Payments & Remittances

Payments & Remittances

IBM Reportedly planning acquisition of point-of-sale business Revel

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.

Tilt takes on Venmo with peer-to-peer payments

Tilt, a group crowdfunding app, is expanding into peer-to-peer payments to meet user demand.

TransferWise enters Asian market with Japanese launch

London-based remittances startup TransferWise is entering the Asian market and launching in Japan. It follows news that the company saw its revenues triple last year but increased it losses.

AvidXchange swipes $3.5m for automated payments

Payments automation service AvidXchange has raised $3.5m in a new round of equity funding according to an SEC filing. The financing comes from two investors that remain unnamed.

Turkish payments service provider iyzico nabs $13m

Turkish online payments processor iyzico has raised $13m in a Series C round led by Vostok Emerging Finance. Existing backers IFC and local investor 212 also participated.

Uber-rival Grab snatches Kudo to power up payments

South-East Asian Uber-rival Grab is boosting its payments powers with the acquisition of e-commerce and payments service Kudo.

AvidExchange pulls in $100m Canadian pension CDPQ

Payment and invoice processor AvidXchange has picked up a $100m growth equity investment from Canadian pension major, Caisse de dépôt et placement du Québec.

Ingenico acquires fellow payment solutions Bambora

Payment solutions provider Ingenico Group has acquired fellow payments service Bambora from Nordic Capital, in a deal worth around €1.5bn.

Tesco set to re-launch digital wallet app PayQwiq to Tesco Pay+

Tesco is to re-launch its digital wallet app, PayQwiq, to Tesco Pay+ two years after originally launching it. The app is said to enable customers... collects $100m for digital business payments revolution, a Palo Alto, California-based business payments network, has raised an additional $100m to expand its distribution into banks and accounting firms.

News Stories

Cyber insurance startup At-Bay collects $34m in its Series B

Cyber insurance platform At-Bay has collected $34m in its Series B round which was led by Acrew Capital and Munich Re Ventures.

ZeroFOX secures $74m in funding as it eyes global expansion

Cybersecurity company ZeroFOX has closed its latest funding round on $74m, as it looks to accelerate its global expansion.

Will the US remain the RegTech top dog as new hotbeds are on the...

Federal deregulation and increased international competition are all factors that could push US RegTech down from the throne. Or are they?

Snyk releases new global partner program

Snyk, a developer-first security company, has released its global channel program for security partners to foster collaborations in the market.

NICE Actimize forms two new partnerships

NICE Actimize, an autonomous financial crime management platform, has formed two new partnerships to improve its anti-money laundering and data intelligence capabilities.