Cannabis dispensary selects ARCA’s cash automation system to streamline back office finances
Ascend Wellness Holdings (AWH), a cannabis operator, has selected ARCA, a cash automation solution provider for financial institutions, retail businesses and self-service kiosks, to streamline its back-office cash management in its retail stores.
Klarna-rival Zilch strikes $110m deal with Goldman Sachs and Daily Mail owners
London-based buy now pay later FinTech Zilch secured $110m of debt and equity funding from Goldman Sachs Asset Management and DMG Ventures - the venture capital arm of the Daily Mail and General Trust plc.
Trendyol secures Decacorn status following Softbank-backed funding round
Turkish e-commerce platform Trendyol has become Turkey’s first Decacorn company after recent funding of $1.5bn lifted its valuation to $16.5bn.
Thailand central bank unveils plans for digital currency pilot in 2022
The Bank of Thailand (BOT) has revealed it intends to begin a retail central bank digital currency (CBDC) pilot study in the second quarter of 2022.
PayPal to acquire Japanese unicorn Paidy in $2.7bn deal as the BNPL race heats...
PayPal is set to acquire Japanese buy now, pay later firm Paidy for $2.7bn as the US payments company looks to expand its reach in the Asian country.
Payments software developer Spenmo collects $34m in its Series A
Singapore-based Spenmo, which builds payment software for companies, has netted $34m in its Series A round.
B2B domestic payment transaction value to exceed $54trn in 2023
A study by Juniper Research has found the transaction value of business-to-business domestic payments across payment methods is expected to surpass $54trn in 2023.
ZoodPay lands funding, expands reach in Iraq
Switzerland-headquartered ZoodPay, the Buy Now, Pay Later (BNPL) app, has secured $38m in Series B funding, as it accelerates its expansion in Iraq.
Enfuce nabs €45m for its cloud-based card issuing platform
Enfuce, a European card-as-a-service (CaaS) platform, has scored €45m in its Series C funding round
Challenges ahead for cross-border commerce
UK-cross border retail has declined by 71%, according to research by payments platform Adyen.