PayTech

Payments company Nuvei has scored $270m in a common equity financing round, raising its valuation to $2bn.

Corporate credit card company Brex has completed three acquisitions which will add “meaningful engineering and product talent to its ranks.”

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, which is helping transform business with embedded finance, has acquired B2B open banking platform Comma Payments.

Credit card startup Ramp has reportedly collected $25m in a funding round after successfully launching into the market.

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.

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.

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.

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.

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.