US Justice Department investigates Visa over debit card practices
Visa is in legal hot water as it faces a regulatory investigation by the US Department of Justice (DOJ) over concerns of whether it is using anticompetitive practices in the debit card market.
Payment firm Airwallex closes a $100m Series D round at $2.6bn valuation
Melbourne-based cross-border FinTech Airwallex raised another $100m in an extension to its Series D round.
Zaver banks $5m to facilitate cardless and BNPL payments in the durables sector
Zaver, a Swedish FinTech enabling merchants to accept cardless payments and offer buy-now-pay-later (BNPL) services, raised $5m in new funding.
Why SumUp and Stripe took centrestage among the 41 FinTech investment rounds last week
Of the 41 FinTech investment deals last week, companies in three sectors, in particular, proved to be exceptionally successful as the list of FinTech unicorns continues to grow.
Real estate PayTech firm DepositLink draws in $3.5m seed funding
Boston-based electronic payments provider for residential real estate transactions DepositLink closed a $3.5m seed financing round by angel investors.
FinTech firm Pollinate raises $50m in Series C round
London-based FinTech Pollinate has closed a $50m Series C round led by Insight Partners.
Brim Financial rakes in $25m through Series B funding round
Canadian FinTech and certified credit card issuer Brim Financial secured $25m in a Series B round co-led by Desjardins Group and EPIC Ventures.
Axis Bank rolls out wearable contactless payment device Wear ‘N’ Pay
In a bid to encourage the mainstream adoption of cashless transactions, India-based banking group Axis Bank launched its own range of wearable contactless payment devices, called Wear N Pay.
SumUp scores €750m in funding to support acquisition plans
Global payments service provider SumUp has closed a €750m funding round, to support its acquisition plans.
Stripe’s valuation soars to $95bn after $600m fundraise
Online payments technology provider Stripe raised a new $600m funding round that values the company at $95bn, nearly tripling from $36bn since April 2020.
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