PayTech

Eleven UK FinTechs have arrived in Australia on a special government trade mission to build connections with businesses and government in the country.

Astra, a provider of instant card-to-card funding-as-a-service, has raised $10m in a Series A funding round led by FPV Ventures.

FINOM, which offers a mobile-first financial management platform to SMEs and freelancers, has acquired cross-border PayTech Kapaga for an ‘eight figure sum’.

Payment service provider Mollie has teamed with B2B payments firm Shieldpay to help the latter’s clients have their payment needs fully digitised.

Mad Mobile, a connected commerce and mobile payments firm, has scored $20m in financing from Eastward Capital Partners.

After a troubled start, BNPL giant Klarna has experienced strong momentum in the US market, with a 71% year-over-year growth in GMV and improved credit loss rates by 37%.

Open Payments, a Swedish FinTech company, has collected €3m in a growth funding round led by Industrifonden, Sweden's venture capital fund.

In a landmark deal, Ripple, the titan in enterprise blockchain and crypto solutions, has acquired Metaco, a Swiss-based firm known for its robust digital asset custody and tokenisation technology.

Sunrate, described as an intelligent global payment and treasury management platform, has proudly announced securing a significant investment from Prosperity7 Ventures. The growth fund, operating under Aramco Ventures, took the lead in Sunrate's latest D-1 funding round.

Ivy, an instant bank payment startup, has secured $7.7M in a seed investment round that was led by European VC Creandum.