Payments & Remittances

Payments & Remittances

Azimo integrates with Facebook Messenger

International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.

Square loses general counsel Dana Wagner

Square’s general counsel Dana Wagner is stepping down from his role at the end of September after five years at the payments firm.

Tipalti lands $14m for mass B2B payments

Automated B2B payments provider Tipalti has raised $14m in a new round of funding led by SGVC.

CurrencyFair picks up €8m for P2P currency exchange

Peer-to-peer currency exchange marketplace CurrencyFair has closed €8m in a new round of funding. The capital comes from existing backers Octopus Ventures and Frontline Ventures.

BitPesa nabs $2.5m for pan-African digital payments

Pan-African digital currency payments startup BitPesa has secured $2.5m in a Series A round to expand across the UK, Europe and West and Southern Africa.

Softbank looks to sell Snapdeal’s FreeCharge for less than 50%

Japanese web giant and investor SoftBank is reportedly in talks to sell Snapdeal-owned mobile wallet FreeCharge for as little as $150m to $200m.

Boost Payment Solutions completes funding round from Mosaik Partners

New York-based Boost Payment Solutions has completed a funding round from Mosaik Partners.

Bread secures $126m equity and debt financing

New York-based Online payment solutions provider Bread has secured $126m of equity and debt financing.

Red Dot Payment closes its Series B on $5.2m

Singapore-based Red Dot Payment has closed its Series B funding round picking up around $5.2m, which the company will use to improve its infrastructure.

IBM uses blockchain to improve cross-border payments and teams up with Dream Payments

IBM has announced a new blockchain banking solution to help financial institutions address the processes of universal cross-border payments.

News Stories

Accounts automation firm Stampli lands $50m to ease business payments

Accounts payable (AP) automation company Stampli landed $50m in a Series C funding round led by Insight Partners, bringing its total funding to more than $87m.

Jamf to bring zero trust to Apple following Wandera purchase

US enterprise management software company Jamf is set to acquire zero-trust cloud security firm Wandera for $400m in cash.

Bill Gates, Jeff Bezos and Mark Zuckerberg-backed VC fund joins seed round for Brazilian...

FinTech offering LatAm businesses access to growth capital Divibank closed a $3.6m round of seed funding led by San Francisco-based Better Tomorrow Ventures and Village Global which includes Bill Gates, Jeff Bezos and Mark Zuckerberg as investors.

Google Pay enables users to send money across borders

US-based Google Pay users can now remit money to GPay users in the Indian subcontinent via the Google Pay app as the company forays into international payments.

SwissBorg teams with OpenPayd to bolster financial service suite

Cryptocurrency platform SwissBorg has partnered with payments company OpenPayd to help the former embed a full suite of financial services into its user experience.

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