Tagged: payments

Edinburgh’s Payments Fintech Zumo Appoints Jonathan Sepulchre as Head of Growth

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Zumo, the Edinburgh-based crypto wallet and payments platform, recently appointed Jonathan Sepulchre to serve as Head of Growth, a newly-created function “to drive the next stage of the company’s development.” An experienced “growth leader” with a comprehensive background in digital marketing, Jonathan will work closely… Read More

Payments Fintech Banking Circle Maintains Steady Growth Trajectory

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Banking Circle, the Payments Bank for the “new economy,” is reporting a “significant” uplift in its performance in 2021 as it continues “to help Payments businesses, Banks and Marketplaces access global cross-border payments, accounts and liquidity management that enables their business customers to transact more… Read More

Routable Offers Instant Payments with Real Time Payments

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Routable has announced the launch of Real-Time Payments (RTP), a service that is designed to enable businesses to pay vendors “within seconds.” According to a statement from the company, RTP can accommodate businesses as they scale from 250 payouts per month to over 100,000. The… Read More

Monoova and Fintech TrueLayer to Introduce Data-enabled Payments in Australia via the Consumer Data Right

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Monoova, a B2B payments solutions provider, and TrueLayer, a key player in open banking, are teaming up to harness financial and identity insights using Australia’s Consumer Data Right (CDR) “for smarter, faster, data-enabled payments in the Australian market.” The benefits of the combination of CDR… Read More

BridgerPay Introduces Self-Onboarding Payment Operations Platform

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$156 trillion will cross international borders in 2022, with cross-border transactions “worth up to 41% more than local ones.” Businesses have the need “to enter new markets, automate payment flows, connect multiple payment providers, and generate data-driven insights.” BridgerPay allows any business “to connect their… Read More

Digital Banking Platform Dock Secures $110M, Bringing Total Valuation to $1.5B+

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Dock, a full-stack payments and digital banking platform across Latin America, recently announced that it has secured $110 million in growth funding led by Lightrock and Silver Lake Waterman, along with contributions from existing investors Riverwood Capital, Viking Global Investors and Sunley House Capital, “bringing… Read More

Nationwide Building Society Reportedly Stops 2,000 More Online Shopping Frauds with SCA

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New payment checks at online checkouts are “proving invaluable” as Nationwide Building Society reports it is “protecting its members from an additional 2,000 cases of online card fraud a month.” Despite the fact that some transactions now take a little longer, new research from UK’s… Read More

Fintech Klarna Introduces Virtual Shopping, Bringing In-Store Experience to Online Consumers

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Klarna, a global retail bank, payments, and shopping service, recently announced the launch of its Virtual Shopping offering, “bringing the best of in-store to the online experience.” Virtual Shopping by Klarna “enables consumers to browse and buy online with confidence by connecting them directly with… Read More

Payment Solution Provider xpate Expands Dev Team Amid Growth in Cross-Border E-Commerce

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xpate, the fast-growing simplified cross-border payment solution provider, has announced a “significant” expansion of its “disruptive” developer team, with 35 new team members onboard in order “to speed up building services aimed to enhance flexibility and data processing for merchants and acquirers.” The new appointments,… Read More

PepsiCo Taps Billtrust’s Automated Credit App Solution in Introducing the Distribution of Hard Mountain Dew

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Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments provider, recently announced that PepsiCo has now deployed its automated Credit Application solution “to support the distribution of HARD MTN DEW, a new Mountain Dew-branded alcoholic beverage.” For the distribution, Blue Cloud Distribution, Inc…. Read More

Open Banking Payments Fintech Token Finalizes $40M Raise

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Token, an Open Banking platform supporting the transition from card to account-to-account bank payments across Europe, has acquired $40 million via a Series C round that was co-led by Cota Capital and TempoCap. Element Ventures, MissionOG, PostFinance and existing investors Octopus Ventures, Opera Tech Ventures… Read More

Bank, Credit Card Fee Negotiator Cushion Raises $12 Million Series A

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Cushion, a bank and credit card fee negotiator service, has raised $12 million in Series A funding, according to a statement from the company. The funding round was led by Rose Park Advisors, with participation from Flourish Ventures, Vestigo Ventures, TSEF, Green Cow Venture Capital,… Read More

UAE’s Spades Dine-in Payment Fintech Acquires $2.5M for Expansion Across MENA Region

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There’s no denying that the Middle East is “growing fast” and its restaurant scene is growing “even faster,” according to an update shared with CI. Dining in the UAE means “exploring one of the most diverse, vibrant, and delicious food destinations on the planet.” Restaurants… Read More

Ebury Acquires Bexs to Expand Global Payments to Brazil

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Ebury, the Banco Santander-backed provider of corporate banking services to SMEs that trade globally, has reportedly agreed to acquire Bexs in a deal that further expands its international payments offering to Brazilian markets. The transaction, currently subject to regulatory clearance, reportedly includes the companies Bexs… Read More

BNPL Fintech Klarna Introduces Flexible Work Policy

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Klarna, an international retail bank, payments and shopping service that helps consumers save time and money, “be informed and in control,” recently announced its new Flexible Work Policy designed “to offer employees greater choice, autonomy, and flexibility in how and where they choose to work.”… Read More

UK Fintech Paddle Acquires $200M to Support SaaS Firms’ International Growth

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Paddle, the provider of a complete payments infrastructure for SaaS firms, recently announced that it has raised $200 million in Series D equity and debt financing “at a valuation of $1.4bn, making it the UK’s latest unicorn.” Led by KKR, an international investment firm, with… Read More

Wirex Reports 150,000 Registrations in First 6 Weeks of US Operations

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Wirex is reporting that it has secured over 150,000 registrations to its crypto app six weeks after its launch in the US. Wirex is based in London, but also maintains offices in Singapore, Kyiv, Dallas, Dublin, and Atlanta. Wirex is a digital payments platform that… Read More

Fintech COMO Chooses SAP Fioneer’s Cloud for Banking to Support Real-Time Payments

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COMO, an international automated paytech, has chosen SAP Fioneer’s Cloud for Banking (C4B) application. This partnership will “allow COMO’s customers immediate access to rich core banking functionality, while enabling real-time payment transactions and reducing costs by up to 60% for corporates.” The C4B system and… Read More

Worldline Teams Up with Fintech Algoan to Provide Credit Assessment Solution

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Worldline [Euronext: WLN], an international leader in payment services, and Algoan, a credit scoring provider, have announced a collaboration agreement “to jointly develop a next-level credit assessment solution to help lenders and services providers make better credit decisions.” This service is based on APIs &… Read More

Fintech Rapyd Introduces Virtual Accounts, a Payments Solution Unlocking Cross-Border Commerce

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Rapyd, an international Fintech-as-a-service platform, announced the launch of Virtual Accounts, a vital product “empowering businesses to expand globally while supporting local payments.” This new product offering enables organizations anywhere “to securely and reliably accept local bank transfers across over 40 countries in more than… Read More

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