PayTech

Germany-based startup OneFor launched a cross-border money transfer and payments app aimed at migrant workers in Europe.

Financial infrastructure platform Nium has reportedly secured $80.4m in its ongoing Series D round.

Manchester-based Payl8r has secured £40m from Conister Bank and plans to become a £1bn FinTech business within five years.

London-based PayTech firm Sokin has introduced the first subscription-based global payments solution in the UK and European markets.

A OneSpan blogpost has underlined how financial institutions (FIs) can compete in the mobile banking sector following the shifts brought about by the Covid-19 pandemic.

Italy-based payment solution that enables customers to buy now and pay later (BNPL) without interest Scalapay raised $155m in equity funding as part of their Series A round.

Card issuing company Highnote has raised $54m in seed and Series A funding as the firm emerges from stealth.

Payment infrastructure builder XanPool has raised $27m from a Series A funding round led by Valar Ventures.

Amazon has issued a notice to its customers that it will stop accepting Visa credit cards issued in the UK from 19th January 2022, citing the high fees charged for transactions.

Small business financial services platform Nearside has raked in $58m from a Series B funding round headed by Valar Ventures.