PayTech

Challenger bank Revolut has applied for a full banking licence in the US, filing a draft application with the FDIC and California Department of Financial Protection and Innovation, which would allow the startup to expand its services across all 50 states.

Zaver, a Swedish FinTech enabling merchants to accept cardless payments and offer buy-now-pay-later (BNPL) services, raised $5m in new funding.

TryNow, a software platform designed to help consumers try items before they buy them, has scored $12m in its Series A round.

Of the 41 FinTech investment deals last week, companies in three sectors, in particular, proved to be exceptionally successful as the list of FinTech unicorns continues to grow.

Boston-based electronic payments provider for residential real estate transactions DepositLink closed a $3.5m seed financing round by angel investors.

Financial services firm Chime is in early talks with investment banks on a new stock market flotation which could potentially value the startup at $30bn, Reuters reported.

London-based FinTech Pollinate has closed a $50m Series C round led by Insight Partners.

UK-based Agitate has launched BOPP, a new payment platform that removes the need for cards.

Canadian FinTech and certified credit card issuer Brim Financial secured $25m in a Series B round co-led by Desjardins Group and EPIC Ventures.

In a bid to encourage the mainstream adoption of cashless transactions, India-based banking group Axis Bank launched its own range of wearable contactless payment devices, called Wear N Pay.