Paystone raises CAD 69m with support from Canada business fund
The funding is a combination of equity and debt financing.
PayTech
Mastercard plans to raise fees for UK purchases from EU
“This smacks of opportunism,” says Kevin Hollinrake, chair of Fair Business Banking.
UK fintech TrueLayer launches its payments API to rival cards
PayDirect claims just a 3.5% payment failure rate.
Crypto liquidity firm Wintermute raises $20m in Series B round
Firm plans to expand into derivatives and new markets in Asia.
Asia-Pacific fintechs Volopay and Microleap land funding
Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.
US-based paytech Modern Treasury raises $38m in Series B
In 2020, Modern Treasury customers reconciled $1 billion using its platform.
Rapyd raises $300m in Series D, plans more acquisitions
It will double the engineering and product teams and expand the “self-service” element of the platform.
FinTech Futures Jobs: five awesome fintech companies founded by women
Featuring Aya Payments, Modularbank, First Boulevard, GoHenry, and Alinea Invest.
Fintech funding deals globally 18-24 January 2021
Featuring PPRO, iSTOX, Indy, Mercado Bitcoin, and Brigit.
Zip boosts Aussie exchange to 11-month high with $56m share purchase
The BNPL firm raised $26m in oversubscriptions, at $5.29 a share.
DNA Payments Group acquires Active Merchant Services
The deal brings DNA’s customer base up to around 30,000 merchants.
Ten trends set to influence the payments industry
The financial services and payments sectors have a bright future, should these trends continue to develop.
TikTok’s Chinese version Douyin adds payments app
Douyin Pay (Douyin Zhifu) has been added to the app’s options.
Corporate credit card start-up Moss raises €21 million in Series A
Moss wants to change the way companies track expenses.
PPRO reaches $1bn valuation on back of $180m venture raise
Payments infrastructure firm plans “global expansion” with new cash.
Retailer Uniqlo cuts out middlemen with own payments integration
Uniqlo Pay has partnered with Sumitomo Mitsui Banking Corp.
SME credit fintech Dinie lands dLocal deal one year into Brazil play
Dinie was founded in the UK, made in Germany, and designed for Brazil.
SWBC picks Finicity Pay to meet new ACH requirements
Account verification needs a boost under new Nacha rules.
NAB signs SME payments deal with Eedenbull
Eedenbull is providing a handful of systems to the major Aussie bank.
Goldman picks Marqeta to power Marcus current account rollout
Marcus plans to launch its new accounts later this year.
Fintech funding deals globally 11-17 January 2021
Featuring Checkout.com, MX, Blend, Creditas, and Enfusion.
Pakistan launches new instant payment system Raast
Government hopes Raast can host a collection of payment types.
Dubai-based Bankiom promises “new way” to manage money
Banking app promises fast account setup and loan processing.
Philippines’ mobile wallet GCash closes on $1bn valuation with new funding
Mynt-operated firm raises $175m from US investor.
Shariah P2P fintech Alami raises $20m in debt financing
Alami hopes to distribute trillions to SMEs and micro businesses.
UK payments acquirer Unlimint powers on with “aggressive” LatAm expansion
In November, the fintech rebranded to Unlimint from ‘Cardpay’ as part of its expansion plans.
Stripe cuts off Trump campaign for inciting violence
Payments processor strips Trump for encouraging violence.
Fintech funding deals globally 4-10 January 2021
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
UK Treasury calls for input on planned regulation of cryptoassets and stablecoins
UK’s finance ministry says “the landscape has changed” in a short time.
Nets acquires Checkout Finland through Paytrail subsidiary
Nets happy to continue a wave of consolidation across European payments.
AvidXchange acquires TimberScan provider Core Associates
Firm now claims to be largest account payable firm in the construction sector.
Fintech funding deals globally 28 Dec 2020-3 Jan 2021
Featuring Mission Lane, Narmi, Finja, CarPay, and ZipLoan.
China’s central bank issues Ant Group ultimatum after blocked IPO
The Peoples’ Bank of China wants Ant to overhaul its business or face the consequences.
Calls for UK Treasury to up contactless limit from £45 to £100
The UK no longer needs to follow the EU’s €50, or £45, contactless limit.
Jamaican central bank plans electronic payments regulation revamp
Jamaicans sent $4 billion in electronic payments in 2019.
QR Codes: will COVID-19 be the great global equaliser?
Across China QR codes are already ubiquitous, and the pandemic only accelerated user adoption.
TransferWise preps for 2021 IPO
The firm has asked investment banks to pitch in the new year for roles on an impending IPO.
2020 review: Top five cyberattacks this year
Cybercriminals haven’t stopped their activities in 2020.
UK fintech GoCardless raises $95m funding
The Series F round was led by Bain Capital Ventures and brings the total raised to-date to $240m.
IBM buys Canadian fintech Expertus to bolster payments offerings
The acquisition strengthens its portfolio as an end-to-end digital payments solution provider.
