PayTech

Cloud-native payment technology provider Form3 has closed a venture debt facility on €23m to support its rapid global expansion.

Teampay, an all-in-one purchasing platform, has raised $47m in Series B funding to bolster its accounts payable solutions and expand cross-border payment capabilities.

Stripe, the US-based PayTech giant, has reportedly seen its valuation cut by 11% and now sits at $63bn.

Shift, a provider of credit and payment platforms for Australian firms, has closed an AUD$27m Series C funding round.

Multinational financial services firm Western Union has signed a collaboration deal with MoMo to facilitate money transfers in Vietnam.

Tietoevry head of business development, banking Sami Uski has outlined his vision for the future of bill payments in Europe. According to him, Request-to-Pay (RTP) services, triggered by bill payments, are all set to unfold their potential across the continent.

Leading banking services provider for FinTech companies, LHV Bank, has been chosen by Montonio, a fast-growing e-commerce checkout solution provider, to bolster its merchant services.

Sunrate, an "intelligent global payment and treasury management platform," has confirmed the successful closure of its extended series D (series D-2) funding round.

Mastercard and Riskified have announced a partnership designed to help businesses increase eCommerce revenues while reducing fraud. 

UnionPay International (UPI), the global arm of a leading payment network, has formed an alliance with Kiwibank, New Zealand's local banking hero. This fresh collaboration ensures that Kiwibank's eligible merchants can now accept UnionPay cards for in-person transactions, commencing from the 1st of August, 2023.