Welcome Tech lands $30m to support immigrant families
Welcome Tech, a digital platform aiming to provide immigrant families in the US with services to help them thrive, has raised $30m in funding.
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.
Why payment service providers must adapt to changing ecommerce market
Since the onset of the Covid-19 pandemic, there has been a huge increase in the amount of cross-border payment and ecommerce sales taking place.
Currencycloud partners with Moov to boost payment synergies
Currencycloud has teamed with Moov, a developer platform focused on payments, in order to bolster payment capabilities for each other’s customers.
Madison Dearborn Partners buys MoneyGram for $1.8bn
Chicago-based private equity firm Madison Dearborn Partners has acquired MoneyGram International, a digital P2P payments company, in a $1.8bn deal.
Danish BNPL ViaBill lands $120m funding
Denmark-based buy now, pay later (BNPL) firm ViaBill has secured $120m from an equity and debt round to bring the payment method to physical retail.
Majority of UK credit card holders plan to use BNPL in 2022
Research by Splitit has found that 54% of UK credit card users plan to use buy now, pay later (BNPL) services this year.
Overwhelming majority of firms to prioritise cross-border commerce in 2022
A report by FinTech Rapyd has found 93% of businesses see cross-border commerce as a high priority for 2022 and beyond.
Zilch and Mastercard widen partnership to launch BNPL card in Europe
FinTech company Zilch has revealed it has expended its partnership with Mastercard to help bring the former’s buy now, pay later (BNPL) card digital card to Europe.
What were the biggest PayTech deals of 2021?
In an age where the traditional form of in-person payments is being restricted due to Covid-19 restrictions, the rise of PayTech seems almost inevitable. With more people than ever now using payment technologies, the demand for funding is also climbing.
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