Payments infrastructure firm Xendit secures $150m funding round
Company plans to expand beyond its Indonesian and Philippines strongholds.
PayTech
CBI turns to Nexi and SIA for Italian payments architecture project
Cloud-based solution to expand digital transaction banking services.
PayTech Awards 2021 Winner: Volante – Best Real-Time Payments Solution
Delivering a clear roadmap to a real-time payments infrastructure.
Payroll platform Papaya Global hits $3.7bn valuation with $250m Series D round
Papaya has now raised $440 million in total capital since its seed round in 2016.
JP Morgan to acquire majority stake in Volkswagen’s payments business
US banking giant says the deal will expand its digital payment capabilities.
FortisPay boosts commerce offering with OmniFund acquisition
The acquisition follows deals for EpicPay and Change Merchant Systems in June.
Scalapay raises $155m in Series A round to fund BNPL expansion
European payments firm seeks greater foothold in core markets.
i-movo teams up with ClearBank and DWP to digitise UK’s benefits payments system
Claimants can now receive their payments in a number of different ways.
Curve CTO to leave the fintech after four years
Matt Collinge is headed to unknown pastures new.
Mastercard acquires blockchain security start-up CipherTrace
Payments giant aims to integrate CipherTrace’s crypto security and fraud detection capabilities.
Fintech funding deals globally 6 September – 12 September 2021
Featuring Varo, Scalapay, Wave, MNT Halan and Marshmallow.
African fintech Wave hits unicorn status with $200m Series A round
The fintech start-up says it wants to “bring digital finance to everyone in Africa”.
Global Payments to acquire MineralTree in $500m deal
The acquisition will expand Global Payments’ B2B offering.
PayTech Awards 2021 Winner: Icon Solutions – PayTech For Good
Icon Solutions – charitable giving at the heart of its values.
ICYMI funding round-up: TruePay, BankiFi, Aurelia, Jeff & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
PayPal increases transaction fees between UK and Europe
A new 1.29% charge will come into force before the end of the year.
PayPal acquires Japanese BNPL unicorn Paidy in $2.7bn deal
PayPal sees the deal as a way to accelerate business in Japan.
Fintech ecosystem MNT-Halan lands $120m funding
The Egyptian digital platform connects merchants and users who are typically excluded from financial institutions.
Visa partners Indian paytech to push offline payments
Innoviti says it is committed to building a cashless India, driving financial inclusion across the country.
PayTech Awards 2021 Winner: AccessPay – PayTech Team Of The Year
Satisfying the need for speed.
Yolt shuts down app to focus on open banking technology services
The Yolt app has more than 1.6 million downloads.
Hamburg Commercial Bank goes live on Broadridge payments system
German lender aims to revamp its processing capabilities.
Expense management platform Jeeves secures $57m Series B funding
The new investment takes the start-up’s valuation up to $500 million.
Investcorp tech fund snaps up e-wallet firm MIR
The acquisition marks the eighth investment from the private equity firm’s Investcorp Technology Fund IV.
Report: “Fintech vs Fintech”? The rise of digitalisation in banking
FinTech Futures launches its latest report looking into the changing nature of digital technologies in our industry.
Major Indian banks launch Account Aggregator project
New programme aims to extend financial services to millions of new customers.
Point raises $46.5 million to build out premium debit card
US challenger aims to create an anti-credit card.
CBDCs are now a reality: digital payments security needs to catch up
The potential benefits of CBDCs will only be realised if consumers trust the technology.
Dock: meet in person on 24 November 2021 in London
Get ready for face-to-face interaction! Free VIP passes for banks & financial institutions.
What the Fintech? | S.2 Episode 17 | ISO fast, ISO furious
VTB Bank’s Elena Barabanova joins us on this episode of the What the Fintech? podcast.
CIBC acquires Costco’s Canadian credit card portfolio
CIBC will also become the exclusive issuer of Costco Mastercards in Canada.
Swift appoints JP Morgan exec as new chief for Americas and UK
John Hunter will develop strategic customer relationships in both markets.
PayTech Awards 2021 Winner: VTB Bank – Best Green Initiative
Settlement Centre at VTB Bank: green, efficient and innovative.
IKEA parent company Ingka Group invests $22.5m in BNPL fintech Jifiti
The minority stake investment will expand IKEA’s financing offering in-store and online.
DWG expands into Singapore with remittance app acquisition
Fintech says Singapore will act as a springboard for expansion into North America and Europe.
Spend management platform PayEm lands $27m in funding
The Israeli fintech says it meets the accounting needs of decentralised and fragmented global enterprise.
PayPal plans launch of retail trading division
Invest at PayPal planned as new operation by payments giant.
Divido CEO steps back after seven years at the helm
Christer Holloman departs to take up advisor role.
Brazil’s Banco Inter agrees deal to acquire US fintech USEND
The digital banking firm is looking to expand into North America.
PayTech Awards 2021 Winner: Maria Nottingham, Compass Plus – Woman In PayTech
Overcoming the complexities of building a successful, modern-day payments processing business.
