Saudi Arabian paytech Geidea names Abdulrahman Almutairi as new group CTO
Almutairi previously served as CTO at STC Pay for nearly five years.
POS
Emirates NBD taps Pine Labs to enhance merchant acquiring services
Emirates NBD will implement Pine Labs’ Credit+ solution.
Marine financing fintech Salt granted FCA approval and names new CRO
In addition, the fintech revealed it was on the hunt for additional investors for its ongoing seed funding round.
South African fintech Lesaka snaps up Adumo in $86m deal
The acquisition is expected to be finalised in the third quarter of 2024.
Nayax acquires Brazilian paytech VMtecnologia to propel LatAm expansion
The deal has a total potential consideration of up to $27 million based on certain conditions.
UK paytech myPOS names Mario Shiliashki as new CEO
Shiliashki has previously held leadership roles at industry giants including PayPal and Mastercard.
Fortis Digital Solutions lands $20m Series A for push into MENA
The investment will be used to fuel Fortis’ planned expansion into the MENA region.
Danish paytech Flatpay bags €45m in Series B funding
Following the recent fundraise, Flatpay’s valuation has now surpassed €100 million.
Worldline and Crédit Agricole unveil new merchant payments joint venture CAWL
The joint venture will offer payment acceptance and payment acquisition solutions for merchants in France.
Rabobank partners French fintech Dejamobile for merchant SoftPOS solution
The partnership will enable the bank’s merchant clients to accept payments on their mobile phones.
Fiserv reportedly in the running to acquire Shift4 Payments
According to a recent Reuters report, final bids for a potential takeover are due to arrive in the coming weeks.
ABN Amro partners Dutch paytech Buckaroo for merchant payment services
Utrecht-based PSP Buckaroo will assume management of the bank’s debit card acquiring contracts.
FinTech Futures: Top five news stories of the week – 23 February 2024
Our pick of the top fintech news stories this week includes Capital One, Toast, Xalts and more.
US hospitality fintech Toast to cut 550 jobs as part of restructuring plan
The fintech says the restructuring plan is intended to “promote overall operating expense efficiency”.
State of play: payments
Today, consumers have more options than ever to make payments. So which method will ultimately win?
Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams
The cuts are to be actioned with immediate effect, according to a staff memo from Dorsey.
PayTech Awards 2024 sponsorship opportunities
Unmissable sponsorship opportunities – digital and physical – at the upcoming PayTech Awards on 28 June.
Ally Financial sells POS financing business to Synchrony
Synchrony says the acquisition will also include $2.2 billion in loan receivables.
ICYMI fintech funding round-up: Prometeo, Zeal, Detected and Finbridge Global
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Join us as a judge for PayTech Awards 2024!
The prestigious PayTech Awards 2024 invites payments professionals to apply to join the esteemed panel of judges.
Nepal’s Kumari Bank taps Compass Plus Technologies for payments processing
The pair states that it has migrated over 500,000 cards, 1,200 POS terminals and almost 300 ATMs.
Southeast Asian fintech Salmon acquires controlling stake in Filipino bank
Once the deal is completed, Salmon will own 59.7% of the Rural Bank of Sta. Rosa (Laguna).
UK fintech Bumper raises $48m in Series B funding round
The round, led by Autotech Ventures, takes Bumper’s total funding to date to $64 million.
Dutch neobank Bunq launches self-built GenAI platform for customers
Dubbed Finn, the platform allows users to ask advanced questions or seek advice about their finances.
ICYMI fintech funding round-up: Nearpay, Supra, Hyperplane and Pave Bank
Our weekly round-up for you to get the latest fintech funding news from around the world.
John O’Beirne takes the reins as executive director of Square’s Europe operations
O’Beirne joins from Bank of Ireland, where he spent almost 20 years in various senior roles.
Mexican fintech start-up Trafalgar taps Thought Machine for core banking technology
Trafalagar plans to launch its new platform, running on Vault Core, in Q2 2024.
Italian fintech Qomodo lands €34.5m pre-seed funding
The start-up aims to bring SmartPOS, Tap-to-Phone and BNPL payment solutions to physical merchants.
BNPL fintech Jifiti lands European EMI licence from Swedish regulator
Jifiti says it can now provide clients with a broader range of payment products and pan-European solutions.
Nominations now open for the seventh annual PayTech Awards
Submit your nominations before 15 March 2024.
US Bank and subsidiary Elavon launch new POS solution for small businesses
The solution seeks to help small business owners avoid making a “large upfront investment”.
Moniepoint gets the go-ahead to acquire Kenyan fintech Kopo Kopo
For Moniepoint, which operates in Nigeria, the acquisition allows it to expand its footprint into Kenya.
ICYMI fintech funding round-up: Communion, CityPay & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Payabl. secures EMI licence in the UK
Payabl. says the authorisation will “unlock significant opportunities” as it looks to expand across the UK.
US fintech start-up Croissant launches with $24m funding
Croissant integrates into merchants’ shopping experiences to offer customers guaranteed buyback value at checkout.
Amazon set to roll out palm payment processing across all US Whole Foods stores
The Amazon One technology allows users to complete transactions using just their hand.
Finalists announced for PayTech Awards USA 2023
We are thrilled to share with you the finalists for the first PayTech Awards USA!
Filipino fintech start-up Salmon lands $20m debt funding
Salmon says the investment marks the “largest ever” debt financing for a Series A tech company in the Philippines.
Apple rolls out Tap to Pay in the UK with Revolut and NatWest
Tap to Pay allows businesses to accept in-person, contactless payments on an iPhone, without need for hardware.
FIS confirms deal to sell majority stake in Worldpay to GTCR for $11.7bn
The transaction is expected to close by Q1 2024, subject to regulatory approvals and closing conditions.
