PayTech

Twitter co-founder Jack Dorsey’s digital payments platform Block (previously Square) has completed its acquisition of Buy Now, Pay Later (BNPL) firm Afterpay.

Wayflyer, a revenue-based financing and growth platform for e-commerce businesses, has landed $150m in Series B funding, bringing its valuation to $1.6bn.

Southeast Asian open finance platform Ayoconnect has closed a $15m Series B funding round led by Tiger Global.

Mastercard has expanded Mastercard Installments, its Buy Now, Pay Later (BNPL) product, to consumers in the United Arab Emirates (UAE) and Saudi Arabia.

German corporate expense management platform Circula has raised ?12m from a Series A funding round as the expenses management market continues to heat up.

Cross-border payments platform Currencycloud recently examined how embedded finance could transform the loan accessing process for SMEs.

Interchecks, an instant payment infrastructure and service provider, has raised $16m from a Series B funding round.

Tanzanian FinTech firm Nala has raised $10m from a seed fundraising round headed by investor Amplo.

Buy Now, Pay Later (BNPL) services are becoming synonymous with debt. These services have come under fire for misleading consumers and putting vulnerable users at risk. Regulatory crackdown has loomed on the horizon for some time now, but what do BNPL companies have to say for themselves in the meantime?

FinTech SavvyMoney has raised $45m from a growth investment rounded headed by growth equity firm Spectrum Equity with participation from TransUnion.