E-commerce

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.

According to research from the Financial Health Network, one in four users of Buy Now, Pay Later (BNPL) services is financially vulnerable, and struggle to make payments.

UK-based Slip, which hopes to transform retail for businesses and consumers, has scored ?750,000 in pre-seed funding ahead of its launch this summer.

Global payments platform 2C2P has partnered with hoolah, an Asian Buy Now, Pay Later (BNPL) to offer its services to merchants in Singapore, Malaysia and Hong Kong.

Global FinTech platform Airwallex has partnered with Asian revenue-based financing platform Choco Up, to support the growth of cross-border e-commerce.

SimplyPayMe has netted $4m in funding as it seeks to expand in European and North American markets.

Shift, an end-to-end auto e-commerce platform for used cars, has entered into a definitive agreement to acquire certain assets of Fair Technologies for a combination of cash and shares of its Class A common stock.

Stax, an all-in-one payments platform, has collected $245m in a funding round, which brings its valuation to $1bn.

Online payment solutions AstroPay has expanded its payment links services across Latin America, in Peru, Chile, Mexico and Colombia.

Dubai-based buy now, pay later platform tabby has secured $50m in its debt financing round from Partners for Growth.