Remittances

Singapore-based LALA World has reportedly closed a $2m Series A funding round, from an undisclosed group of investors.

Paysend, an international remittance platform has reportedly raised £8.5m in its Series B round, which was made up of venture firms and crowdfunders.

Hubpay, a digital wallet platform for the Middle East market, has closed its seed funding round on an undisclosed amount.

Gig Wage, which supports instant contractor payments, has reportedly added an additional $2.5m to its Series A, bringing the round’s total to $10m.

Canadian FinTech and certified credit card issuer Brim Financial secured $25m in a Series B round co-led by Desjardins Group and EPIC Ventures.

Healthcare financial technology startup that spun off of Ally Commerce Inc. Green Feather raised a $1.5m seed round.

A survey by Merchant Advice Service has found over £1bn is lost every year by online retailers due to a lack of available payment methods.

Founded in 2012, Currencycloud has been in the cross-border payments space for almost a decade now. Since its launch, the company has expanded beyond its native UK market and following its recent acquisition by Visa, is looking far beyond its shores to complete its mission of making the movement of money easier.

Global payments infrastructure company TerraPay has teamed up with financial super app Beyon Money to help remitters in Bahrain.

LemFi, a UK-headquartered international payments company, and Visa Cross-Border Solutions, a division of Visa specialising in cross-border money movement, have recently inked a deal aimed at expanding LemFi's global footprint.