PayTech

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.

Banking-as-a-service firm Railsbank has unveiled a new white-label buy now, pay later credit solution for retailers.

International payments platform APEXX Global has entered the US market as the company looks to ride the growing buy now, pay later wave in the country.

India-based neobank Kaleidofin has raked in $10m from a Series B headed by the Michael and Susan Dell Foundation.

Buckzy Payments, a Canada-based payments firm, has netted $14.5m in a Series A funding round.

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.

Denario, who is building a new integrated business-to-business payments for SMEs and startups, has netted €1.3m in funding.

Responsible, an embedded finance company designed to make the fashion industry more circular, has secured $6.6m from a seed round held by Barclays.

The Bank of Tanzania (BoT) has revealed it is planning to launch its new instant payments system in February 2022.

Open banking platform Ecospend has partnered with banking-as-a-service (BaaS) provider Contis to offer a wide range of BaaS products to both its customers.