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.

SumUp partners with Mastercard for new business card

Point of sale developer SumUp will launch a new card for business payments in partnership with Mastercard.

18 FinTech funding rounds you missed last week

Despite coronavirus fears, the last week saw a number of FinTech companies raise money.

Hubpay closes seed round as it edges closer to Money Services License in UAE

Hubpay, a digital wallet platform for the Middle East market, has closed its seed funding round on an undisclosed amount.

Fundbox closes Series C extension to bring the round near $200m

B2B payment and credit network Fundbox has closed an investment from MUFG Innovation Partners, less than a year after closing $326m in debt and equity.

Demand for secure payments drive the global smart card market to be worth $75bn...

New research suggests that the value of the global smart card market could grow to reach $75bn by 2026.

Bud launches open banking API

UK-based FinTech Bud has launched an open banking and PSD2-compliant solution to provide an alternative to card payments and bank transfers.

Barclaycard inks partnership with FreedomPay

Payment company Barclaycard is looking to provide a seamless end-to-end payment experience to its customers through its new partnership with FreedomPay.

Spilit is looking to raise $100 to fuel global expansion plans

Buy now, pay later company Splitit is reportedly looking to top up its finances with a new round after Covid-19 changed consumers spending habits.

Afterpay to enter southern European e-commerce market via Pagantis acquisition

Buy now, pay later company Afterpay will enter Europe through an an agreement with NBQ Corporate SLU to acquire Pagantis SAU and PMT Technology SLU.

News Stories

POS lending solution Affirm closes $500m Series G

Affirm, a buy now and pay later solution, has closed its Series G round on $500m.
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Solving the challenge of creating a customer-centric business model – Kidbrooke demo

A recent survey from PWC found that 61% of bankers believe customer-centric business models are very important, and yet only 17% of them are “very prepared” for it. Kidbrooke has released a new demo highlighting the problem in the market.

Over 60% of InsurTechs and insurers are keen to work with BigTech companies

Over 60% of InsurTechs and insurers are looking to collaborate with BigTechs, as they look to keep up with changing customer demands, a new report claims.

Good services is more important to policyholders than pricing

New research claims the key to driving long-term relationships in home insurance is less about pricing and more about great services and reputation.

TCARE closes $3m in round led by SixThirty Ventures

TCARE, which claims to be the only evidence-based, CMS 1115 approved and accredited family caregiver support platform, has netted $3m in funding.

Join the exclusive webinar with McKinsey and Akur8 to find out more 

How to capture value from pricing analytics in P&C insurance post COVID-19?

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