Businesses to drive total virtual cards transactions growth by 3x to reach $5trn by...

Transactions processed by virtual cards is expected to treble over the next five years to exceed a colossal $5trn, a new study from Juniper Research claims.

WEX closes $400m investment from private equity firm Warburg Pincus

WEX, which builds simplified payment systems for businesses, has closed a $400m investment from private equity firm Warburg Pincus.

Holvi cards suspended because of the Wirecard scandal

Holvi, the digital banking platform for freelancers, has become the latest FinTech firm to be swept up in the Wirecard scandal.

KBC is the lastest bank to accept payments through wearable technology

Belgian bank KBC is from now on enabling its customers to use wearable technology to conduct contactless payments.

TerraPay partners with Visa to develop payment solutions that drive financial inclusion

TerraPay, the payments infrastructure company, and Visa have formed a strategic partnership to develop and deliver payment solutions to drive financial inclusion.

Healthcare payments app Cedar nets $102m in its Series C round

Cedar, a FinTech helping to simplify the financial experience for patients, has netted $102m in its Series C round, which was led by Andreessen Horowitz.

Online payment technology developer SYNQA closes $80m Series C

Thailand-based SYNQA, which designs online payment and blockchain technology, has raised $80m in its Series C round.

Wirecard’s CEO leaves company after search for missing €1.9bn hits a dead end

The Wirecard scandal sweeping across the European FinTech space intensified over the weekend with CEO Markus Braun leaving the company as the board says the missing €1.9bn ($2.1bn) "do not exist."

Could Checkout.com just have become Europe’s most valuable FinTech startup after tripling its valuation...

London-headquartered Checkout.com has just raised a $150m Series B funding round that saw it triple its valuation to $5.5bn, making it one of Europe's...

FinTech giant Wirecard in deep trouble after $2.1bn goes missing

German Wirecard saw its shares plunge by as much as 60% after the payment company revealed that €1.9bn ($2.1bn) was missing just as it was about to file its financial statements for 2019.

News Stories

Checkout.com warns businesses could risk losing $20bn because legitimate online payments are rejected as...

Businesses risk losing over $20bn annually due to legitimate transactions being rejected as fraudulent, which could cause a serious dent in their coffers as they recover from Covid-19, according to new research from Checkout.com.

SoftBank ups stake in PolicyBazaar despite the InsurTech’s CEO claiming the previous investment was...

Insurance marketplace PolicyBazaar has reportedly raised a further $130m from SoftBank, despite the chief executive believing the previous expansion efforts led by the bank were a "mistake."

ESMA updates its data reporting guidance document for MiFIR

On Wednesday July 8, the European Securities and Markets Authority (ESMA) announced that it had updated its document on data reporting under the Market in Financial Instruments Regulation (MiFIR).

ESMA updates its guidance regarding data reporting under EMIR

The EU’s securities markets regulator has updated its questions and answers document on practical questions regarding data reporting issues under the European Markets Infrastructure Regulation (EMIR).

Saudi Arabia-based Lean said to raise $4.5m in its seed round

Saudi Arabia-based Lean has reportedly raised $4.5m in a seed funding round, which was led by RAED Venture.