PayTech

Soldo bags $11m in Series A led by Accel

London-based Soldo bags an $11m Series A funding round led by Accel.

Western Union reportedly looking to acquire MoneyGram

American money transfer firm Western Union has reportedly made an offer for fellow remittance company MoneyGram International.
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PE fund backs Kenyan payments firm DPO Group

East African payments processor Direct Pay Online Group (DPO Group) has received an investment from Apis Partners.

Australia-based Spriggy nabs $2.5m

Australia-based Spriggy has reportedly raised around $2.5m in its latest funding round led by Alium Capital.
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MobiKwik lands $40m strategic investment from Net1

Indian digital wallet MobiKwik has secured a deal with South African mobile payments firm Net1 that will see it receive $40m over two years as a strategic investment.

Mobile payments app Pingit said to launch online store

Mobile payments application Pingit has reportedly launched an online store enabling consumers an easy way of buying payment accessories.
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AvidExchange pulls in $100m Canadian pension CDPQ

Payment and invoice processor AvidXchange has picked up a $100m growth equity investment from Canadian pension major, Caisse de dépôt et placement du Québec.

UK Chancellor examines case for new Britcoin digital currency

UK Chancellor of the Exchequer Rishi Sunak has told the Bank of England (BOE) to look at the case for a potential Britcoin or central-bank-backed digital currency.
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Goldman Sachs said to buy digital credit card company Final

Goldman Sachs has reportedly agreed to acquire digital credit card developer Final to help the bank expand its consumer efforts.

NatWest lets customers set transfer limits to reduce payment scam damage

NatWest is now allowing customers to establish their own daily digital bank transfer limits to reduce the impact caused by authorised push payment (APP) scams.

News Stories

AkkenCloud and Immediate team up to revolutionise pay cycles in staffing industry

AkkenCloud and Immediate team up to revolutionise pay cycles in staffing industry

AkkenCloud, a leading innovator in the Staffing Industry known for its advanced automation and AI-driven solutions, has announced a groundbreaking partnership with Immediate, a forward-thinking provider of pay access solutions.
Marqeta powers Rain's new debit card for seamless wage access

Marqeta powers Rain’s new debit card for seamless wage access

Marqeta, a global modern card issuing platform, has partnered with Rain, a financial wellness benefits provider that assists companies in giving employees greater control over their finances.
Tiller Technologies and HSBC Expat join forces to launch digital ID verification

Tiller Technologies and HSBC Expat join forces to launch digital ID verification

Tiller Technologies, a leading RegTech company, has teamed up with HSBC Expat, a branch of HSBC Bank specialised in services for expatriates, excels in offering tailored banking solutions across the globe.
FinTech funding activity flourished this week as deals were completed on all corners of the globe, with a total of $694.5m raised over 19 tranches.

FinTech funding flourishes amid diverse week for deal activity

FinTech funding activity flourished this week as deals were completed on all corners of the globe, with a total of $694.5m raised over 19 tranches.
Klarna and Milkywire team up to expand Nature Transformation Fund for global biodiversity

Klarna and Milkywire team up to expand Nature Transformation Fund for global biodiversity

Klarna, an AI-powered global payments network and shopping assistant, and Milkywire, an environmental impact platform, have launched the Nature Transformation Fund.

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