Personal Finance

In an age where the traditional form of in-person payments is being restricted due to Covid-19 restrictions, the rise of PayTech seems almost inevitable. With more people than ever now using payment technologies, the demand for funding is also climbing.

PayVEDA, which helps make bill payments easier, has reportedly collected $11.5m in its Series A funding round.

Responsible, an embedded finance company designed to make the fashion industry more circular, has secured $6.6m from a seed round held by Barclays.

The UK parliament has launched a cross-party group of lawmakers to create a framework to regulate digital asset markets, a report by the Financial Times has revealed.

Multi-merchant rewards platform ThankUCash has raised $5.3m in its seed funding round, as it plans to expand its foothold in Nigeria, a report by TechCrunch has revealed.

Digital commerce and payment provider CellPoint Digital has scored $25m in funding from an equity financing round.

Canadian FinTech Pine, which wants to “reimagine the homeownership process”, has raised C$27m comprising of seed and Series A funding.

Indonesian FinTech platform UpBanx has reportedly collected $5.2m in a pre-seed funding round to prepare for its market expansion efforts.

Lloyds Banking Group has reportedly invested into Bink, a digital loyalty card, taking a minority stake in the business.

Embedded finance platform Ant Money has scored $20m in its Series A funding round