Trendyol secures Decacorn status following Softbank-backed funding round
Turkish e-commerce platform Trendyol has become Turkey’s first Decacorn company after recent funding of $1.5bn lifted its valuation to $16.5bn.
State Bank of India backs Pine Labs with $20m investment
Indian buy now, pay later (BNPL) firm Pine Labs has secured a $20m investment from the State Bank of India, the largest commercial bank in the country.
Raylo raises €7.5m for the “responsible evolution of BNPL”
Raylo, a London-based subscription payment platform, has raised €7.5m.
Revolut unveils earned wage platform to provide instant money access
UK FinTech firm Revolut is set to launch Payday, an earned wage access platform that will enable employees to track and have instant access to the money they have earned.
Wirecard working together with WHSmith to expand the retailer’s digital payment offerings
Digital payments solutions company Wirecard has joined forces with WHSmith. Together, the two aim to give the retailer more opportunities to cash in on digital payments.
Nationwide buys share in donations app Percent
Donations app startup Percent is getting backed by Nationwide Building Society.
Digital wallets to drive £11bn in online spending by 2026
A recent report by payment service provider Emerchantpay has discovered digital wallets will account for £11bn in online consumer spending by 2026.
MYPINPAD enters Australian market with AusPayNet certification
Payment solutions provider MYPINPAD has expanded its presence into Australia after it received certification from the Australian Payments Network (AusPayNet).
FCA allows Wirecard to resume operational activities
Last week the UK's top financial markets watchdog ordered Wirecard to freeze all of its regulated activities in the country. Now it has lifted the ban.
ING acquires a 75% in payment service provider Payvision
ING has acquired a 75 per cent stake in omnichannel payments service provider Payvision, in a deal worth €360m.