B2B Payments

Bulgarian payments and expense solution Payhawk has been valued at $570m after the close of a $112m Series B - the second largest in Central and Eastern Europe.

Global Processing Services (GPS) has extended its recent $300m investment round, which now sits at more than $400m.

Since the onset of the Covid-19 pandemic, there has been a huge increase in the amount of cross-border payment and ecommerce sales taking place.

Sonovate, a developer of embedded finance and payment solutions for the contingent workforce, has bagged £165m in a securitisation deal.

Cloud-native payment technology provider Form3 has closed a venture debt facility on €23m to support its rapid global expansion.

 Weavr, which is helping transform business with embedded finance, has acquired B2B open banking platform Comma Payments.

Canadian FinTech firm, Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), and Plaid, an influential data network, have announced the extension of their existing partnership, aiming to transform the eCommerce landscape by optimising bank-based payment experiences.

Tietoevry Banking, a dominant force in financial technology solutions worldwide, has teamed up with the Maldives Monetary Authority (MMA), the nation's central banking entity, to roll out an advanced instant payments and smart addressing system.

Science Card, a UK-based neobank, is pioneering a unique science funding infrastructure, specifically by enabling socially-conscious financial transactions through its e-money current account app. In a groundbreaking move, Science Card has joined forces with the Department of Mechanical Engineering at UCL (University College London), a renowned institution leading in scientific research and innovation.

Zone, an emerging powerhouse in Africa's financial technology landscape, announced a significant milestone in its growth trajectory with the completion of an $8.5m oversubscribed seed funding round.