Payments startup PhonePe said to raise $28m in funding
India-based digital payments company PhonePe has reportedly collected $28m in a new funding round from e-commerce giant Flipkart.
Curve warns customers of “temporary disruption” as it deals with the Wirecard fallout
Payment startup Curve has warned its customers that their services will be disrupted because of the Wirecard scandal having prompted the Financial Conduct Authority (FCA) to freeze all of the payment giant's assets.
Nordic Capital-backed payments firm Trustly to go public
Swedish payments firm Trustly intends to list its shares on the Nasdaq Stockholm exchange.
Yapstone nets $71m in Series C led by Premji Invest
Global online and mobile payments solution YapStone has netted $71m in its Series C led by Premji Invest.
The growing pains: Why payments firms are struggling to scale in 2023
The rise of the digital age has brought a plethora of growth opportunities for FinTechs and non-banking financial institutions (FIs). However, many of these entities find themselves ill-prepared to harness these potential gains fully.
Payconiq raises over €20m in new funding round
Mobile payments platform Payconiq has raised more than €20m in a funding round led by existing shareholders.
GIMO secures funding to serve Vietnam’s blue-collar workers
Vietnamese FinTech startup GIMO, which offers on-demand pay for blue-collar workers, has raised $1.9m in a seed+ round led by Singapore’s Integra Partners. The round...
Pleo joins billion-dollar club after pulling in $150m, plans aggressive hiring in UK
Copenhagen-based FinTech startup Pleo, an employee credit card and expense solution provider has joined the European’ unicorn’ club after raising Denmark’s biggest ever Series C at $150m.
Does regulation pose a threat to buy now, pay later market growth?
The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?
Opay nets $400m to become Nigeria’s newest unicorn in Softbank-led funding round
Lagos-based mobile payment platform OPay reportedly raised $400m in a funding round led by SoftBank Vision Fund 2, valuing it at $2bn.