PayTech

Swedish BNPL giant Klarna faces colossal downround to $15bn valuation

Swedish buy now pay later (BNPL) unicorn Klarna is reportedly facing a hefty downround, which would put its valuation at a third of its previous.

B2B payments firm Settle raises $280m in credit facility

B2B payments firm Settle has reportedly raised $280m in a revolving credit facility from Citibank and Atalaya.

Webio reels in $4m from Series A

Webio, a conversational AI leader in the area of credit, collections and payments, has scored $4m in a Series A round led by Finch Capital.

Currencycloud teams with Velanis for remittance app for Swiss-based Kosovar population

Currencycloud, which builds international payment solutions and infrastructure, has teamed up with Switzerland-based Velanis AG to support the launch of Swinto.

FinTech Rewire acquires prepaid card specialist Imagen

Rewire, a digital wallet that has been created for economic migrants, has purchased pre-paid card company Imagen for an undisclosed fee.

Latina-founded banking-as-a-service provider NovoPayment scores $19m

NovoPayment, a Latina-founded banking-as-a-service provider, has scored $19m in its Series A funding round.

UK FinTech giant Revolut to launch in 5 more countries

UK FinTech giant Revolut has geared up for a launch in five new countries, which will go live over the coming couple of months.

Indonesian payments platform Flip closes $100m Series B

Indonesian consumer payment platform Flip has secured the second close of its Series B, which brings the round’s total to $100m.

VEON backs Dastgyr for Pakistani e-commerce

Dastgyr, a Pakistan-based B2B e-commerce marketplace platform, has raised $15m in Series A funding led byVEON Ventures.

Digital payments network MFS Africa picks up another $100m, just months after former round

MFS Africa, the largest digital payments network in Africa, has raised an additional $100m in debt and equity for its Series C, just six months after its initial close.

News Stories

Almost $1bn raised across all FinTech funding rounds this week

Up to $998m was raised across all the funding rounds reported on by FinTech Global this week, slightly missing out on hitting $1bn. The biggest...
How Theta Lake is revolutionising compliance search with unified search, discovery, and replay

How Theta Lake is revolutionising compliance search with unified search, discovery, and replay

Responding to governance events such as audits, investigations, and e-discovery has become increasingly complex with the adoption of unified communications and collaboration (UCC) technologies.
Pouch Insurance unleashes multilingual AI tool

Pouch Insurance unleashes multilingual AI tool

Pouch Insurance, leveraging the capabilities of the INSTANDA no-code insurance platform, has introduced a pioneering AI assistant named 'Goodie'.
Athena Secures AU$25m Series B to transform home ownership in Australia

Athena Secures AU$25m Series B to transform home ownership in Australia

Athena, a fintech company, has successfully secured AU$25m in a Series B funding round.
Lendistry secures $5m from City National Bank to empower underserved California entrepreneurs

Lendistry secures $5m from City National Bank to empower underserved California entrepreneurs

City National Bank, a major financial institution, has announced a strategic $5m impact investment in Lendistry, a minority-led fintech firm.

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