Jack Dorsey’s Square buys Afterpay in $29bn deal amid buy now, pay later boom
Twitter co-founder Jack Dorsey's digital payments platform Square has acquired Australian 'buy now, pay later' firm Afterpay to create an online payments powerhouse and help accelerate Afterpay’s growth in the US.
BNPL market projected to generate almost $4trn annually by 2030
A report by Allied Market Research has projected that the buy now, pay later (BNPL) will generate $3.98trn by 2030 and record a CAGR of 45.7% from 2021 to 2030.
Pakistani BNPL player QisstPay secures $15m pre-seed and seed funding
QisstPay, a buy now, pay later (BNPL) company from Pakistan has raised $15m across its seed and pre-seed funding round to expand its team and services.
GIMO secures funding to serve Vietnam’s blue-collar workers
Vietnamese FinTech startup GIMO, which offers on-demand pay for blue-collar workers, has raised $1.9m in a seed+ round led by Singapore’s Integra Partners. The round...
Jack Dorsey’s Block completes Afterpay acquisition
Twitter co-founder Jack Dorsey’s digital payments platform Block (previously Square) has completed its acquisition of Buy Now, Pay Later (BNPL) firm Afterpay.
Andreessen Horowitz backs cross-border PayTech Payall
Payall, a bank processor for cross-border payments and international money transfers, has closed a $10m seed round led by Andreessen Horowitz (a16z).
payabl. secures pivotal UK EMI licence milestone
Leading European PayTech payable. has announced it has secured an Electronic Money Institution authorisation (EMI licence) in the UK.
Primer launches innovative AI tool to bolster business revenue
Primer has launched UpliftAI, a first of its kind AI payments tool designed to empower online merchants to predict, optimise and deliver the highest possible authorisation rate across all global processors to drive revenue growth.
JP Morgan Chase buys tech behind failed CurrentC
JP Morgan Chase is ramping up its mobile payments offering through the acquisition of MCX payments technology.
Glint already closes another batch of funding
Global currency, account and app Glint has reportedly raised another £3m, having just closed a similar investment in August.