PayTech

Amsterdam-based online payments processor Mollie becomes the third-largest FinTech unicorn in Europe after rival Checkout.com as it sealed a massive $800m financing round valuing the company at $6.5bn.

Instant invoice payment firm Previse has partnered with e-invoicing business Pagero to enable instant, embedded finance to be delivered on the latter’s open business network.

FinTech companies continue to rake in millions of dollars with a slew of startups graduating to the unicorn club. The 42 ventures in the sector that topped up their accounts last week are proof of that.

Wapi Pay, based in Singapore and headquartered in Kenya has raised $2.2m in pre-seed funding to scale up global payments and remittances between Africa and Asia.

PayPal’s UK customers can buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Reward-based debit card startup Point has closed a $46.5m Series B funding round that was led by the Peter Thiel-owned Valar Ventures.

Lithuanian FinTech Kernolab has raised $1m in a pre-seed funding round headed by venture capital firm Lighthouse Ventures.

Pomelo, which combines credit and international credit and international money transfer, has netted $5m in seed funding to support the launch of its services.

A study by Juniper Research has found the transaction value of business-to-business domestic payments across payment methods is expected to surpass $54trn in 2023.

Switzerland-headquartered ZoodPay, the Buy Now, Pay Later (BNPL) app, has secured $38m in Series B funding, as it accelerates its expansion in Iraq.