Swedish unicorn Klarna becomes valued at $5.5bn after raising a $460m equity round
Klarna, the payment and banking company, has raised $460m in a new equity funding round, which has pushed its valuation past the $5.5bn mark and makes it Europe’s largest FinTech enterprise.
Mastercard, Edenred launch biometric card pilot in Mexico
Mastercard has formed a partnership with payment solutions and card issuing company Edenred to launch a test pilot of biometric cards in Mexico.
Challenger bank KOHO unveils new cashback programme to for its Canadian customers
KOHO, the Canadian challenger bank, has announced a new cashback programme and a new merchant-specific rewards.
Tim Cook reveals Apple Card is launching in August
The Apple CEO Tim Cook announced that the tech titan is launching its credit card Apple Card in August during an earnings call discussing the business’s third quarter earnings.
Cash remains king in Britain as 83 per cent make weekly payments with physical...
The Payment Systems Regulator (PSR), the subsidiary of Britain’s Financial Conduct Authority, has revealed physical money still pays a roll in the UK.
Standard Cognition hits $535m valuation after raising $35m Series B
Standard Cognition, an AI-powered automated checkout service, has collected $35m in its Series B round.
Visa acquires Payworks to improve payment processing capabilities
Payworks, a POS solution developer, has been acquired by Visa which builds upon a strategic partnership and investment made by Visa last year.
Tidal Commerce collects $4m in strategic growth capital
Tidal Commerce, a payments processor, has collected $4m in strategic growth capital from Super G Capital.
Payment processor SumUp raises €330m in funding
SumUp, a payment processing company, has secured a €330m investment to support its global expansion plans.
Bolt’s total funding hits $90m after $69m Series B round
San Francisco-based PayTech Bolt has secured $69m in its Series B funding round co-led by US-based venture firms Activant Capital and Tribe Capital. This latest round...
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