HyperPay closes funding to support growth across Egypt and GCC

HyperPay, a Saudi Arabia-based payment service provider, has closed an eight-digit funding round.

PayPal becomes first foreign payments platform in China after latest acquisition

Payments giant PayPal has acquired a 70% stake in China-based payment gateway GoPay.

Klarna is growing its UK foothold by extending its partnership with ASOS

Swedish FinTech unicorn Klarna is cementing its hold of the UK market even more with new partnership.

Nuvei ups its valuation to $2bn after new funding round

Payments company Nuvei has scored $270m in a common equity financing round, raising its valuation to $2bn.

Carsome is gearing up for an Asian expansion drive after its new $50m investment

Carsome, the Malaysian car marketplace, has bagged $50m in a new Series C investment round to strengthen its grip of the Southeast Asian market.

Why Klarna is picking a fight with the Swedish government

The Swedish government has proposed new e-commerce regulations and Klarna is not happy about them.

FlexPay has bagged $6m in a new investment round led by Impression Ventures

Canadian FinTech company FlexPay has raised $6m in a new funding round led by Impression Ventures, the venture capital firm.

African DPO Group saw a 35% jump in Black Friday online payments

FinTech in Africa is on the rise. The latest sign is DPO Group noticing a 35% spike in digital transactions during Black Friday in South Africa.

Adyen’s CEO was surprised at how effective AI was to prevent fraud

Global payments unicorn Adyen is looking into how artificial intelligence can boost its payments offering, highlighting how the tech can boost the industry as a whole.

Why has Rapyd raised another $20m on the back of its $100m Series C...

London-based Rapyd, the FinTech unicorn, has bagged $20m in a new investment round less than two months after a massive Series C round.

News Stories

P&N Bank reveals what data was leaked in recent breach

P&N Bank has revealed passwords and credit card details were not exposed during its recent data breach.

Equifax reportedly to pay $1.38bn for 2017 data breach

Credit score company Equifax is reportedly set to pay $1.38bn as a settlement to its major data breach back in 2017.

Travelex has recovered some of its systems after being crippled by a ransomware attack...

Foreign exchange company Travelex has started to recover some of the services it was forced to close down due to a virus discovered on New Year’s Eve.

Hackers the leading cybersecurity concern for business leaders

A new report from digital service and consulting firm Infosys has unveiled the biggest cybersecurity concerns for companies.

Revolut eyeing funding round which would bring its valuation to $5bn

UK challenger bank Revolut is reportedly eying a new funding round which would value the business at $5bn (£3.85bn).