Mexico’s digital payments service Clip secures $50m credit facility
Mexico-based commerce and digital payments platform Clip has received a $50m credit facility from Morgan Stanley, JP Morgan and HSBC.
UK retailers invest in payments to survive next 12 months
Half of UK online retailers are worried about surviving the next 12 months. To increase their chances, 32% are looking to invest into their payments stack.
Apple to drive huge surge in soft POS adoption
The number of merchants deploying soft POS solutions will surpass 34.5 million globally by 2027, rising from six million in 2022.
Global Payments acquires EVO in $4bn deal
Global payment technology provider Global Payments will acquire fellow PayTech solution developer EVO in a $4bn deal.
Healthcare PayTech solution PayGround nets $5.5m
PayGround, which helps people pay medical bills online, has closed its latest funding round on $5.5m as it looks to launch new marketing campaigns.
Ivory Coast-based PayTech Bizao scores $8.2m Series A
Ivory Coast-based FinTech company Bizao has reportedly received $8.2m in its Series A funding round.
FPL Technologies becomes India’s newest FinTech unicorn
FPL Technologies, which offers a metal credit card under the OneCard brand, has reportedly become India newest unicorn.
Klarna blames worst market in 50 years for 85% drop in valuation
Swedish buy now, pay later giant Klarna has suffered a colossal downround, with its valuation dropping by 85% to $6.7bn.
UK FinTech giant Revolut launches in-person POS services
UK FinTech giant Revout has launched its first hardware device as it moves into the in-person payment solution market.
Raylo raises €7.5m for the “responsible evolution of BNPL”
Raylo, a London-based subscription payment platform, has raised €7.5m.
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