B2B Payments

Global spend and procurement platform PayEm has pulled in $27m in funding over two rounds following a strong fiscal 2021.

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

Mobile payments service provider SwiftPass and international mobile payments platform Wallyt have partnered with Findora to support a payment network.

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

UK-based payments company GoCardless has reportedly reached a valuation of $970m, after the close of a $95m Series F round.

Klarna and Afterpay just got more competition in the US as Australian buy now, pay later provider Openpay has just kicked off its operations in the country.

Last week’s 32 FinTech rounds highlight how Latin America is exploding with new activity, how open banking has nudged closer to being fully adopted across Europe and the rising popularity of teen-focused ventures.

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

Last week week saw 28 FinTechs close investment deals. Three sectors in particular proved especially successful.

Payments service provider APEXX Global has reportedly closed an $8m Series A round which brings the company’s total equity raised to $12m.