Tagged: payments

Enterprise Payments Platform Candex Secures $20M via Series A led by Altos Ventures

Enterprise payments platform Candex has reportedly secured $20 million in capital via a Series A funding round that was led by Altos Ventures along with participation from NFX, American Express Ventures, and JP Morgan. Launched in 2011, Candex serves as a master vendor for small… Read More

U.S. Payment Fintech Tribal Credit Scores $34.3 Million Through Series A Funding Round Led By QED Investors & Partners For Growth

  Tribal Credit, a U.S.-based payment fintech, announced on Wednesday it secured $34.3 million through its Series A funding round, which was led by QED Investors and Partners for Growth with participation from BECO Capital, Global Ventures, OTG Ventures, Endure Capital, and Endeavor Catalyst. Founded in… Read More

UK Fintech 3s.Money, a Banking Challenger that Helps Corporates with Managing Fund Transfers, Secures £3M in Capital

UK-based 3s.money, a startup that assists corporates with accepting and managing their bank transfers in foreign markets, has reached a £40 million valuation following a £3 million Series B round that was led by TMT Investments. As stated on 3s.money’s website: “3S Money is a… Read More

UK Fintech Payhawk Finalizes $20M Series A Round led by QED Investors, with Contributions from Earlybird VC Fund

UK-based Fintech Payhawk, a company focused on developing the “financial system of tomorrow” that combines credit cards, payments, and expenses into “one experience,” has revealed that they’ve closed a $20 million Series A financing round. The firm’s management noted on April 20, 2021, that this… Read More

London based Clear Junction, a Payments Solution Provider, to Offer Banking Solutions to Gibraltar’s Turicum Private Bank

London-based Clear Junction, a global payments solution provider, revealed on Tuesday (April 20, 2021) that it’s offering banking and payments solutions to Turicum Private Bank, with a key focus on handling real-time payments in GBP and EUR. Turicum Private Bank is a privately-owned banking institution… Read More

Morocco Is Now Home to Many Fintech Services, Crowdfunding, Lending, Advanced Data Analytics Platforms: Report

Morocco is reportedly one of the most prominent Fintech hubs in the MENA region, as it’s currently home to approximately 13% of around 400 regional Fintech businesses, according to research carried out by financial inclusion supporter Consultative Group to Assist the Poor (CGAP). The report,… Read More

CBDCs: China to Expand Digital Yuan Pilot Program into other Cities, but No Confirmed Date for Official Virtual Currency Launch

China is reportedly expanding its virtual yuan experiments to more local cities, however, there’s no exact timetable for its official launch, central bank Vice Governor Li Bo stated during an annual meeting on Sunday (April 18, 2021) of both Chinese and foreign policymakers, senior executives… Read More

BNPL Fintech Affirm Reveals that Buy Now, Pay Later Accounted for Record $24B in US Consumer Spending Last Year

BNPL Fintech Affirm (NASDAQ:AFRM) notes that last year’s holiday shopping season set many digital commerce records, including in its “volume of purchases” made through Buy Now, Pay Later (BNPL) services. Affirm cites Salesforce data which reveals that BNPL transactions surged 109% when compared to the… Read More

$600 Billion Lost to Payment Declines Last Year, According to Analysis from Digital Commerce Fraud Prevention Fintech Riskified

The team at Riskified, provider of an “all-in-one” e-commerce fraud prevention solution and chargeback protection service for “high volume and enterprise merchants,” notes that digital commerce businesses spend most of their budget on “customer acquisition, focusing on getting consumers to hit the ‘buy’ button.” While… Read More

Netherlands based Payment Services Provider Online Payment Platform Selects Banking Circle to Help it Support Global Marketplace

Earlier this week, Online Payment Platform, the Netherlands based payment services provider, chose Banking Circle to help it support global marketplaces As confirmed in a release, Online Payment Platform selected payments specialist and licensed bank, Banking Circle, to “enhance its marketplace offering.” As mentioned in… Read More

BitPay Adds New Clients, as Crypto Firms Raise More Funding in Q1 2021 than All of 2020, Crypto Market Surpasses $2.2 Trillion

  The team at BitPay, a leading cryptocurrency payments platform, notes in their regular monthly update report that it has been another busy month in the world of digital currencies. BitPay writes in a blog post that they continue to welcome new merchants while offering… Read More

Global Payment Tech Nuvei Acquires Gaming Payments Platform Mazooma

  Nuvei, a global payment technology provider based in Canada, announced on Friday it is set to acquire Mazooma Technical Services Inc. a U.S.-based focused gaming and sports wagering payment technology provider for approximately $56 million, plus additional consideration subject to the achievement of specific… Read More

Citi API, the Bank’s API Connectivity Platform, has Processed Over 1 Billion API Calls Since Launching in Late 2017

Manish Kohli, Global Head of Payments and Receivables at Citi (NYSE:C), notes that at the leading banking institution, they’re using APIs to facilitate payments, to digitize the “client experience” and “ultimately to help change our client’s evolve to real-time, 24×7 direct to consumer business models.”… Read More

Payments Solution Provider Fave Acquired for $45M by Asian Commerce Platform Pine Labs

Payments solution provider Fave has reportedly been acquired by Pine Labs, an Asian commerce platform. The acquistion deal is deal valued at more than RM 185 million (appr. $45 million). With this strategic acquisition, Indian consumers may now use the Fave app at some point… Read More

BitPay Joins Crypto Patent Effort “COPA”

Cryptocurrency payments platform BitPay announced on Wednesday it has collaborated with the Crypto Open Patent Alliance (COPA) to share open-source projects and use a shared patent library. According to BitPay, COPA was founded by Square and believes open access to patents and freedom from threats on… Read More

Former Mastercard Exec Javier Perez Invests €8M in Danish Fintech Cardlay, Investment via Global Paytech Fund

Cardlay has secured €8 million in capital from a venture fund that’s managed by former Mastercard executive Javier Perez, according to a release. As mentioned on its official website: “Cardlay is a world leading Fintech partner of commercial card services and payment infrastructure. We supply… Read More

Digital Banking Software Firm Temenos Reveals that BlueShore Financial Is Streamlining Operations with Temenos Infinity

Temenos (SIX: TEMN), the banking software firm, revealed on April 13, 2021, that BlueShore Financial, a boutique “full-service” financial institution, is “digitally transforming” its operations along with Temenos. As mentioned in a release, BlueShore is powered by Temenos Infinity, the omnichannel digital banking solution.  BlueShore… Read More

Malaysia’s PayNet Partners FassPay to Help Small Merchants Process Card Payments with Mobile Devices as POS Terminals

Malaysia’s PayNet, the national payments network and shared central infrastructure for that nation’s capital markets, has decided to work with FassPay, a subsidiary of Soft Space, which will be a third-party acquirer for MyDebit, the country’s local debit card scheme. This new appointment should allow… Read More

CommBank’s x15ventures Makes Strategic Investment to Acquire Minority Stake in Payble, an Identitii Bill Payment Subsidiary

CommBank’s x15ventures has reportedly made a £1 million investment in order to acquire a significant minority stake in Payble, an Identitii bill payment subsidiary. As mentioned on its official website: “Payble™ is a better way to get paid. Improve cash collection, lower transaction costs and… Read More

Inter-American Development Bank Teams Up With CITI Innovation Labs For Cross-Border Payments Over Blockchain

  Inter-American Development Bank (IDB) announced on Thursday it has teamed up with CITI Innovation Labs to create cross-border payments from the U.S. to countries in Latin America and the Caribbean using blockchain and tokenized money. According to IDB, The LACChain Blockchain Network-enabled several disbursements… Read More

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