Mobile Payments

Digital payments and banking technology company Cashfree received an undisclosed funding amount from the State Bank of India (SBI) at a valuation of around $200m.

US-based Google Pay users can now remit money to GPay users in the Indian subcontinent via the Google Pay app as the company forays into international payments.

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

TerraPay, a global payments network known for its agility and vast reach, has partnered with Bancolombia, Colombia's foremost player in remittances in a bid to revolutionise cross-border remittances in the region.

The payment processing unicorn Stripe has joined the Silicon Valley elite after netting a $250m funding round and a $35bn valuation.

Klarna's losses grew sevenfold in the first six months of 2020 and now its ongoing conflict with the Swedish government has taken another turn.

Cross-border payments company Chipper Cash has become a FinTech unicorn after a $150m Series C extension round pushed its valuation just above $2bn.

Payment provider Karmic Labs has bagged $17.2m in its Series B funding round and adds two new members to its board of directors.

Indian FinTech unicorn Paytm lost $549m in the financial year ending in March.

Digital payments app PhonePe has reportedly collected a $20m investment from e-commerce giant Flipkart.