Customers abandon purchases because of strong customer authentication processes
Last year, the EU started to roll out its strong customer authentication (SCA) rules to make it safer to buy things online, but it seems it is making customers abandon their purchases, according to new Microsoft research.
PPRO scores $50m in funding after a year of strong growth
PPRO, a local payments platform-as-a-service, has closed a $50m funding round after witnessing an 85% increase in transaction volume.
Payment service provider Mollie collects €90m in Series B round
FinTech Mollie has closed a €90m Series B funding round, taking the total amount raised by the company to €115m.Technology-focused growth equity investor TCV...
Japan-based hey closes a Series E round to support the adoption of its technology
hey, which helps businesses in Japan create online stores and accept cashless payments in-store, has closed a Series E round led by global private equity investor Bain Capital Tech Opportunities.
Volante Technologies bags $35m in funding as it preps for big expansion plans
Volante Technologies, which offers payments and financial messaging solutions via the cloud, has bagged $35m in its latest equity round.
EMQ bags $20m in its Series B as it looks to increase its international...
Global financial settlement network EMQ has bagged $20m in Series B preferred shares, which will help it with licensing activities in Asia, Europe and the Americas.
Morocco-based OnePay secures $417,000 funding round
Moroccan FinTech company OnePay has reportedly bagged $417,000 in funding from MITC Capital Maroc Numeric Fund II, which is targeting startups in Morocco.
Miss these 27 funding rounds at your own peril
From stocktrading to teenage finances, last week's funding rounds provide plenty of things to consider for the future of the industry.
Virtual card provider Privacy.com closes Series A on $10.2m
US-based virtual card platform Privacy.com has scored $10.2m in its Series A round, which was led by Teamworthy Ventures.
TradeDepot secures $10m to expand its financial services
Nigerian TradeDepot has reportedly netted $10m in a new funding round co-led by Partech, the International Finance Corp., Women Entrepreneurs Finance Initiative and MSA Capital.
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