Tag: PayTech

India-based payment service MobiKwik has reportedly secured INR 35 crore ($4.3m) in debt from Blacksoil Capital.

Freelancers wait three times longer to get paid than full time staff, as firms struggle with both cash flow and payroll issues, according to research from Sonovate.

Social media platform Instagram has embedded payments through the support of Meta Pay.

International payment solution and infrastructure developer Currencycloud will help Bano, a new Australia-based financial superapp, launch its FX Converter tool to make remittances easier.

Global payments platform SumUp has bagged €590m in a funding round that values the company at €8bn.

Rewire, a digital wallet that has been created for economic migrants, has purchased pre-paid card company Imagen for an undisclosed fee.

Paddle, a payments infrastructure firm for SaaS businesses, has acquired subscription metrics and retention automation software provider ProfitWell.

FinTech Global reported on 38 FinTech funding rounds this week, with companies from across the broad spectrum raking in eye watering amounts to help aid their growth.

A report by ACI Worldwide and the Centre for Economic and Business Research has claimed £1.3bn could be made in cost savings by UK firms through instant payments.

Recent work by Currencycloud has suggested that the gap in differences between traditional lending and payments is narrowing.