Coverflex scores €15m Series A to aid European expansion
Coverflex, an employee benefits platform, has landed €15m in a Series A funding round led by SCOR Ventures.
Credit cards issued through digital platforms to soar by 170%
The number of credit cards issued via digital card issuance platforms will exceed 321 million globally by 2027, up from 120 million in 2023.
Twitter applies for payments licences
Twitter has reportedly applied for regulatory licences across the US and is exploring software that would introduce payments on the platform.
Tech subscription platform Raylo nets £110m from NatWest, Quilam
Raylo, which provides UK consumers with access to tech products through subscription, has received £110m in debt financing from NatWest bank and Quilam Capital.
Vietnamese FinTech GIMO scores Series A
Vietnamese FinTech company GIMO, which offers earned-wage access, has reportedly raised $4.6m in its Series A funding round.
3 payment trends in Asia-Pacific in 2023
The evolution of embedded and increased accessibility of B2B payments orchestration are two of the biggest trends Currencycloud sees in the Asia-Pacific region for 2023.
Indonesian POS platform iSeller bags $12m
iSeller, an omnichannel-based Point of Sale platform for online and offline merchants, has scored $12m in a Series B round.
B2B cross-border payments spend to exceed $40trn in 2024
Global spend on B2B cross-border payments is expected to exceed $40trn by the end of 2024, rising from $27trn in 2022, according to a report from Juniper Research.
On-demand payment service DailyPay scores $260m
DailyPay, an on-demand payment platform to help America’s workforce have more control of their finances, has netted $260m in funding.
BNPL firm Tranch scores $100m in seed financing
Tranch, a BNPL firm for SaaS sellers and services providers, has raised $100m in seed equity and debt funding.