Molten Ventures reduces Revolut valuation by 40%
Molten Ventures, a prominent venture capital firm, has marked down the value of its stake in the FinTech enterprise Revolut by 40%, according to a report from Finextra.
Nigeria-based payments app Paga bags $10m Series B2
Nigeria-based payments company Paga has raised $10m in a Series B2 round led by the Global Innovation Fund.
PayPal stocks fell yesterday despite its quarterly earnings beating expectations
Payment processing giant PayPal's share price went down in after hours trading even though the company beat expectations in its quarterly earnings report.
The instant payments market is expected to hit $18trn by 2025
The instant payments market is expected to grow by 500% to reach $18trn by 2025 and will account for 17% of all B2B and consumer digital money transfers and payments.
Token driving UK open banking payments expansion, research finds
Market share statistics by CMA9 – the nine largest UK banks – has found open banking platform Token is driving the adoption of open banking payments in the country.
IntellectEU launches AI platform to bolster wealth management personalisation
Belgian IT company IntellectEU has introduced VELMA, an AI platform that allows financial advisors to offer ‘hyper-personalisation’ in the wealth management sector.
Voyager raises $210m for PayMaya and Maya Bank in the Philippines
Voyager Innovations, the Philippines-based technology company behind the end-to-end money platform PayMaya and neobank Maya Bank, has raised $210m.
India-based Slice said to close $5.2m debt facility
Slice, a payments app for millennials and generation Z in India, has reportedly closed a $5.2m debt facility to increase its lending capacity.
UK-based Glint bags £3.1m funding
Global currency, account and app Glint has reportedly bagged a £3.1m investment, ready for its launch later this year.
African DPO Group saw a 35% jump in Black Friday online payments
FinTech in Africa is on the rise. The latest sign is DPO Group noticing a 35% spike in digital transactions during Black Friday in South Africa.
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