Mox bolsters banking offering with new BNPL service

Hong Kong virtual bank Mox has introduced a new buy now, pay later (BNPL) solution that can split purchase payments over a 36-month period.

Mexican PayTech Yaydoo to simplify B2B payments after banking $20m in fresh funding

Mexico City-based B2B software and payments company Yaydoo closed a $20.4m in a Series A round co-led by Base10 Partners and monashees.

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.

Token driving UK open banking payments expansion, research finds

Market share statistics by CMA9 – the nine largest UK banks – has found open banking platform Token is driving the adoption of open banking payments in the country.

Goldman Sachs, Fiserv team to unveil B2B payments facility

US FinTech firm Fiserv and Goldman Sachs have introduced their first product offering from its ongoing strategic partnership.

Invoicing app for creators Lumanu bags $12m in Series A funding

Lumanu has bagged $12m in its Series A funding round to help further the development of its platform that simplify payment collection for creators.

Yoco secures South Africa’s largest single investment raised by a payments company

South African payments company Yoco has secured $83m in its Series C, which it claims to be the largest single investment raised by a small business-focused payments platform in the Middle East and Africa.

Nium nets $200m to become first global B2B payments unicorn from Southeast Asia

Nium, a global B2B payments platform, has raised over $200m in a Series D round led by Riverwood Capital to accelerate its product roadmap and drive global expansion.

Paystand collects $50m Series C funding to support enhancement of blockchain-powered payment network

Paystand, a blockchain-enabled payment network for businesses, has closed its Series C round on $50m, coming off the back of its triple-digit growth.

Integrated payments software provider Paystone picks up $23.8m from Crédit Mutuel Equity

Canada-based company providing integrated payment technology Paystone closed a $23.8m round from Crédit Mutuel Equity.

News Stories

Rapyd snares $300m Series E to accelerate growth and acquisitions

US payments network Rapyd has secured $300m from a Series E funding round led by Target Global.

ComplyAdvantage, McKinsey execs bet on UK-based cybersecurity startup seedata.io in pre-seed round

Seedata.io, a London-based cybersecurity SaaS startup, raised £640,000 in a pre-seed funding round.

Kenya’s Wapi Pay banks a $2.2m pre-seed round to ease remittances between Africa and...

Wapi Pay, based in Singapore and headquartered in Kenya has raised $2.2m in pre-seed funding to scale up global payments and remittances between Africa and Asia.

BharatPe earns the horn, triples valuation to $2.85bn after Tiger Global-led oversubscribed round

Merchant payments and financial services provider BharatPe raised $370m in a primary and secondary mix, as a part of a Series E funding round led by new investor New York-based Tiger Global Management.

FinTech VC Element snares $130m for B2B fund

UK firm Element Ventures has secured $130m in financial backing for its business-to-business (B2B) FinTech-focused venture capital business.

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