Tag: PayTech

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.

X1, a US-based smart credit card provider, has secured $15m in a Series B funding round led by Soma Capital.

Revio, which is on a mission to solve the payments failure problem in emerging markets, has raised $1.1m in funding.

Cambodian financial institution ABA Bank has become the first bank in the country to launch an instant card issuance kiosk, through a partnership with Compass Plus Technologies.

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.