PayFit launches new tools to enable businesses to calculate furlough and sick pay amidst...

HR and payroll management startup PayFit has updated software to accommodate initiatives introduced as part of the UK government’s Coronavirus Job Retention Scheme.

Payroll solution Everee scores $10m in its Series A

Payroll company Everee has scored $10m in its Series A round which will help it to expand the size of its team.

Fenbeitong raises $36m in new Series B round

Expense management startup Fenbeitong has raised $36m in a new Series B round backed by CreditEase Fintech Investment Fund (CEFIF), Eight Roads, Glade Brook Capital, Ribbit Capital, IDG Capital and China Growth Capital.

Salary Finance acquires Neyber to establish UK’s largest employee financial wellbeing platform

Global workplace finance platform Salary Finance has acquired Neyber, the FinTech aimed at improving employees financial wellbeing.

Khazna closes seed funding round led by Algebra Ventures

Egyptian FinTech Khazna has announced that it has raised seed money in a new round led by venture capital firm Algebra Ventures.

PayFit unveils a new receipt capture feature

French FinTech PayFit has been busy since raising €70m in 2019, which is evident by its latest release.

OnPay closes first external capital investment

Payroll startup OnPay has bagged $6m in its Series A round, which marks its first batch of external financing.

Bill.com eyes $100m IPO, just months after funding round

Business payments software company Bill.com is eyeing a $100m initial public offering (IPO), just months after it closed an $88m funding round.

Elavon acquires Sage Pay in £232m deal

Elavon, the global merchant acquirer and subsidiary of U.S. Bancorp, has agreed to acquire Sage Pay for £232m.

Payroll company Papaya Global nets $45m in funding

Papaya Global, a global payroll and payment management platform, has netted $45m in a funding round led by Insight Partners.

News Stories

Global managed security service market to be worth $46.42m by 2025

Regulations and growing number of hack attacks will drive the growth to of the cybersecurity market considerably in the next five years, according to a new report.

Stellar Development Foundation injects $550,000 into SatoshiPay despite COVID-19 restrictions

SatoshiPay is set to keep developing its B"B solution after the the Stellar Development Foundation made a strategic investment of $550,000 by way of convertible loan notes into the company.

Tugboat Logic closes $8m funding round after strong year of growth

Tugboat Logic, a security assurance platform, has closed a funding round on $8m, after witnessing a strong year of growth, it claims.

Nimbla and Wiserfunding sign partnership to protect UK SMEs from insolvency

With over 500,000 UK SMEs facing significant financial distress because of COVID-19, the partnership between invoice insurance provider Nimbla and credit risk assessment platform Wiserfunding could provide some peace of mind.

Eos Venture Partners closes new fund to capitalise on opportunities arising from the coronavirus

InsurTech-focused investment firm Eos Venture Partners has closed its latest vehicle to seek opportunities in the digitalisation of insurance caused by the coronavirus.