E-commerce

Almost 4,000 regulated firms in the UK were at risk of failing in October and 59% of companies believe Covid-19 will have an adverse effect on their business, according to research from a City watchdog.

Hot on the heels of its merger with Italian FinTech Nexi, Nets has now acquired Finnish e-commerce company Checkout Finland.

Diool, which helps small merchants in Africa accept payments, has reportedly collected $3.5m in funding to help it grow its operations.

Storfund, which helps retailers improve their e-commerce operations, has reportedly raised $36.5m in new funding.

Massive amounts of capital have been injected into the FinTech industry in 2020, but ten companies raised bigger rounds than the rest.

Klarna and Afterpay just got more competition in the US as Australian buy now, pay later provider Openpay has just kicked off its operations in the country.

Last week’s 32 FinTech rounds highlight how Latin America is exploding with new activity, how open banking has nudged closer to being fully adopted across Europe and the rising popularity of teen-focused ventures.

FinTech company ChannelVAS has secured $5m in funding from investment firm Convergence Partners.

Visa and Mastercard have cut ties with Pornhub after both payment providers investigated allegations of child sexual abuse.

Netherlands-based automated payments company Payaut has reportedly closed yet another funding round this year, bagging €2.6m in seed capital.