Jack Dorsey’s Square buys Afterpay in $29bn deal amid buy now, pay later boom

Twitter co-founder Jack Dorsey's digital payments platform Square has acquired Australian 'buy now, pay later' firm Afterpay to create an online payments powerhouse and help accelerate Afterpay’s growth in the US.

Opay nets $400m to become Nigeria’s newest unicorn in Softbank-led funding round

Lagos-based mobile payment platform OPay reportedly raised $400m in a funding round led by SoftBank Vision Fund 2, valuing it at $2bn.

Branded payments company Recharge.com secures $35m Series B

Recharge.com, which has designed a selection of consumer-branded payments, has raised $35m in its Series B funding round.

More than half of consumers want more payment choices at the checkout

A recent study by payments platform Paysafe has found 52% of customers worldwide are keen to see more payment options available for use at the checkout.

EdfaPay secures pre-seed for Saudi PayTech

Saudi-based FinTech EdfaPay has raised $1.6m in a pre-seed round led by Nuwa Capital InspireUs VC and Wallan Investment Group.

Southeast Asia payment giant Xendit bags Series D

Southeast Asia-focused payments infrastructure platform Xendit has closed its Series D funding round on $300m.

Mexico’s digital payments service Clip secures $50m credit facility

Mexico-based commerce and digital payments platform Clip has received a $50m credit facility from Morgan Stanley, JP Morgan and HSBC.
Alibaba sells half its stake in India-based payments company Paytm

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.

Standard Chartered teams up with Tazapay for cross border e-commerce

Standard Chartered has partnered with global payments platform Tazapay to deliver “seamless payments” for cross border e-commerce.

NewStore secures $50m Series B

Mobile retail platform NewStore has secured $50m Series B funding round led by Activant Capital.

News Stories


Medius strengthens spend management offering through AI-powered Expensya acquisition

Medius, an eminent provider of accounts payable (AP) automation based in Stockholm, Paris and Tunis, has disclosed plans to acquire Expensya, an expense management software enterprise.
C6 Bank launches Brazil's first automatic carbon calculator

C6 Bank launches Brazil’s first automatic carbon calculator

C6 Bank, a progressive Brazilian financial institution, has taken a significant step towards sustainable banking by introducing the country's first automatic carbon footprint calculator product.

Digital trade finance platform Mitigram bags $11m, eyeing accelerated growth

Stockholm-based Mitigram, delineated as the pioneering force in the realm of digital platforms dedicated to global trade financing, has raised $11m in fresh funding.
Payrails scales FinOps with $14.4m funding led by EQT Ventures

Payrails scales FinOps with $14.4m funding led by EQT Ventures

Payrails, a Berlin-based FinTech firm providing a robust payment operating system for global platforms, announced today its successful fund-raising effort.

LendingStandard accelerates with a $6.7m boost in funding

LendingStandard, a Kansas City-based startup, has secured $6.7m in a fresh funding round. 

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