Another Bulgarian payments startup closes funding this week

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

POS financing company Bread has raised $60m in funding

Bread, a point-of-sale financing service provider, has secured $60m in a new equity financing round.

Group payments app Tilt in buyout talks with Airbnb

Social payments app Tilt is in talks with sharing economy giant Airbnb to potentially beef up the short-term rental firm’s group payments capabilities.

Visa makes strategic investment into Brazilian payments processor Conductor

Visa has made an undisclosed strategic minority investment into Brazilian payments processor Conductor.

Curve launches free money transfer service

Payments company Curve has released a new service which enables a user to send and receive money from any account to any account without any charges or conversion fees.

Cheddar raises $1.25m for seed investment round

Indiana-based billing platform Cheddar has raised $1.25m in seed funding led by M25 Group.

Brex completes three acquisitions as it continues growth efforts

Corporate credit card company Brex has completed three acquisitions which will add “meaningful engineering and product talent to its ranks.”

Loot seals £2.2m in Series A round led by Portag3, Speedinvest

Digital current account company Loot has raised £2.2m in a series A funding round.

Curve hires former CEO of UK Payment Systems Regulator to advice the company’s leadership

Banking platform Curve’s executives have enlisted the help of a Hannah Nixon, the former CEO of the UK Payment Systems Regulator, to tap into her knowledge on regulatory activities and relationships.

Karmic Labs bags $17.2m Series B

Payment provider Karmic Labs has bagged $17.2m in its Series B funding round and adds two new members to its board of directors.

News Stories

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

The UK’s FCA launches new review of unsecured credit market

The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies

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