Airwallex hits $4bn valuation after second investment round this year
PayTech unicorn Airwallex has been valued at $4bn following the close of an oversubscribed Series E round, which comes just months after it closed a Series D extension.
Banking startup Kernolab inks $1m in pre-seed funding
Lithuanian FinTech Kernolab has raised $1m in a pre-seed funding round headed by venture capital firm Lighthouse Ventures.
Monese unveils new BaaS platform, enters partnership with Investec
Challenger bank Monese has entered a strategic partnership with Investec Bank following the recent introduction of the former’s banking-as-a-service (BaaS) platform.
dopay collects $18m in its Series A funding round
dopay, a B2B2C payments platform aimed at unbanked workers, has scored $18m in its Series A, as it capitalises on rising demand for cashless payroll.
Zūm Rails unveils new anti-fraud tools to strengthen payment security
Open banking firm Zūm Rails has introduced a new set of anti-fraud tools to bolster the security of its Instant Deposit feature on its platform.
FinTech unicorn Pine Labs closes additional funding hot off heels of $600m investment
FinTech unicorn Pine Labs has received a $100m investment, which comes just hot off the heels of its $600m round.
Form3 raises $160m in its Series C round
Form3, a payment technology developer, has closed its Series C round on $160m, which will aid its geographical growth.
SellersFunding closes sizable Series A on $166.5m
SellersFunding has reportedly raised $166.5m in a sizable Series A round, which will bolster its international growth.
PayTech unicorn Melio triples its valuation in just eight months
B2B payments platform for small businesses Melio has collected $250m in a funding round, which puts its valuation at $4bn – tripling since January 2021.
Rogue mobile banking app presence records 140% year-on-year hike
A report by Outseer has found the presence of rogue mobile banking apps increased 140% compared to the same time in 2020.
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