IKEA forays into banking sector with a 49% stake in Ikano Bank
Expanding its business into other areas, Swedish furniture giant IKEA has entered the banking space by acquiring a 49% stake in Ikano Bank.
Zaver banks $5m to facilitate cardless and BNPL payments in the durables sector
Zaver, a Swedish FinTech enabling merchants to accept cardless payments and offer buy-now-pay-later (BNPL) services, raised $5m in new funding.
Saudi Payments teams with IBM, Mastercard to launch instant payment system
Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.
Clair partners with MetaBank, Galileo to expand user accessibility
US FinTech Clair has partnered with sponsor bank MetaBank and payments processor Galileo to bolster user accessibility on its platform.
Bottlepay unveils cross-border payments app in Europe
Real-time global payments system Bottlepay has rolled out its payments app across Europe.
Bari Bank introduces credit and debit card for children
Italian digital bank Bari Bank has introduced a debit and credit card supplied with pre-set funds for children and teenagers.
Percent picks up $5m to help power donations for good causes with every transaction
Percent, an API-provider allowing firms to customers to donate to good causes, has secured a $5m venture round led by Morpheus Ventures, allowing it to expand in the US, as well as its existing presence in the UK and Australia.
Rio Ferdinand-backed Sokin unveils subscription payments platform in UK, Europe
London-based PayTech firm Sokin has introduced the first subscription-based global payments solution in the UK and European markets.
BNPL platform Scalapay snags $155m in Tiger Global-led round
Italy-based payment solution that enables customers to buy now and pay later (BNPL) without interest Scalapay raised $155m in equity funding as part of their Series A round.
PayTech Selfbook secures $25m in Tiger Global-headed Series A
Hotel payment software platform Selfbook has raised $25m from a Series A funding round led by Tiger Global Management.
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