Payment processing market to be worth $120.7bn by 2025

New research suggests that the value of the payment processing solution market is expected to grow from $74.4bn in 2020 to $120.7bn in 2025.

Finix extends its Series B to reach a total of $75m

Payments infrastructure company Finix has extended its Series B round to reach $75m, after closing an additional $30m to the round.

Railsbank to buy scandal-ridden Wirecard’s UK division

Following the collapse of the German FinTech giant Wirecard, UK rival Railsbank will reportedly buy the company's British division.

Neat adds $4m to its Series A round

Hong Kong-based FinTech Neat has topped up its Series A round with a $4m extension, bringing the total raised in the round to $15m. The...

Axle Payments said to raise $27.7m in a round of debt and equity

Axle Payments has reportedly bagged $27.7m in a mixture of debt and equity to increase its market spread.

Healthcare payments startup Sift Healthcare secures $2.8m in funding

Sift Healthcare, an AI-powered software designed to improve healthcare payments, has secured $2.8m in a new funding round.

Cambodian FinTech Clik said to raise $3.7m in funding

Cambodia-based payments company Clik has reportedly netted $3.7m in a funding round as it edges nearer to its launch.

PPRO scores $50m in funding after a year of strong growth

PPRO, a local payments platform-as-a-service, has closed a $50m funding round after witnessing an 85% increase in transaction volume.

Orum closes first institutional investment to support launch of flagship product

Orum is a new FinTech platform that has the aim of improving the real-time moving of money and has reportedly raised its first institutional investment to support its development.

Bill payment service Ayoconnect said to raise $5m in its pre-Series B round

Indonesia-based Ayoconnect has reportedly bagged $5m in its pre-Series B round to continue its goal of increasing financial inclusion.

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

Join the exclusive webinar with McKinsey and Akur8 to find out more 

How to capture value from pricing analytics in P&C insurance post COVID-19?

Don't miss our news & research. Subscribe to our daily newsletter!

29205