Global PayTech TransferMate reaches $1bn valuation

B2B payments infrastructure-as-a-service TransferMate has reached a $1bn valuation after closing a $70m funding round.

Carrot to support Naver with e-commerce returns insurance

Carrot, a digital insurance platform, has partnered with e-commerce shopping platform Naver for shipment return insurance.

Sokin deepens Mastercard partnership with Middle East and Africa jump

PayTech Sokin has signed a partnership agreement with Mastercard to support the roll-out of its fixed-price payment services across the Middle East and Africa.

PayTechs shine in last week’s FinTech funding rounds

FinTech Global reported on 38 FinTech funding rounds this week, with companies from across the broad spectrum raking in eye watering amounts to help aid their growth.

Southeast Asia payment giant Xendit bags Series D

Southeast Asia-focused payments infrastructure platform Xendit has closed its Series D funding round on $300m.

Gaming sector to drive 37% growth to carrier billing spend

The value of end-user spend on digital goods via carrier billing is expected to exceed $74bn by 2026, a significant increase from $54bn in 2022, according to a report from Juniper Research.

What are Meta’s payment plans?

Meta is to rebrand Facebook Pay as Meta Pay in a bid to bring it closer to the Meta brand alongside enhancing the payment experience.

Goldman Sachs backs credit FinTech Deserve

Deserve, a FinTech aiming to expand the real-time credit card economy, has raised a $250m credit facility with Goldman Sachs, Cross River and Waterfall Asset Management.

Africa-focused digitised payment dev Interswitch bags $110m

Interswitch, which is pioneering the shift to digitised payments, has scored $110m in funding.

LatAm-focused PayTech Dock hits $1.5bn valuation

LatAm-focused full-stack payments and digital payment platform Dock has reached a $1.5bn valuation after the close of a $110m growth round.

News Stories

Wombat, Currencycloud team to unveil instant investment account

Wombat Invest, a micro-investment platform, has partnered with Currencycloud to launch its new instant investment solution to aid instant investors in the UK and US markets.

Majority of financial services companies plan to hire ESG specialist

A recent study has found 77% of respondents plan to hire an ESG specialist as they prepare for the UK’s new rules on sustainable investments to come into effect.

FCA to bolster consumer protection with new regulatory permission rule

The Financial Conduct Authority (FCA) is set to use new powers to be able to swiftly cancel or change what regulated activities companies are permitted to do.

Hong Kong-based ESG data startup Allinfra scores $6m

Hong Kong-based Allinfra, which is helping institutions meets sustainability goals, has scored $6m in funding.

Clear Street hits $1.7bn valuation after first VC funding round

Clear Street, which claims to be building better access to capital markets, has scored a $165m Series B to accelerate the launch of its platform.

Essential training, knowledge and forward-thinking 

in RegTech

Enroll today and get 20% OFF the Professional RegTech Certificate

120,000+ FinTech leaders get exclusive industry stories delivered every week