Vivid Money bags $60m Series B to expand across Europe
Berlin-based challenger bank Vivid Money has raised $60m from a Series B funding round led by Greenoaks.
FOMO teams with Atome to expand BNPL across Asia
Singaporean payments company FOMO Pay has partnered with buy now pay later (BNPL) firm Atome to expand the use of BNPL in Asia.
India-based FypMoney App said to raise $2m in seed funding
FypMoney App has reportedly collected $2m in a seed funding round, which will help it deepen its product development.
CollegeBacker rebrands after close of $8.4m round
Social savings platform CollegeBacker, which has rebranded to Backer, has scored $8.4m in a funding round, which was led by Crosslink Capital.
Viva Wallet receives Tencent backing as it bags $80m financing
Greek FinTech Viva Wallet has raised $80m in financing to bolster its loans and instant payment services.
Jared Leto and Will Smith back teen banking startup Step in $100m round
Teen payment and banking firm Step raised $100m in Series C funding led by General Catalyst.
Mobile banking provider Current picks up $220m, triples valuation to $2.2bn
Venture capital firm Andreessen Horowitz led a $220m investment in Current which tripled its valuation giving it the unicorn status.
Ecommerce fraud losses of $20bn expected in 2021, China to be key fraud market
A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.
Nedbank, Mastercard team to enable WhatsApp payments for small businesses
South African bank Nedbank has teamed with payment giant Mastercard and local FinTech Ukheshe to allow its customers to pay small businesses through WhatsApp.
NatWest to block cryptocurrency payments following earlier FCA warning
UK retail bank NatWest will not accept payments in cryptocurrencies, according to the company’s head of risk Morten Friis.
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