August 24, 2024 @ 7:34 am By Omar Faridi  |  

Thera, a payroll and payments platform, has announced that it has raised a $4 million Seed round with participation from Y Combinator, 10x Founders, Amino Capital, Zillionize, and Bayhouse Capital. Angels in the investment round reportedly “include Oliver Jung, Chris Bakke, Andrew Yeung, Akash Magoon,… Read More

 Tagged funding round, payments, payroll, thera, y combinator

August 24, 2024 @ 7:33 am By Omar Faridi  |  

CBA and BNY announced that they are delivering near real-time cross-border payments. Through a new cross-border payments collaboration between Commonwealth Bank of Australia (CBA) and The Bank of New York Mellon (BNY), Australian businesses and individuals who “receive international payments from BNY’s customers may now… Read More

 Tagged australia, bny, CBA, cross-border payments

August 23, 2024 @ 11:45 am By Omar Faridi  |  

Siepe LLC, a provider of software and technology-enabled services for private credit and CLO managers, has raised $30 million in a Series B funding round led by WestCap, a strategic operating and investing firm with $6 billion in assets under management (AUM). The investment will… Read More

 Tagged funding, private credit, siepe, westcap

August 23, 2024 @ 10:56 am By Omar Faridi  |  

Anchorage Digital, the crypto platform for institutions, is pleased to announce its first stablecoin rewards program, enabling institutions to earn competitive rewards on PayPal USD (PYUSD) balances held at Anchorage Digital or in our recently launched institutional self-custody wallet, Porto. PYUSD remains fully accessible and… Read More

 Tagged anchorage digital, paypal, self-custody, stablecoin

August 23, 2024 @ 8:29 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has acquired Laybuy’s assets in New Zealand, the birthplace of the payments provider, and plans to relaunch the service in the coming weeks. Laybuy, which ceased operations in June, is “set to make a reenergized return… Read More

 Tagged ai, klarna, laybuy, new zealand, payments

August 23, 2024 @ 8:28 am By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with Hotels.com. Now, approved guests can book accommodations and pay over time “with Affirm, helping more people book the trip of their dreams.” This builds on Affirm… Read More

 Tagged affirm, bnpl, pay over time, payments

August 23, 2024 @ 8:28 am By Omar Faridi  |  

Apiture, a provider of digital banking solutions, announced that Surety Bank, a Florida-based community bank with customers nationally, has selected the Apiture Digital Banking Platform to power online and mobile banking for its commercial and retail customers. Surety Bank sought a new digital banking partner… Read More

 Tagged apiture, digital banking, florida, mobile banking

August 23, 2024 @ 8:26 am By Omar Faridi  |  

Convera, a global firm focused on commercial payments, introduced its embedded payments solution for the education industry through its new partnership with Ascent One, which is said to be the worldwide  ecosystem purposely built for the education sector. This solution aims to simplify cross-border payments… Read More

 Tagged ascent one, convera, embedded payments, payments

August 22, 2024 @ 9:12 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, marked its 10th anniversary serving Australian businesses, marking the rapid growth in the country’s internet economy. At its annual conference, Stripe Tour Sydney, Stripe reinforced its commitment “to Australia by launching new solutions to support businesses’ growth, including… Read More

 Tagged australia, financial infrastructure, fintech adoption, stripe

August 22, 2024 @ 9:11 pm By Omar Faridi  |  

Experian released its 2024 U.S. Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses. The 9th annual Experian Identity and Fraud Report provides valuable insights “into emerging fraud trends such as these, as… Read More

 Tagged experian, fraud, genai, identity, research