud market
A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.
Ant Financial co-leads RMB1bn round for Chinese logistics, FinTech provider Keking
Alibaba's Ant Financial has co-led an RMB1bn ($144m) Series C financing round for Chinese logistics and FinTech business Keking.
kevin. eyes bolstered payments offering following substantial seed raise
Lithuanian PayTech startup kevin. has secured $10m from a seed funding round co-led by OTB Ventures and Speedinvest.
Extend snares $40m from March Capital-led Series B
Digital payments infrastructure platform Extend has secured $40m from a Series B fundraising round.
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