MUUME Group bags $6.2m Series B
Switzerland-based MUUME Group has raised around $6.2m in its Series B funding round.
Revolut adds Stripe amid global expansion
UK FinTech giant Revolut is to use Stripe, a financial infrastructure platform for businesses, to support payments in the UK and Europe and accelerate its expansion into new markets.
MoneyGram has partnered with Digital Financial Services
Cross-border P2P payments and money transfers company MoneyGram has inked a new deal with Digital Financial Services to empower eWallet customers to make cross-border money transfers.
Traditional banks who don’t innovate could lose $280bn by 2025
The global payments industry could cash in on an additional $500bn by 2025, but at the same time old school bankers could lose $280bn of that by not adopting new technology.
Philippines’ only unicorn cements its title with round close
Philippines-based Mynt, which develops financial solutions and payment services, has collected $300m in a funding round that brings its valuation to $2bn.
Lanistar finally secures FCA approval following earlier setback
UK FinTech Lanistar has secured Financial Conduct Authority (FCA) approval to operate as an Electronic Money Directive (EMD) agent of payments business Modulr.
PayTech Anomaly nets $17m across seed and Series A rounds
Precision payments platform Anomaly has netted $17m in seed and Series A funding as it looks to bolster its market footprint.
Wise forms pair of partnerships to support diversity and social mobility
Money management FinTech Wise has established partnerships that aim to improve diversity and social mobility within the next generation of workers.
Yapstone nets $71m in Series C led by Premji Invest
Global online and mobile payments solution YapStone has netted $71m in its Series C led by Premji Invest.
Molten Ventures reduces Revolut valuation by 40%
Molten Ventures, a prominent venture capital firm, has marked down the value of its stake in the FinTech enterprise Revolut by 40%, according to a report from Finextra.
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