Why SumUp and Stripe took centrestage among the 41 FinTech investment rounds last week
Of the 41 FinTech investment deals last week, companies in three sectors, in particular, proved to be exceptionally successful as the list of FinTech unicorns continues to grow.
Axis Bank rolls out wearable contactless payment device Wear ‘N’ Pay
In a bid to encourage the mainstream adoption of cashless transactions, India-based banking group Axis Bank launched its own range of wearable contactless payment devices, called Wear N Pay.
Paytm transforms android phones into contactless card payment machines with new launch
India-based digital payments provider Paytm to allow merchants and retailers use an Android phone as a payments machine for near field communication credit and debit card payment transactions.
FinTech AeroPay scores $5m in funding to support payments in cannabis industry
Digital payments platform AeroPay closed a $5m funding round led by Chicago Ventures.
Mox bolsters banking offering with new BNPL service
Hong Kong virtual bank Mox has introduced a new buy now, pay later (BNPL) solution that can split purchase payments over a 36-month period.
Payment platform APEXX Global launches buy now pay later aggregator
APEXX Global launches Buy Now Pay Later (BNPL) Aggregator which will help merchants offer consumers various payment solutions to their customers.
Neobank Rewire raises $20m to ease cross-border banking for migrants
Israeli FinTech Rewire closed a $20m Series B funding round led by crowdfunding platform OurCrowd to expand its cross-border international banking service for migrant workers.
Contis and Bitpanda team up to launch new multi-asset debit card
Austrian neobroker Bitpanda has partnered with FinTech Contis to issue a new multi-asset debit card.
MoneyGram steps back from partnership with Ripple over SEC lawsuit
Remittance firm MoneyGram suspends trading on Ripple’s payment platform, RippleNet, citing the ongoing $1.3bn lawsuit filed by the U.S. Securities and Exchange Commission (SEC).
Andy Murray backs GoodBox £9m funding round
Manchester-based GoodBox, which provides charities with contactless payment tools, closed a £9m funding round from existing backers including tennis champion Andy Murray.
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