B2B payments provider Reserve Trust notches $30.5m to drive next stage of growth
FinTech trust company Reserve Trust, which has a Federal Reserve master account, secured a $30.5m Series A investment in a round led by QED Investors.
Nigerian FinTech firm Flutterwave lands unicorn status after $170m funding
Africa-focused FinTech company Flutterwave has raised $170m in a Series C round pushing the company’s valuation at more than $1bn.
Revolut might get decacorn status in upcoming funding round
London-based digital banking app Revolut is reportedly eyeing a fundraise that would value the company at over $10bn, as reported by Sky News, which cited unnamed sources.
WorldRemit launches money transfers from within Africa
WorldRemit, a digital money transfer platform, has launched its transfer services from within Africa to simplify the sending and receiving of money across the continent.
How Covid-19 supercharged the growth of the digital remittance market
A new blogpost by Currencycloud has underlined how the coronavirus pandemic and the restrictions put in place due to it has led to the massive growth of digital remittances.
Global remittance service Remitly receives funding from Visa
Global remittance service provider Remitly has collected an equity investment from Visa, which will help extend their partnership.
Azimo integrates with Facebook Messenger
International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.
Payments startup PhonePe said to raise $28m in funding
India-based digital payments company PhonePe has reportedly collected $28m in a new funding round from e-commerce giant Flipkart.
Airtel Africa continues funding spree with fresh investment
Airtel Africa continues its funding spree with it reportedly closing a fresh $200m investment from Qatar Holding, an affiliate of sovereign wealth fund Qatar Investment Authority.
Paysafe fortifies payments footprint with PagoEfectivo acquisition
UK specialised payments platform Paysafe has entered an agreement to purchase alternative payments platform PagoEfectivo for an undisclosed fee.
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