E-commerce

Global payments platform SumUp has bagged €590m in a funding round that values the company at €8bn.

Appletree digital commerce, has unveiled the Taking One Million African Traders Online Movement (TOMATO), its solution to the lack of opportunities for the youth across Africa.

Indonesian consumer payment platform Flip has secured the second close of its Series B, which brings the round’s total to $100m.

Dastgyr, a Pakistan-based B2B e-commerce marketplace platform, has raised $15m in Series A funding led byVEON Ventures.

MFS Africa, the largest digital payments network in Africa, has raised an additional $100m in debt and equity for its Series C, just six months after its initial close.

MasterCard has launched the ‘Your True Self is Priceless’ campaign as part of its celebration of Pride month.

Ebury, a European FinTech helping to simplify international trade, has announced its sponsorship with Serie B team Parma Calcio 1913 for the rest of the 2022/23 football season.

India-based CRED, which rewards users for paying their credit card bills, has reportedly raised $140m in its fourth investment in the past 18 months.

Indian credit card company Slice has reportedly raised $50m in a fresh financing round, which puts its valuation between $1.5bn and $1.8bn.

One in four UK merchants predict open banking to become the most popular payment method by customers in the next five years, according to a report from Nuapay.