UK bank 3S Money raises £3m to boost hiring, business expansion
UK banking platform 3S Money has raised £3m from a Series B funding round and has hit a £40m valuation.
How did digital wallet FinTech Paytm lose $549m last year?
Indian FinTech unicorn Paytm lost $549m in the financial year ending in March.
Revolut expands market footprint with move into the travel sector
UK FinTech firm Revolut has widened its market presence after it rolled out a booking service for the travel industry.
JP Morgan team with DBS, Temasek to launch joint payments firm
JP Morgan has partnered with DBS Bank and Singapore government-owned firm Temasek to introduce a new joint payments company.
Indonesian payments platform Flip closes $100m Series B
Indonesian consumer payment platform Flip has secured the second close of its Series B, which brings the round’s total to $100m.
Traditional banks who don’t innovate could lose $280bn by 2025
The global payments industry could cash in on an additional $500bn by 2025, but at the same time old school bankers could lose $280bn of that by not adopting new technology.
HSBC and ING back buy now pay later firm Divido in $30m round
UK-based whitelabel platform for retail finance Divido raised $30m in Series B funding.
Could the coronavirus be the push the UK needs to become cashless?
Britain has fallen behind other countries like Sweden when it comes to removing physical money from its economy. However, the COVID-19 outbreak might change that.
Checkout.com becomes the Libra Association’s newest member as the crypto project is seemingly gaining...
Having lost some of its founding members when the public scrutiny got fierce, the Libra Association has now added Checkout.com to its membership as things seem to be moving faster for the cryptocurrency project.
Viva Republica captures $23.7m to expand its services
South Korean mobile payments firm Viva Republica has landed $23.7m for its Series B funding round. The company is the developer behind peer-to-peer mobile transfer app Toss.
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