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

How the coronavirus has affected the RegTech industry

The coronavirus has forced the global economy to grind into a halt. While the RegTech industry is not left unscathed, there are opportunities for those that look.

Neobank HM Bradley has officially launched

The US-based digital bank HMBradley has officially launched its services for the thousands of would-be users on its waitlist.

The FCA reminds banks that not all their employees need to be at the...

The Financial Conduct Authority (FCA) has told banks, building societies and credit unions that they need to carefully consider which of their workers should be able to work remotely in order to deal with COVID-19 appropriately.

Monzo’s founder won’t take out any salary for 12 months to help the company...

UK challenger bank Monzo has taken additional steps to protect the business against the pandemic-induced financial downturn. And it's not alone.

FinTechs could see rise in customers following the coronavirus pandemic

While FinTechs might be fearing the impact of the coronavirus on their business, it might actually be a beneficial thing for them, a study from financial advisory firm deVere Group claims.