UK FinTech giant Revolut records first full year of profitability
UK FinTech giant Revolut has recorded its first full year of profitability, after it generated £100.3m adjusted EBITDA and £26.3m in profit for 2021.
PPRO enters South Korea through integration with FinTech giant Toss
Digital payment infrastructure provider PPRO has extended its services to South Korea by integrating with local cards and e-wallet Toss Pay.
Cross Switch buys 50% stake in Morocco-based FinTech Vantage Payment Systems
Cross-border payments company Cross Switch has acquired a 50% stake in Vantage Payment Systems, a FinTech aiming to democratise payments in Morocco.
TerrayPay, Beyon Money partner to improve remittance in Bahrain
Global payments infrastructure company TerraPay has teamed up with financial super app Beyon Money to help remitters in Bahrain.
Remittance company Servicio UniTeller hit with $700k fine
The Consumer Financial Protection Bureau (CFPB) has ordered international remittance company Servicio UniTeller to pay a $700,000 penalty.
PayTech Native Teams bags €2m to support remote and flexible workers
Native Teams, a work payments platform for remote and flexible workers, has raised €2m in a seed round.
Techbank Varo Bank teams up with Zelle for payments
Varo Bank, an all-digital, nationally chartered U.S. consumer techbank, has teamed up with Zelle, a developer of payment and risk management solutions.
Digital payouts FinTech WeGift raises £26m
WeGift, which claims to be an industry leader in digital payouts, has closed its Series B funding round on £26m.
MoneyGram backs financial super-app Jingle Pay
UAE-based financial super-app Jingle Pay has received a minority investment from P2P payment platform MoneyGram International, alongside a new partnership.
Hummingbird Ventures backs neobank Vance in seed round
India-based global neo-banking platform Vance has raised $5.8m in a seed round led by Hummingbird Ventures.