Another Bulgarian payments startup closes funding this week

Bulgaria-based payments company Paynetics has closed a new €2.5m investment round.

Paddle secures $68m in its Series C round to support growth efforts

Paddle, a B2B SaaS platform, has closed its Series C round on $68m to continue its growth momentum.

Papaya Global snares $250m in Insight Partners-led Series D

Workforce management platform Papaya Global has raised $250m from a Series D funding round led by Insight Partners and Tiger Global.

TransferWise gains direct access to the UK’s Faster Payments Service

London-based remittance startup TransferWise is gaining access to the UK’s Fast Payments Service (FPS), through a technical partnership with Raphaels Bank.

heidelpay acquires its second payment service provider

AnaCap-backed heidelpay Investments has acquired Austrian online payment solution company Mpay24.

Two-thirds of European firms feel let down by banking provider during pandemic

A survey by Parliament Street Think Tank has found up to 66% of SMEs feel they have been let down by their banking provider during the Covid-19 crisis.

Venmo announces new credit card through Synchrony partnership

Hot on the heels of its announcement about a new transfer service, Venmo has unveiled its first-ever credit card.

Currencycloud, FxPro partner to launch new e-money business

Cross-border payments firm Currencycloud has partnered with global broker FxPro to offer a new e-money service called BnkPro.

HealthiPASS closes $7.2m funding led by FCA Venture Partners

Hospital patient payment technology provider HealthiPASS has closed a $7.2m Series A financing round led by FCA Venture Partners.

Zimbabwe bans mobile payments over accusations of “economic sabotage”

Digital payments and trading on the stock exchange has been suspended in Zimbabwe in response to what President Emmerson Mnangagwa’s government called “criminality and economic sabotage," Reuters reported.

News Stories

UBS issued $500,000 fine from CFTC

The Commodity Futures Trading Commission (CFTC) has issued a $500,000 fine to UBS for alleged violations of audio recording regulations.

How onboarding is hindering client experience

A recent blogpost by MyDocSafe has detailed how the onboarding process within wealth management is impacting the client experience through its complexity.

ESMA publishes paper setting out plans to change MiFID II reporting requirements

The European Security and Markets Authority (ESMA) has invited firms to comment on its consultation paper seeking to make reporting requirements changes under MiFID II.

Hiro rebrands as it gears up for international expansion

Hiro, which aims to transform insurance into being prevention-first, has rebranded as Locket as it gears up for international growth.

Banking API provider M2P Fintech picks up $35m Series C

India-based M2P Fintech has secured $35m from a Series C funding round led by US investment firm Tiger Global.

See how insurance firms can use it to personalise their offering

Did you know that by 2025, almost 30% of all data created, captured, or replicated by consumer devices will be created in real-time.

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