Tagged: payments

October 27, 2020 @ 10:19 pm By JD Alois  |  

Paytia, has raised £1.2 million in a “pre-series A seed” round led by Bloc Ventures. Paytia is a specialist firm that enables businesses to take payments over the phone in a compliant manner. Founded in 2016 in Southampton, Paytia’s technology is said to ensure that… Read More

October 26, 2020 @ 3:20 pm By Samantha Hurst  |  

  Payment processing platform Klarna announced on Monday it has formed a new partnership with video game retailer, GameStop.  This news comes just days after Klarna announced its partnership with Etsy. While sharing details about the partnership,  David Sykes, Head of U.S. at Klarna, stated: “Recognizing… Read More

October 16, 2020 @ 11:03 am By Samantha Hurst  |  

Payments platform Square announced on Thursday the general availability of its newest developer tool, Terminal API. According to Square, the new API enables developers to connect Square Terminal, an all-in-one card payments device, to their POS, ERP, or practice management system, regardless of the platform or… Read More

October 14, 2020 @ 8:03 am By Samantha Hurst  |  

Wirex, a UK-based payments platform, has completed its equity crowdfunding campaign on Crowdcube with a total of £3,701,909 secured. The funding round, which secured its initial £1 million funding target just 90 minutes after its platform debut, attracted 6925 Crowdcube investors. As previously reported, Wirex… Read More

October 13, 2020 @ 11:59 am By JD Alois  |  

A speech delivered today by Victoria Cleland, Executive Director, Banking, Payments, and Innovation at the Bank of England, tackled the topic of faster payments and cross-border transfers. Cleland highlighted the three-stage process to advance cross border payments being pursued at the international level and then… Read More

October 12, 2020 @ 4:31 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, is set to close its equity crowdfunding campaign on Crowdcube with more than £3.1 million secured. The funding round was launched last month and has already attracted nearly 6050 Crowdcube investors. As previously reported, Wirex is a UK FCA-licenced global… Read More

October 8, 2020 @ 10:23 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, has secured more than£2.7 million raised through its equity crowdfunding campaign on Crowdcube. The funding round, which quickly secured its initial £1 million minimum target, has so far attracted nearly 5260 Crowdcube investors. As previously reported, Wirex is a UK FCA-licenced… Read More

October 5, 2020 @ 9:28 am By JD Alois  |  

Two European payments firms, Nexi S.p.A. and SIA S.p.A. have signed a memorandum of understanding (MoU) regarding the integration of the two groups through the merger by incorporation of SIA into Nexi, according to a release. The MoU was executed by the respective shareholders, CDPE3… Read More

October 4, 2020 @ 10:42 pm By Samantha Hurst  |  

Wirex, a UK-based payments platform, has successfully secured more than £2.3 million through its equity crowdfunding campaign, which launched less than two weeks ago on Crowdcube. Wirex’s initiative originally sought to raise £1 million and quickly achieved the goal just hours after debut. As previously… Read More

October 4, 2020 @ 10:13 pm By Samantha Hurst  |  

Sezzle, Inc. (ASX: SZL), a U.S.-based installment payments platform, recently announced it has formed a partnership with fashion retailer, UNTUCKit. Sezzle reported that it was selected by UNTUCKit as its preferred ‘Buy Now, Pay Later’ option in an effort to meet growing demand from an… Read More

October 4, 2020 @ 6:50 am By Omar Faridi  |  

Fintech companies in India are now expecting to make a recovery within the next six months, after being hit hard by the COVID-19 pandemic, which has led to many people losing their jobs and businesses shutting down. Indian Fintech firms including payments, lending and neobanking… Read More

September 30, 2020 @ 10:00 am By JD Alois  |  

Bnext, a Spain based neo-bank that has raised over €22 million in funding, has partnered with Rapyd, a Fintech as a Service company, to expand services across Latin America. According to a release, Bnext customers will be able to make deposits into their accounts at… Read More

September 30, 2020 @ 8:21 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has told bankrupt Fintech Wirecard (WDI.DE) to halt payment services in Singapore and to return all customer funds by October 14, 2020. MAS states that it has been monitoring Wirecard’s bankruptcy proceedings and the ability of the company to provide… Read More

September 28, 2020 @ 9:05 am By JD Alois  |  

Payments Fintech Wirex has quickly raised £1.2 million with the first £1 million arriving in an hour and a half today crowdfunding on Crowdcube, according to a note from the company. The securities offering just entered its public stage and now sits at £1.446 million… Read More

September 23, 2020 @ 9:09 pm By JD Alois  |  

Payments tech firm FSS (Financial Software and Systems) is helping Everlink Payment Services Inc., a payments solutions working with Canadian credit unions, banks, and SMEs, modernize its card operations to support its future growth plans. According to a release, the FSS solution was chosen as… Read More

September 23, 2020 @ 7:00 am By JD Alois  |  

Payments platform SpotOn has raised $60 million in a Series C funding round. SpotOn is a Fintech that is focused on the retail, services, and restaurant industries. The company has products specifically designed for each vertical, such as appointments, eCommerce, online ordering, and reservation management…. Read More

September 22, 2020 @ 3:20 pm By JD Alois  |  

The ongoing exposé of leaked documents from FinCEN (the enforcement branch of the US Department of Treasury), and allegations of money laundering, continues to ripple through the media. A story shared by NBC News today covers the collapse of Choice Bank, based in Belize, and… Read More

September 22, 2020 @ 2:25 pm By Samantha Hurst  |  

Paysend, a UK-based global payments platform,  announced on Tuesday it is waiving money transfer fees for U.S. customers throughout the month of October 2020 due to the COVID-19 pandemic.  The fee waiving comes just a couple of weeks after Paysend’s U.S. launch. Speaking about the… Read More

September 22, 2020 @ 8:19 am By JD Alois  |  

Currencycloud and Tribe Payments are partnering on a new “Banking-as-a-Service” solution for Fintechs and digital banks, according to a note from the company. Currencycloud is a global, multi-currency account provider where customers are able to collect, convert, pay, and manage multiple currencies, anywhere in the… Read More

September 21, 2020 @ 8:23 am By Samantha Hurst  |  

    Wirex, a UK-based payments platform, announced on Monday it launched its first crowdfunding campaign through equity crowdfunding platform Crowdcube. Wirex reported it is now seeking to raise £1 million. Founded in 2014, Wirex is a UK FCA-licenced global digital payment platform that has… Read More