Mobile Payments

NYC-based online commercial real estate financing transaction platform, Lev raised $10m in seed funding.

FinTech firm Afriex secured a $1.2m in a seed funding round with an aim to scale its payments and remittances platform across Africa.

Visa is in legal hot water as it faces a regulatory investigation by the US Department of Justice (DOJ) over concerns of whether it is using anticompetitive practices in the debit card market.

Melbourne-based cross-border FinTech Airwallex raised another $100m in an extension to its Series D round.

Zaver, a Swedish FinTech enabling merchants to accept cardless payments and offer buy-now-pay-later (BNPL) services, raised $5m in new funding.

Of the 41 FinTech investment deals last week, companies in three sectors, in particular, proved to be exceptionally successful as the list of FinTech unicorns continues to grow.

UK-based Agitate has launched BOPP, a new payment platform that removes the need for cards.

Canadian FinTech and certified credit card issuer Brim Financial secured $25m in a Series B round co-led by Desjardins Group and EPIC Ventures.

Online payments technology provider Stripe raised a new $600m funding round that values the company at $95bn, nearly tripling from $36bn since April 2020.

Revolut Business has launched Expenses, a tool designed to help business owners stay organised and in better control of company spending.