PayTech

Philippines-based FinTech PayMongo, which enables merchants to accept digital payments, has raised $31m in Series B funding as it looks to expand regionally.

Payments giant Visa has officially completed the acquisition of open banking platform Tink for an undisclosed fee.

Cashless payment solution provider Dapio has secured $3.4m in funding to support the launch of its ‘Tap to Pay’ solution for Android users in the UK and Europe.

Copper, a US bank which set out to become teens’ bank account of choice, has raised $29m in Series A funding.

UK-based cross-border payment platform Kapaga has raised ?1.5m in a funding round led by Tiger Global.

Over the past few years, alternative lending has seen its position in the lending market grow considerably as needs and requirements change. In a recent post by cross-border payments firm Currencycloud, the company outlined why it believes alternative lending is not a passing trend.

South Korea-based FinTech Openull has raised an undisclosed amount in a pre-Series A funding round.

Mexico-based commerce and digital payments platform Clip has received a $50m credit facility from Morgan Stanley, JP Morgan and HSBC.

TripActions, an all-in-one travel, corporate card and expense management company, has raised $300m in Series G funding.

MANGOPAY, a European payment solution provider, has named Ronen Benchetrit as its new chief technology officer, following the acquisition by Advent International.