B2B Payments

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.

Mobile cross-border money transfer startup Chipper Cash plans to hire 30 more staff members after bagging $13.8m in fresh capital.

Singapore-based FinTech startup Thunes has secured $60m in a Series B funding round led by Helios Investment Partners.

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.

Israeli FinTech Rewire closed a $20m Series B funding round led by crowdfunding platform OurCrowd to expand its cross-border international banking service for migrant workers.

Yoello, which helps businesses accept mobile payments, has received an undisclosed investment from Welsh Bank Hodge.

Fintecture, which aims to make instant payments safer and cheaper, has reportedly collected €6.2m in its seed round.

The European Union has revealed it intends to introduce a new digital wallet that will be available for use across all 27 member states by 2022.

A new report by the Emerging Payments Association EU (EPA EU) and The Paypers offers a review across Europe’s individual payments markets, ranking the key players according to their place in the value chain and several financial indicators.

US FinTech firm Fiserv and Goldman Sachs have introduced their first product offering from its ongoing strategic partnership.