Spend management giant Brex breaks decacorn status
US-based corporate spend management firm Brex, has raised an additional $300m in a Series D-2 round led by Greenoaks Capital and Technology Crossover Ventures (TCV).
Mox bolsters banking offering with new BNPL service
Hong Kong virtual bank Mox has introduced a new buy now, pay later (BNPL) solution that can split purchase payments over a 36-month period.
Promise closes $20m Series A to support its goal of updating government payment systems
Payment technology developer Promise has scored more than $20m in its Series A round which will help its goal of bringing update government payment systems.
The European Commission is investigating Visa on how it treats FinTech companies
Visa is being investigated by the European Commission in regards to how it treats FinTech companies in its network.
Soldo launches new solution to help governments, local authorities and NGOs distribute emergency funds...
As the COVID-19 crisis continues to grow, spend management platform Soldo has launched a new solution named Soldo Care to enable governments, local authorities, and NGOs to distribute emergency aid to vulnerable citizens via Mastercard prepaid cards.
Indian online lending marketplace Namaste Credit is becoming a neobank
Namaste Credit is joining the digital banking revolution by announcing plans to turn the online lending marketplace, into a “fully-fledged digital-only bank†for micro, small and medium-sized enterprises.
Flexiti picks up another $80m in debt financing from Credit Suisse
Flexiti, a POS consumer financing solution, has received an $80m mezzanine debt facility from Credit Suisse Asset Management.
Softbank, Alibaba said to invest $445m in to Paytm Mall
Softbank and Alibaba have reportedly invested $445m in to Paytm Mall, the e-commerce division of Indian banking platform Paytm.
Digital money platform Uphold nets $57.5m funding round
Digital money platform Uphold has received an $57.5m funding from a group of investors, including Greg Kidd.
Bill.com collects $100m for digital business payments revolution
Bill.com, a Palo Alto, California-based business payments network, has raised an additional $100m to expand its distribution into banks and accounting firms.
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