Employee payments firm Grazzy bags $4.25m
Texas-based employee payments platform Grazzy has scored $4.25m in a recent seed funding round.
Mad Mobile lands $20m in financing
Mad Mobile, a connected commerce and mobile payments firm, has scored $20m in financing from Eastward Capital Partners.
Digital payments app PhonePe joins FinTech decacorn club
Digital payments app PhonePe becomes a decacorn following the closing of a $350m funding round, which doubles its valuation to $12bn.
MENA BNPL services provider Tabby closes Series C on $58m
Tabby, a BNPL services company based in the MENA region, has closed its Series C round on $58m, which brings its valuation to $660m.
Sprinque lands €6m in seed funding
Sprinque, a European B2B payments platform, has scored €6m in a seed funding round led by Connect Ventures.
Paddle makes 8% of its workforce redundant
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.
Australian payments company Till Payments cuts 40% of team
Australian payments company Till Payments has reportedly laid off 120 employees, whilst adding three new board members.
Alibaba sells half its stake in India-based payments company Paytm
Chinese e-commerce giant Alibaba has reportedly sold half of its position in India-based payments company Paytm.
Stripe sees valuation cut by 11%
Stripe, the US-based PayTech giant, has reportedly seen its valuation cut by 11% and now sits at $63bn.
Italian payments company SardexPay nets €4m
Italian payments company SardexPay has reportedly raised €4m in funding, alongside the appointment of a new president.
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