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Car IQ, a provider of vehicle payments, has exceeded its Series B target, closing the round on $15m.
Global spend on B2B cross-border payments is expected to exceed $40trn by the end of 2024, rising from $27trn in 2022, according to a report from Juniper Research.
Australian payments company Till Payments has reportedly laid off 120 employees, whilst adding three new board members.
Butter, which has built a payments technology to fix payment failures, has secured $22m in its Series A funding round,
Plooto, an end-to-end accounts payable and accounts receivable automation software platform, has scored $20m in a Series B raise.
Revio, which is on a mission to solve the payments failure problem in emerging markets, has raised $1.1m in funding.
Worryingly, 96% of SME payments decision makers lack understanding of the payment process, according to a report from Cashflows, which helps merchants accept payments.
?UK fintech Atoa Payments is the new startup looking to give small businesses a viable alternative to debit card payments. It has raised $2.2m for its pre-seed round.