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.
Stripe sees valuation cut by 11%
Stripe, the US-based PayTech giant, has reportedly seen its valuation cut by 11% and now sits at $63bn.
Butter nabs Series A to aid mission of fixing payment failures
Butter, which has built a payments technology to fix payment failures, has secured $22m in its Series A funding round,
Indonesian FinTech startup FLIK collects $1.1m in pre-seed
FLIK, an Indonesian FinTech platform that offers a unified checkout solution, has reportedly secured $1.1m in its pre-seed funding round.
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