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.

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.

TransferMate collects €30m from Allied Irish Banks

TransferMate, a b2b payments company, has landed a €30m investment from Allied Irish Banks.

News Stories

Microsoft underlines heightened concern from call centre ransomware scheme

Microsoft has claimed a ransomware campaign employing bogus call centers to trick victims into downloading malware may be more dangerous than previously thought.

Crypto banking platform Matrixport hits unicorn status

Matrixport, which claims to be one of Asia’s fastest growing digital asset platforms, has joined the unicorn club, after it closed a Series C round.

Flood insurance firm reThought Insurance bags Series A funding

reThought Insurance, a digital MGA aimed at the flood insurance market, has closed its Series A round on $15.5m.

India unveils new digital currency, Nigeria eyes e-currency launch in October 2021

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Amazon slapped with record $887m fine for data privacy breach by EU agency

Amazon has been issued with a fine of $887m by a European privacy watchdog for breaching the bloc’s data protection laws.

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