P2P Payments

Ecuador’s Kushki raised a $86m round in what it claimed was the highest valuation Series B in LatAm, valuing the 4-year company nearly at $600m.

While Covid-19 continues to haunt us, the FinTech industry continues to rake in millions of dollars. Neobanks and cybersecurity companies were the top-scoring sectors to raise investment among the 42 rounds that FinTech Global reported on last week.

Columbian buy now, pay later (BNPL) firm Addi has snared $65m in debt and equity funding.

Mexican card and spend management company Clara has closed a $30m Series A round led by DST Global Partners.

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?

Commerce Layer closed a $16m Series B funding round led by Coatue Management, with participation from existing investors Benchmark and Mango Capital.

US PayFac-as-a-service company Tilled has raised $11m from a Series A round to help software companies monetise payments coming through their platforms.

J.P Morgan has collaborated with digital payments enterprise ACI Worldwide to help the latter provide its merchants with a more enhanced payment experience.

Revolut Business has launched an invoice feature to help companies in the UK and the EU streamline their payments.

UK card transfer business Paysend has closed a $125m Series B funding round led by venture capital firm One Peak.