Remittances

Papaya to acquire Azimo to boost its payroll capabilities

Papaya Global, the global people management platform for the remote working era, has agreed to acquire Azimo, global digital cross-border payments service.
Majority

Majority bags $37.5m to expand banking offering to US migrants

Majority, a mobile bank for migrants, has scored $37.5m in a Series B funding round headed by Valar Ventures.

Zeepay Ghana gets electronic money licence

Zeepay Ghana, an online remittance service, has reportedly received an electronic money issuer (EMI) licence from Bank of Ghana.
ila Bank joins BUNA for multi-currency transfers

ila Bank joins BUNA for multi-currency transfers

ila Bank, a trailblazer in Bahrain's digital banking sector and a subsidiary of Bank ABC, has recently announced its collaboration with BUNA, the Arab Monetary Fund's innovative cross-border and multi-currency payment system.

The 38 FinTech funding rounds raised last week highlight the success of payments companies...

While the payments industry has reason to celebrate, last week also proved a boon for 38 FinTech companies closing investment rounds. The FinTech industry returned...

Flywire rakes in funding and acquires healthcare business

Cross-border payments company Flywire has bagged $120m in its Series E as it looks to move into more verticals including education, healthcare and travel.

Boku eyes simplified mobile payments market with new network launch

Carrier billing business Boku has unveiled a mobile payments network that it claims will reach 5.7bn payment accounts in 90 countries.
fintech-news

Blackhawk Network to be acquired by pair of PE firms in $3.5bn deal

Blackhawk Network Holdings is set to be acquired by Silver Lake and P2 Capital Partners in a deal worth $3.5bn.

Currencycloud teams with Velanis for remittance app for Swiss-based Kosovar population

Currencycloud, which builds international payment solutions and infrastructure, has teamed up with Switzerland-based Velanis AG to support the launch of Swinto.

TerraPay expands in Europe with Pay2Global acquisition

Mobile international payments network TerraPay is acquiring Pay2Global in a deal that will allow it to expand around European markets. The size of the deal is undisclosed.

News Stories

FinTech

FinTech investment sees uptick following two sluggish weeks

There was a climb in investment in the FinTech sector this week, with FinTech Global reporting on a total of $399m being raised across...
compliance

Will 2024 be the year of compliance technology?

As technologically-driven solutions continue to firmly pierce the financial industry and how it runs, the need for firms to maintain compliance amongst a deluge...
ZeroEyes joins Lloyd's Lab for pioneering InsurTech against gun violence

ZeroEyes joins Lloyd’s Lab for pioneering InsurTech against gun violence

In an unprecedented move, ZeroEyes, known for its pioneering AI gun detection technology, has been welcomed into the coveted Lloyd's Lab Accelerator program, marking a significant stride in InsurTech innovation.
Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.
Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint venture

Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint...

Bishop Street Underwriters, a notable entity within the RedBird Capital Partners' portfolio, has formally announced a groundbreaking joint venture with Topsail Reinsurance SPC, Ltd....

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