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PayTech

Cuscal picks BHMI’s Concourse to support upcoming NPP initiative

PayTo will look to enhance the current NPP payments system.

Airtel Africa’s mobile money business receives $200m from QIA

QIA gains a minority stake in African mobile payments firm.

Lithic

Card issuing platform Lithic secures $60m Series C funding

The raise follows hot on the heels of its $43 million Series B in May.

behalf

Behalf raises $100m in debt financing to expand BNPL offering for B2B firms

The company also secured $19 million in a venture funding round.

rapyd

Rapyd raises $300m in Series E funding round

The financing follows a $300 million Series D round earlier this year.

vnlife

Vietnamese fintech VNLIFE lands $250m Series B funding

The funds will be used to fuel its “continued digitisation of Vietnam’s service ecosystem”.

The future of paytech in APAC

Some of the emerging paytech trends that have gained momentum in APAC.

Klarna builds out retailer support with APPRL acquisition

The deal adds a platform for linking creators and retailers to Klarna’s retail ecosystem.

Square plans $29bn acquisition of Aussie BNPL firm Afterpay

The deal will become Australia’s largest ever acquisition.

Fiserv partnership with Goldman Sachs brings initial B2B payments offering

The two companies have forged a strategic relationship which will see additional combined solutions.

NewDay launches UK’s first cardless consumer credit offering

The credit provider plans a full launch of the paperless and plastic-less “Bip” later this year.

UK BNPL Payl8r raises £40m in debt financing from Conister Bank

Manchester-based fintech has plans for a £1 billion valuation by 2026.

Video: fintech news pick of the week – Solarisbank, Tesco Bank and Nium

Our top pick of news from the world of finance and tech in bitesize video format, twice a week.

ICYMI funding round-up: Cobee, Sila, Vincent, WhenThen, Clara & more

Another batch of funding rounds that might have flown under your radar.

Thunes

Singapore fintech Thunes acquires payments platform Limonetik

The firm will combine Limonetik’s PaaS model with its existing global payments network.

yoco

South African fintech Yoco looks to scale following $83m Series C round

The firm is now targeting expansion across Africa and the Middle East.

Nium

B2B payments platform Nium hits unicorn status with $200m Series D round

Nium has now raised a total of around $280 million in funding.

Swift launches low-value payments service Swift Go

Payments network aims to make things easier for small businesses.

Deko

Deko hires former Barclays tech chief as new CTO

Tom Myles joins as CTO along with Rob Fernandes as CPO.

Lloyds and Mastercard sign open banking payments partnership

The new platform, PayFrom Bank, utilises Mastercard’s Payment Gateway technology.

Paystone raises $23.8m for payments and engagement platform

Canadian company brings total raised in 2021 to $78.7 million.

paystand

Paystand lands $50m in Series C funding round

The blockchain-powered payments firm will use the new capital to grow the business.

Nigerian central bank plans October 2021 digital currency pilot

The central bank ordered the cessation of cryptocurrency exchange services in February.

Klarna acquires German payments fintech Stocard

Rumoured deal is valued at around €110 million.

Russian central bank asks exchanges to avoid cryptocurrency firms

Bank of Russia asks stock exchanges not to list crypto-adjacent companies.

spendesk

Spendesk lands €100m Series C funding round

The Paris-based firm plans to use the funds to double its staff and accelerate product development.

ICYMI funding round-up: Credit Fair, Plooto, Xclaim, Weavr & more

Another batch of funding rounds that might have flown under your radar.

Dwolla

Payments platform Dwolla secures $21m investment

Dwolla’s last venture funding round resulted in a $12 million raise in 2018.

OKCoin partners Worldpay to expand global merchant acquiring

Cryptocurrency exchange wanted “a proven and experienced partner”.

afterpay

Afterpay to launch lifestyle app Money on Westpac tech

BNPL firm aims to make Money a primary account for users.

Visa to acquire Currencycloud in deal valued at £700m

Payments giant seeks to strengthen its foreign exchange business.

Video: fintech news pick of the week – Paytm, M1 Finance and US open banking reform

Our top pick of news from the world of finance and tech in bitesize video format, twice a week.

Cardless raises $40m in Series B funding

Cardless has now raised $50 million in total funding.

Paytm

Indian payments firm Paytm files for IPO with $2.2bn target

The firm plans to use the funds to strengthen its payment network and explore new acquisitions.

Verizon and Mastercard forge partnership to bring 5G capabilities to payments

Internet of Things (IoT) sensor connectivity will be combined with near real-time edge computing.

discover

Discover targets BNPL offering with $30m Sezzle investment

The firm plans to launch a BNPL network solution on the Discover Global Network.

Reserve Bank of India blocks Mastercard from onboarding new domestic customers

RBI claims Mastercard Asia/Pacific has failed to comply with an earlier directive on data storage.

AI and machine learning spearheading rapid change in data reconciliations

The industry is moving towards Reconciliations-as-a-Service, says SmartStream’s Robin Hasson.

FortisPay appoints three new execs amid C-suite shake-up

The fintech firm has announced a new CEO, CFO and chief integration and information officer.

Apple reportedly in talks with Goldman Sachs to launch BNPL service

Goldman Sachs has been Apple’s partner for the Apple Card credit card since 2019.

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