PayTech

While the past few years have seen more consumers embrace digital payments, it seems as if the coronavirus pandemic has made the cashless society even closer than ever.

London-based FinTech Zilch has officially launched its new feature Snooze, giving users the ability to delay repayment on an instalment, or an entire payment plan by between four to seven days.

Europe's most valuable privately owned FinTech company Klarna has rolled out a new iOS price drop widget allowing consumers to stay on top of the latest deals and sales.

Payments technology platform AppBrilliance has secured more than $3m for its seed round to support the development of its open payments and open banking technology.

Another chapter in disgraced FinTech venture Wirecard’s collapse has come to an end with Santander buying the German company’s core business in a deal worth roughly €100m.

Slice, a payments app for millennials and generation Z in India, has reportedly closed a $5.2m debt facility to increase its lending capacity.

Data-driven commerce platform Bango has extended its partnership with Microsoft to support Xbox subscriptions and console sales in time for the holiday period.

Currencycloud, an embedded cross-border solutions platform for financial services, is investing £1.5m into its new remote-first working strategy.

Indonesia-based LinkAja has reportedly received a $100m Series B round, which was led by Southeast Asia ride-hailing giant Grab.

Swedish FinTech Trustly is experiencing a growth spurt, having recently picked up a cash injection from BlackRock and expanding to Australia and Canada. It has now tapped Napier to ensure it can maintain the growth in a compliant way.