PayTech

OatFi, a New York-based company that provides working capital infrastructure for B2B payment platforms, has raised $8m in a seed funding round.

Payment and banking infrastructure developer Airwallex has partnered with Asian buy now, pay later (BNPL) company Atome.

Allica Bank, a FinTech SME challenger bank, has scored £100m in a Series C funding round headed by TCV.

Payments company Paddle has made 8% of its workforce redundant, which it blames on the current inflationary market and needing to hunker down for survival.

Complaints to the Financial Ombudsman Service against buy now pay later (BNPL) firms have risen by 36% in the past three years, according to analysis from Creditspring.

Kredivo, a buy now pay later service for consumers in Indonesia and Vietnam, has reportedly raised $270m in an oversubscribed Series D funding round.

Zip, an intake-to-pay platform, has secured $100m in a Series C funding round as well as launch its Zip Intake-to-Pay product.

Checkout.com has launched Intelligent Acceptance, its latest product designed to optimise acceptance rates and aid merchant revenues.

Checkbook, a comprehensive push payments platform, has revealed its latest payout option, an alliance with Zelle. This partnership is designed to offer Checkbook users a more seamless, trustworthy, and swift financial transaction experience.

Mastercard, a global technology company spearheading the payments industry, has joined hands with Checkout.com, an acclaimed global payments solution provider, and Careem, the Middle East's renowned 'Everything App', for a transformative initiative.