P2P Payments

Paytrix, an embedded payments company for high-growth vertical software platforms, has bagged £5m in new funding.

India-based global neo-banking platform Vance has raised $5.8m in a seed round led by Hummingbird Ventures.

Satispay, a Milan-based payment network, has raised €320m in Series D funding, exceeding a €1bn valuation.

The Federal Reserve has accelerated the timing of the launch of FedNow, its real-time payments service, to the summer of 2023. ?

PayTech startup Pomelo, which aims to improve money transfers, has reportedly raised $20m in seed funding, alongside a $50m warehouse facility.

Indonesian consumer payment platform Flip has secured the second close of its Series B, which brings the round’s total to $100m.

Carbon Bank, a credit-led Pan-African digital bank has launched a new buy now, pay later (BNPL) web app. 

Forecourt retail specialist Suresite Group and fuel and retail service provider TSG UK have partnered to release a new point-to-point encryption payment (P2PE) solution for the forecourt industry.

Meta is to rebrand Facebook Pay as Meta Pay in a bid to bring it closer to the Meta brand alongside enhancing the payment experience.

Welcome Tech, a digital platform aiming to provide immigrant families in the US with services to help them thrive, has raised $30m in funding.