Remittances

International money transfer app Spoko.app has reportedly collected €5m in funding from its strategic investor FinTech Ventures S.A.

India-based mobile wallet service firm MobiKwik filed a Draft Red Herring Prospectus (DRHP) filing for its IPO to raise $255m, becoming the latest Indian startup to explore the public markets.

A recent study by card issuing platform Marqeta has examined the potential roadblocks and innovations that may arise over the next decade in the payments industry.

Ripple, a blockchain and cryptocurrency solution, has announced the launch of its On-Demand Liquidity (ODL) service in Brazil with Travelex Bank.

Only 51% of UK bank employees recommend their institutions' international payments services, according to a revealing survey commissioned by Wise. The findings underscore the pressing need for banks to revamp their cross-border payments solutions if they hope to stay competitive against dedicated international payment providers.

Singapore-based SingX has raised $4.5m in its second round of funding and expands its services to Malaysia and Hong Kong.

Asia-based cross-border payments company InstaReM has held the first close of its $45m Series C round.

Healthcare payments startup PatientPay has secured $6.15m in growth financing to enhance its omni-channel patient payments platform.

Saudi Arabia-based STC Pay, digital payment solution developer, has reportedly reached a $1.3bn valuation after the close of a $200m investment.

Africa-focused FinTech company Flutterwave has raised $170m in a Series C round pushing the company’s valuation at more than $1bn.