Nuvei ups its valuation to $2bn after new funding round
Payments company Nuvei has scored $270m in a common equity financing round, raising its valuation to $2bn.
Brex completes three acquisitions as it continues growth efforts
Corporate credit card company Brex has completed three acquisitions which will add “meaningful engineering and product talent to its ranks.”
Payment company MoneyGram has signed a partnership with LuLu Money
MoneyGram has kept on growing since Ant Financial bought the payment company in 2017 for $880m. Now it plans to power that growth with a new partnership with non-banking finance company LuLu Money.
Weavr acquires Comma to combine embedded finance and open banking
Weavr, which is helping transform business with embedded finance, has acquired B2B open banking platform Comma Payments.
Newly launched Ramp collects $25m in funding round
Credit card startup Ramp has reportedly collected $25m in a funding round after successfully launching into the market.
Plastiq has raised a $75m Series D round
Credit card payment company Plastiq has attracted $75m in fresh capital to grow its team, develop more solutions and help small businesses to pay their suppliers, which may be getting trickier during the coronavirus crisis.
Klarna to support the Red Cross’ response to COVID-19 by donating £1 of every...
Joining a slew FinTech ventures that have launched initiatives to support the fight against the coronavirus, Swedish payment solution provider Klarna has announced a new collaboration with ASOS.
Klarna has reached a record 7.85 million customers in the US partly because of...
On the back of signing multiple retail partnerships and partly due to the coronavirus, PayTech giant Klarna has announced that it has reached a record 7.85 million US customers.
Healthcare payments app Cedar nets $102m in its Series C round
Cedar, a FinTech helping to simplify the financial experience for patients, has netted $102m in its Series C round, which was led by Andreessen Horowitz.
Germany’s finance minister calls for more intense scrutiny from regulators after the Wirecard scandal
As the Wirecard scandal continues to cause shock waves across the FinTech industry, Germany's lawmakers are calling for a total revamp of the regulatory oversight system.