Ex-footballer Rio Ferdinand has bought a stake in PayTech company Sokin as the startup eyes launch later this year.
Payments infrastructure company helping vertical SaaS companies, Finix has surpassed $100m in total funding.
A City watchdog has publicly censured collapsed payments company Premier FX for failing to safeguard its customers’ money and for misuse of its payment accounts under the Payments Services Regulations.
FinTech startup Razorpay is reportedly in talks with existing investor Singapore investment fund GIC to raise circa $150m to $200m in a new financing round.
Credit card company Petal has received a $126m debt facility to help it extend the reach if its services.
TreeCard has raised $5.12m to continue the development of its wooden Mastercard payment card and its tree-planting scheme.
Brazil-based mobile payments company RecargaPay has raised $70m with the aim to further develop its payment platform.
Real-time global payments system Bottlepay has raised £11m in its seed round to continue its aggressive hiring streak.
Remittance firm MoneyGram suspends trading on Ripple’s payment platform, RippleNet, citing the ongoing $1.3bn lawsuit filed by the U.S. Securities and Exchange Commission (SEC).
Manchester-based GoodBox, which provides charities with contactless payment tools, closed a £9m funding round from existing backers including tennis champion Andy Murray.