SME lender iwoca has raised £21m in a Series C round led by Prime Ventures. Funding also comes from existing backers.

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.

Financial services technology company Fiserv is partnering with Early Warning to offer the company’s clearXchange peer-to-peer payments service.

Singapore-based point-of-sale (POS) technology company Eleos has received S$3m ($2.2m) in funding from telco M1’s subsidiary M1 TeliNet.

German online bank Fidor Bank has been acquired by Groupe BPCE, Frances second-largest banking group. The price of the deal is undisclosed.

Automotive financing firm Yixin Capital has landed $550m from a consortium of heavyweight Chinese internet firms.

Privacy-enhancing software company Privitar has raised £3m ($2.9m) in a new round of funding led by Illuminate Financial Management.

Singaporean business-lending marketplace Funding Societies has raised S$10m ($7.4m) in a new round of funding led by the Sequoia India, the regional arm of the VC giant.

Axial, a New York-based online capital marketplace, has raised $14m in its Series C round. The company's platform is designed to match private companies to find growth financing or M&A opportunities.Edison Partners led the round with Comcast Ventures, First Round and Redpoint Ventures also participating. The round brings Axial's total funding to more than $34m.Axial says it's used by...

Mobile payments company Square beat Wall Street’s expectations to report a 41% year-on-year jump in revenue for the second quarter of 2016.