Tag: PayTech

PayTech platform Scalapay has become Europe’s latest unicorn, with it reaching the status after the close of a $497m Series B round.

Endpoint Payment Solutions, which offers a global payments solution, has closed its pre-seed round on an undisclosed amount.

Payments platform Modulr has teamed with enterprise blockchain and crypto solutions firm Ripple to enable quicker payments into the UK and Europe.

NachoNacho, a SaaS management platform, has collected $3m in its seed funding round.

Banking giant J.P Morgan has entered an agreement with PayTech firm Viva Wallet to acquire an ownership stake of approximately 49%, subject to regulatory approvals.

A survey by Icon Solutions has found the Request to Pay payment method is expected to challenge current payment methods such as direct debit and payment cards in the near future.

Checkout and shopper network platform Bolt has secured $355m in funding in the first part of its Series E financing round.

Cloud-native payments orchestration firm Gr4vy has secured $15m in Series A extension funding.

In an age where the traditional form of in-person payments is being restricted due to Covid-19 restrictions, the rise of PayTech seems almost inevitable. With more people than ever now using payment technologies, the demand for funding is also climbing.

Payments firm SumUp has launched SumUp Pay, a digital wallet that the company claims makes shopping locally easier and more rewarding.