Mobile Payments

Columbian buy now, pay later (BNPL) firm Addi has snared $65m in debt and equity funding.

Mexican card and spend management company Clara has closed a $30m Series A round led by DST Global Partners.

The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?

US PayFac-as-a-service company Tilled has raised $11m from a Series A round to help software companies monetise payments coming through their platforms.

CA-based software and payments company SpotOn raised $125m in a funding round led by venture capital giant Andreessen Horowitz that valued the startup at about $1.88bn.

Swiss FinTech Neon has introduced a sustainable bank account for its customers available through its mobile app.

J.P Morgan has collaborated with digital payments enterprise ACI Worldwide to help the latter provide its merchants with a more enhanced payment experience.

Tiv, a payments and rewards platform aimed at gamers, has reportedly collected $3.5m in its seed round.

Revolut Business has launched an invoice feature to help companies in the UK and the EU streamline their payments.

UK card transfer business Paysend has closed a $125m Series B funding round led by venture capital firm One Peak.