Klarna launches dedicated open banking unit
Global retail bank, payments and shopping service Klarna, has launched Klarna Kosma, a sub-brand and business unit to harness the growth of its open banking platform.
Dapio inks $3.4m to launch Tap to Pay in UK and Europe
Cashless payment solution provider Dapio has secured $3.4m in funding to support the launch of its ‘Tap to Pay’ solution for Android users in the UK and Europe.
Danish FinTech Anyday reels in $4m seed financing
Anyday, a company focused on making splitting payments easier, has raised $4m from a seed funding round.
Currencycloud, Lemonade link to streamline African remittance payments
Cross-border payments firm Currencycloud has teamed with Lemonade Finance to provide immigrants and companies with a simpler experience for sending money home to Africa.
Medius and OnPay to strengthen AP automation
Medius, a provider of accounts payable (AP) automation solutions, has acquired OnPay Solutions, an invoice payments provider, for an undisclosed sum.
Nigerian BNPL platform CredPal collects bridge round
CredPal, a Nigerian FinTech company that offers buy now, pay later services, has reportedly collected $15m in a bridge round comprised of equity and debt.
FinTech unicorn Pine Labs raises more capital
FinTech unicorn Pine Labs has received a $50m investment from London-headquartered investment firm Vitruvian Partners.
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.
Papaya to acquire Azimo to boost its payroll capabilities
Papaya Global, the global people management platform for the remote working era, has agreed to acquire Azimo, global digital cross-border payments service.
Financially vulnerable more likely to use BNPL, research reveals
According to research from the Financial Health Network, one in four users of Buy Now, Pay Later (BNPL) services is financially vulnerable, and struggle to make payments.
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