Financial comparison site money.co.uk slammed buy now, pay later firm Klarna founder for claims that it offers a fairer and more equitable platform for consumer spending than credit cards.
According to research from the Financial Health Network, one in four users of Buy Now, Pay Later (BNPL) services is financially vulnerable, and struggle to make payments.
Yoyo, a platform to help create branded app and loyalty schemes, has secured $30m in its latest funding round.
Zaapi, a mobile app that enables small businesses to launch an e-commerce presence, has raised $4m in seed funding.
E-commerce platform Akulaku has reportedly raised a funding round between $5m and $10m, which was completed earlier this year.
Payment processing giant PayPal's share price went down in after hours trading even though the company beat expectations in its quarterly earnings report.
Netherlands-based automated payments company Payaut has reportedly closed yet another funding round this year, bagging €2.6m in seed capital.
Global retail giant Amazon has partnered with buy now, pay later (BNPL) company Affirm to provide its US customers with a BNPL option at the checkout.
Nearly a third of UK consumers (30%) are spending less online because refunds take too long and they’re worried about their bank balance, a report from Tink claims.
Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.