Mobile Payments

Africa-focused FinTech company Flutterwave has raised $170m in a Series C round pushing the company’s valuation at more than $1bn.

Cedar, a financial engagement platform aimed at patients, has hit a $3.2bn valuation following the close of a $200m Series D.

India-based digital payments provider Paytm to allow merchants and retailers use an Android phone as a payments machine for near field communication credit and debit card payment transactions.

Cypriot bank Hellenic Bank launched new online retail banking platform, built in partnership with Engagement Banking technology provider Backbase.

Digital payments platform AeroPay closed a $5m funding round led by Chicago Ventures.

Digital cryptocurrency platform Eco raised $26m in a funding round led by Andreessen Horowitz's a16z Crypto.

Digital payment provider TerraPay will now offer real-time bank payments in the USA and Canada to facilitate better cross border remittances.

Hong Kong virtual bank Mox has introduced a new buy now, pay later (BNPL) solution that can split purchase payments over a 36-month period.

Global money-transfer platform Revolut has operationalised its European specialised banking licence in ten additional countries.

FinTech firm Paysend teamed up with Mastercard to boost its global market reach and enhance its customer base.