Tag: Payments

Payrix, which enables SaaS companies to embed payments, has closed an extension of its Series A round to support the growth of its team.

FinTech in Africa is not improving a traditional financial ecosystem, it is creating one. It is estimated that around 66% of the adult population on the continent is unbanked, but the time for change is now and FinTech is the way to do that.

Alternative payments company AeroPay has closed its seed round to support the growth of its team and operations.

Australia-based payments firm Airwallex has extended its Series D by $40m to bring the round’s total to $200m.

The instant payments market is expected to grow by 500% to reach $18trn by 2025 and will account for 17% of all B2B and consumer digital money transfers and payments.

Petal, a credit card company helping people to build credit, has closed its Series C on $55m so it can help more people in these tough times.

The Conference of State Bank Supervisors (CSBS) has released a new programme whereby payment firms can complete one compliance examination and be regulated across more than 40 states.

Second-Factor Authentication (2FA) has been implemented across Europe under the PSD2 regulation and is helping protect consumers with online fraud. In a new case study, Electronic IDentification has explored the technology.

Egypt-based Kashier Payments has reportedly closed a seed round led by Glint Ventures.

South Korean FinTech platform WireBarley has secured KRW10bn ($10m) in its Series B investment.