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.