E-commerce

International payments provider Vitesse has picked Alessa by Tier1 Financial Solutions to help enable secure real-time global payment transactions.

With the aim to launch financial services, including financing and credit card issuing, Singapore-based startup Tinvio raised a $12m Series A led by AppWorks Ventures.

Mastercard and Verizon Business have entered a strategic partnership aimed at bringing ‘transformational solutions’ to the global payments and commerce industry.

Apple is working on a service that will let users pay for purchases in instalments in partnership with Goldman Sachs, sending shares of Afterpay and other buy now, pay later (BNPL) companies sharply lower.

Swedish FinTech Klarna acquired HERO, a social shopping platform that provides consumers with advice and shoppable content coming directly from retailers’ physical stores, with the aim to bring the best of in-store experience for its 90 million consumers.

India-based mobile wallet service firm MobiKwik filed a Draft Red Herring Prospectus (DRHP) filing for its IPO to raise $255m, becoming the latest Indian startup to explore the public markets.

Ascend Wellness Holdings (AWH), a cannabis operator, has selected ARCA, a cash automation solution provider for financial institutions, retail businesses and self-service kiosks, to streamline its back-office cash management in its retail stores.

Out of the 33 FinTech funding rounds we reported on last week, PayTech companies and lending enterprises were the clear winners.

Banking and payments software startup Weavr has secured £7m in a seed funding round led by VC firm Headline.

Clearco, an e-commerce investor, has secured $215m in its latest funding round, which wil help it deepen its suite of founder-first hub of products.