PayTech

Ireland-based provider of e-commerce growth platform Wayflyer scored $76m in Series A funding.

Mexican card and spend management company Clara has closed a $30m Series A round led by DST Global Partners.

All-in-one financial platform for freight and logistics companies Axle closed its Series A round on $10m.

The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?

Commerce Layer closed a $16m Series B funding round led by Coatue Management, with participation from existing investors Benchmark and Mango Capital.

Los Angeles-based FinTech Park Place Payments raised $1.5m in a seed funding round led by Curate Capital.

US PayFac-as-a-service company Tilled has raised $11m from a Series A round to help software companies monetise payments coming through their platforms.

CA-based software and payments company SpotOn raised $125m in a funding round led by venture capital giant Andreessen Horowitz that valued the startup at about $1.88bn.

Swiss FinTech Neon has introduced a sustainable bank account for its customers available through its mobile app.

J.P Morgan has collaborated with digital payments enterprise ACI Worldwide to help the latter provide its merchants with a more enhanced payment experience.