E-commerce

EML Payments to acquire 100% of Prepaid Financial Services Ireland

EML Payments has wholly acquired Prepaid Financial Services Ireland (PFS) for an upfront enterprise value of £226m.

Revolut expands market footprint with move into the travel sector

UK FinTech firm Revolut has widened its market presence after it rolled out a booking service for the travel industry.

APEXX Global adds four new global brands to BNPL service

Payment platform APEXX Global has revealed that four new buy now, pay later (BNPL) firms have joined its BNPL Connect aggregator.

BNPL firm Sunbit secures unicorn status following $130m Series D

California-headquartered buy now, pay later (BNPL) company Sunbit has achieved unicorn status after a $130m Series D brought its value up to $1.1bn.

Scalefast bags $8m Series A led by Benhamou

E-commerce technology developer Scalefast has bagged $8m in its Series A led by Benhamou Global Ventures.

Volt unveils new end-to-end cash management service

London-based payments company Volt has introduced Volt Connect – a new cash management service aimed at making the open banking payment process more transparent.

Virgin Money teams with UK FinTech firm to bolster lending offering

Virgin Money has partnered with FinTech company Trade Ledger to deliver a quicker, more user-friendly experience for business customers applying for lending.
Hotel payment software startup Selfbook nets funds

Hotel payment software startup Selfbook nets funds

Selfbook is a hotel payment software platform that offers direct bookings and payments, and has received a strategic investment from Amex Ventures.

Tilled secures $11m Series A to boost software payment monetisation

US PayFac-as-a-service company Tilled has raised $11m from a Series A round to help software companies monetise payments coming through their platforms.
standard-chartered-teams-up-with-tazapay-for-cross-border-e-commerce

Standard Chartered teams up with Tazapay for cross border e-commerce

Standard Chartered has partnered with global payments platform Tazapay to deliver “seamless payments” for cross border e-commerce.

News Stories

UK

Liz Oakes, Carolyn Wilkins appointed to key roles on UK Financial Policy Committee

The Financial Policy Committee (FPC), pivotal in shaping UK financial policies, has welcomed Liz Oakes as a new external member and confirmed Carolyn Wilkins...
Arch Insurance International, a leading insurance company, has announced the appointment of Kirsten Valder as Deputy CEO, effective immediately.

Arch Insurance names new deputy CEO

Arch Insurance International, a leading insurance company, has announced the appointment of Kirsten Valder as Deputy CEO, effective immediately.
IBM

IBM acquires HashiCorp in a $6.4bn deal to enhance hybrid cloud capabilities

IBM has acquired HashiCorp a multi-cloud infrastructure automation firm, at a deal valued at approximately $6.4bn, with IBM offering $35 per share.
Paystand, the global leader in blockchain-enabled B2B payments, has acquired Teampay, an industry-leading spend management software.

Paystand acquires Teampay to redefine B2B payments

Paystand, the global leader in blockchain-enabled B2B payments, has acquired Teampay, an industry-leading spend management software.
KYC

Unlocking front office potential: The shift from manual KYC to automated processes

The role of front office staff is crucial in driving revenue, yet the burden of KYC onboarding can significantly impede their productivity. Transitioning from...

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