Mobile Payments

Saudi Arabia-based STC Pay, digital payment solution developer, has reportedly reached a $1.3bn valuation after the close of a $200m investment.

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

Buy now pay later startup Zilch has secured a consumer credit authorisation with the Financial Conduct Authority (FCA), which could be a first for the London-based venture.

Fraud-fighting RegTechs and digital payment providers were among the 34 rounds raised by the FinTech industry last week, areas that are becoming more important during the pandemic.

Italian mobile payments startup Satispay has netted €93m in a Series C round, bringing the total capital injected into the venture since its 2013 launch to €110m.

Payments provider Modulr has added another £9m to its coffers on the back of an investment from PayPal Ventures, which will fund the scaling of the business.

London-based Codat has formed a strategic partnership with Visa as the payment giant is gearing up to launch the Visa Fintech Partner Connect programme in Europe.

Uber has taken another step into the FinTech space by entering into a card-issuing partnership with Marqeta.

While the past few years have seen more consumers embrace digital payments, it seems as if the coronavirus pandemic has made the cashless society even closer than ever.

London-based FinTech Zilch has officially launched its new feature Snooze, giving users the ability to delay repayment on an instalment, or an entire payment plan by between four to seven days.