Citi announced on Monday the launch of a new service for its institutional clients that speeds up the processing of their cross-border payments through the digitization of supporting documents. Citi reported the service, which is being rolled out initially in South Africa, is claimed… Read More
Divvy, a modern payment and expense management platform for businesses, which notably secured $165 million through its Series D funding round, making it one of only 14 Fintechs this month to raise a mega-round ($100M+ or more) in January 2021, notes that during the last… Read More
Following the tragic event at the Capitol Building last Wednesday, U.S.-based fintech Stripe has reportedly stopped processing payments for President Donald Trump’s campaign website. According to WSJ, a source close to the situation stated that Stripe is cutting off the campaign account for violating… Read More
Pay Theory, a U.S.-based family tech startup, announced on Monday it has launched a new payment processing platform with the mission of making school fees and payments straightforward for all involved parties: families, educators, and administrators. Founded in 2018, Pay Theory describes itself as… Read More
BTCPay Server, a self-hosted, open-source digital currency payment processor that claims to be secure, private, “censorship-resistant” and free to use, recently expanded its ability to bring Bitcoin’s (BTC) values to global digital commerce with a Shopify integration The BTCPay Server team, which is one of… Read More
Texas-based Fintech firm AppBrilliance, which offers an open payment platform, has acquired more than $3 million through a seed funding round that was joined by Studio VC. Headquartered in Austin, AppBrilliance aims to disrupt the $4 trillion payment processing sector by offering non-custodial… Read More
Fivestars, a U.S.-based integrated payment processing and marketing platform, recently announced it raised $52.5 million in a combination of Series D equity and debt financing. Founded in 2011, Fivestars claims to be a leading payment and customer loyalty platform for small local businesses. The company… Read More
Payment processing platform Klarna announced on Tuesday it secured $650 million through its latest equity funding round, bringing its money valuation to $10.65 billion. The funding round is led by Silver Lake Founded in 2005, Klarna offers products and services to consumers and retailers within payments, social… Read More
Mollie, a European payment processing company, has secured €90 million in capital through a Series B investment round which was led by TCV, a prominent investor that has also participated in rounds conducted by Spotify, Revolut, Netflix, and Nubank, one of the largest digital banks… Read More
Open banking platform Nuapay announced on Wednesday it has formed a partnership with payment processing startup Felloh! to create a new solution that will enable consumers to donate to charities through an open banking process, with over 50% of beta testers finding it easier to… Read More
F1 Payments, Cross River Bank, and RS2 Software announced on Tuesday they have joined forces to deliver payment processing services throughout North America. Through the collaboration, F1 Payments will utilize RS2’s global processing platform and Cross River’s sponsorship service to process payments for physical and virtual… Read More
Payment processing platform Klarna announced on Tuesday the launch of its new Buy Now, Pay Later Shopper Loyalty Program, Vibe. According to Klarna, the no-fee program will be rolled out to the U.S. market in June before being extended to the platform’s other key markets… Read More
Global payment solution provider Checkout.com announced on Thursday it has acquired Australian startup, Pin Payments. Checkout.com reported that the acquisition represents the next chapter of the company’s momentum across the Asia-Pacific (APAC) region as it continues to support both international and domestic merchants to grow… Read More
Sweden-based banking challenger Rocker has reportedly chosen Enfuce, a Finland-headquartered Fintech firm, as its official card issuing and payment processing partner. The move should streamline processes involving the issuance of Visa prepaid cards. The news has come after Rocker (previously operating as Bynk) introduced a… Read More
Accuity recently acquired London-headquartered Apply Financial, a Fintech firm that offers payment processing and payment validation solutions to individuals and companies. Although the amount paid for the acquisition and the other terms of the deal have not been shared publicly, Accuity’s management said that the… Read More
Online payment processing provider Allied Wallet announced on Monday its new plans to bring blockchain technology to India’s e-commerce market. Allied Wallet reported that it and its Founder Andy Khawaja have supported India’s e-commerce growth for many years and now aim to bring their e-commerce… Read More
Checkout.com, a global payment solutions provider based in the UK, announced on Wednesday it has completed its first acquisition. The company acquired french payment startup, ProcessOut. The acquisition follows Checkout.com’s $230 million Series A funding round, which values the company at nearly $2 billion. Checkout.com… Read More
Castlery, a direct to consumer furniture store from Singapore, is now accepting in-person and online payments with payment platform Stripe. According to Stripe, Castlery sold its products online, and soon after ventured into offline retail with physical showrooms. “Handling both online and offline payments was… Read More
FIS (NYSE: FIS), a financial services technology firm, announced on Friday it has expanded its payment processing in Africa. Through the expansion efforts, FIS will integrate technology from Flutterwave, a U.S.-based payments technology company with operations in Africa, into its Worldpay payment processing platform for… Read More
Payment processing platform Klarna announced on Thursday its plan to open a tech hub in Berlin at the beginning of next year. Klarna reported that the new hub will enable it to further build out its product portfolio and services as well as better serve… Read More
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