E-commerce

Despite coronavirus fears, the last week saw a number of FinTech companies raise money.

The size of online payment market is set to rise as more customers get smartphones, according to new research from Valuates Reports.

Payments giant Stripe has led the $20m round raised by Fast, a startup building platform-agnostic login and checkout services.

Credit card payment company Plastiq has attracted $75m in fresh capital to grow its team, develop more solutions and help small businesses to pay their suppliers, which may be getting trickier during the coronavirus crisis.

?Total funding in the sector over the last five years surpassed $66bn as digital payment methods become more common.

As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.

The global COVID-19 outbreak could worsen business and funding conditions as well as changing private FinTechs’ exit options, according to a new report.

While the UK and France may prefer credit cards and e-wallets, the rest of Europe would rather pay other ways when buying things online.

PhonePe is partially spinning out from Flipkart and has raised $700m in a round led by Walmart and supported by prior investors.

Swedish PayTech unicorn Klarna and Wirecard, the FinTech company, have launched a joint payment solution.