B2B Payments

Anglo-Gulf Trade Bank is a new venture supported by Microsoft and Publicis Sapient, the digital business transformation hub of Publicis Groupe, the communications group.

ePayRails, a payments-as-a-service provider, has collected $2.45m in its Series A round.

Bank customers were left unable to access their money after neobank Monzo’s services went down on Monday July 29.

The San Francisco and Lagos-based FinTech startup Flutterwave aims to leverage a new partnership with e-commerce giant Alibaba to take a slice of the China-Africa trade. This trade is estimated to be worth $200bn.

The Payment Systems Regulator (PSR), the subsidiary of Britain’s Financial Conduct Authority, has revealed physical money still pays a roll in the UK.

VertoFX, a B2B foreign exchange and payment platform, has reportedly raised $2m in its seed round.

New research from Juniper Research, the FinTech and e-commerce analyzing agency, reveals that consumers may be swapping cash for digital payments more often in the future.

Optal, a B2B transactions specialist, has signed a new deal with British Lloyds Bank.

With its new capital injection, payment services startup Finix is set to challenge the likes of Stripe and Square.

UK-based PayTech Soldo has raised $61m in its Series B investment round to close its biggest round since launch.