Cross Switch buys 50% stake in Morocco-based FinTech Vantage Payment Systems
Cross-border payments company Cross Switch has acquired a 50% stake in Vantage Payment Systems, a FinTech aiming to democratise payments in Morocco.
Digital payment platform Kasheesh welcomes star-studded funding round
Kasheesh, which claims to be a first-to-market digital payment platform, has increased its total capital raised to $8.5m, with backing from high-profile investors.
Cross-border payments FinTech Tazapay nets $16.9m
Tazapay, a cross-border payments company, has raised $16.9m in its Series A funding round, which was led by Sequoia Capital Southeast Asia.
Car IQ nets $15m to bolster its integrated vehicle payments tool
Car IQ, a provider of vehicle payments, has exceeded its Series B target, closing the round on $15m.
Credit cards issued through digital platforms to soar by 170%
The number of credit cards issued via digital card issuance platforms will exceed 321 million globally by 2027, up from 120 million in 2023.
Twitter applies for payments licences
Twitter has reportedly applied for regulatory licences across the US and is exploring software that would introduce payments on the platform.
Tech subscription platform Raylo nets £110m from NatWest, Quilam
Raylo, which provides UK consumers with access to tech products through subscription, has received £110m in debt financing from NatWest bank and Quilam Capital.
Digital payments app PhonePe joins FinTech decacorn club
Digital payments app PhonePe becomes a decacorn following the closing of a $350m funding round, which doubles its valuation to $12bn.
Paddle makes 8% of its workforce redundant
Payments company Paddle has made 8% of its workforce redundant, which it blames on the current inflationary market and needing to hunker down for survival.
Alibaba sells half its stake in India-based payments company Paytm
Chinese e-commerce giant Alibaba has reportedly sold half of its position in India-based payments company Paytm.
© FinTech Global © Copyright 2024. All rights reserved.
