Klarna becomes Europe’s highest-valued private FinTech after netting $639m in funding
Swedish-based BNPL giant Klarna raised more than $639m in a new private fundraising round, led by Japan’s SoftBank, boosting its valuation to almost $46bn.
Mastercard, Checkout.com and Careem join forces for instant wallet top-ups in the UAE
Mastercard, a global technology company spearheading the payments industry, has joined hands with Checkout.com, an acclaimed global payments solution provider, and Careem, the Middle East's renowned 'Everything App', for a transformative initiative.
Real estate finance firm Lev bags $10m in a seed round
NYC-based online commercial real estate financing transaction platform, Lev raised $10m in seed funding.
Klarna expands its grip on online retail
Global retail bank, payments and shopping service Klarna has launched a browser extension that enables consumers to shop with its flexible payment options even...
Apple reveals Apple Card Family which lets families share its credit card services
The Apple credit card got an update and now it can be shared and merged with family members, CEO Tim Cook revealed.
Paysafe to acquire SafetyPay in $441m all-cash deal
Specialised payments platform Paysafe has bolstered its payments footprint after it signed an agreement to purchase ecommerce payments company SafetyPay for $441m in cash.
FinTech unicorns and startups to face a coronavirus-created “vicious cycle” that could slash their...
The global COVID-19 outbreak could worsen business and funding conditions as well as changing private FinTechs’ exit options, according to a new report.
FSB publishes roadmap to enhance cross-border payments
The Financial Stability Board (FSB) has published a roadmap to enhance cross-border payments, which will be delivered to G20 finance ministers and central bank governors at a October 14 meeting.
Kasikornbank enters $50m partnership to support Grab’s FinTech expansion
Kasikornbank has made a $50m strategic investment in Thai ride-hailing business Grab, as it expands its reach on Southeast Asia’s FinTech market.
Crypto PayTech MoonPay secures $555m in highly subscribed Series A
MoonPay, a company that builds payment infrastructure for cryptocurrencies, has closed a Series A financing raise on $555m.
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