Advent International snaps up UK paytech myPOS
The deal will be completed through Advent’s new payments company, AI Circle Bidco.
The deal will be completed through Advent’s new payments company, AI Circle Bidco.
Picus Capital, Coatue, Crane Venture Partners, Inkef, and a number of angel investors also participated in the round.
The paytech was valued at $350 million only seven months ago.
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Cash App had been pursuing a VASP licence in the country since 2021.
Bloomberg reports that an official announcement regarding the potential acquisition could arrive within a week.
The funding brings the total external investment in the firm to $116 million to date.
Jifiti says it can now provide clients with a broader range of payment products and pan-European solutions.
With Ripple, Georgia’s central bank aims to explore use cases and potential benefits of having a digital currency.
Amazon Business customers can now select Affirm at checkout to pay for eligible goods over time.
Archie Deskus has been named as CTO and Jamie Miller joins as CFO.
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Kuruvilla joins the company from CoreLogic, where he served as chief information officer.
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As regulatory sands shift, businesses should be confident moving towards open banking.
Mayenobe’s appointment follows the company’s $72 million Series C funding round.
Reserve board member and governor Michelle Bowman has opposed the revised cap.
Weichert joins TCH from Accenture, where she served as managing director, North America payments lead.
APPS’ CEO Abe Maghaguian and COO Sarah Gerald will join the Stax leadership team as part of the deal.
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With the licence, Elavon intends to offer authorisation, settlement, card machines, and banking services in the UK.
Brookfield says Kalifa’s appointment allows it to “increase our footprint” in the payments arena.
McCarthy joined Thredd in January this year as executive vice president – global head of product and sales.
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TodayPay’s solution aims to help merchants provide “instant” refunds to their customers.
Verizon has revealed it will pilot the solution with its US customers “in the coming months”.
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Airwallex says the deal is an important part of its broader growth strategy in the Americas.
The South Carolina-based bank is to integrate Allied’s RTP solutions into its Q2 digital banking platform.
NMI provides payment gateway and processing solutions to businesses looking to diversify their payment methods.
Skytef has been distributing Fiserv’s electronic funds transfer solution SiTef since 2002.
The biometrics have been developed by the FIDO Alliance and the World Wide Web Consortium.
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Existing investors Insight Partners, SignalFire, Bloomberg Beta and NextWorld Capital also participated in the round.
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With the Care Card, patients can access PayZen’s post-service payment plans through a physical and virtual debit card.
The partnership seeks to solve the “intricate payment challenges” at play within the current gaming ecosystem.
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