PayPal acquires Hyperwallet in $400m cash deal

Digital payments giant PayPal has acquired Hyperwallet, a global payout solution, in a $400m cash deal.

India-based Paytm preps for planned $3bn IPO

India’s Paytm invited employees to tender equity shares in part or in full for sale in the digital payments giant’s planned initial public offering (IPO), a step it dubs as the country’s largest stock market debut ever.

How did Singapore beat China to become Asia’s biggest FinTech investment destination?

Singapore is hotbed for FinTech innovation that has overtaken China as the biggest investment destination in the region. However, its leadership position is far from certain.

Cybersecurity, InsurTech and neobank ventures led the 29 FinTech rounds raised last week

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

SumUp partners with Mastercard for new business card

Point of sale developer SumUp will launch a new card for business payments in partnership with Mastercard.

Airwallex lands $6m round from Square Peg Capital

International payments company Airwallex has closed a $6m investment from Square Peg Capital, as part of a new partnership.

Cheddar raises $1.25m for seed investment round

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

Pamlico Capital picks up EMS billing software business Digitech

Lower mid-market US buyout house Pamlico Capital has agreed to buy emergency medical transport billing management provider Digitech Computer.

Align Commerce rebrands to Veem, closes $24m

Blockchain-based cross-border payments service provider Align Commerce has picked up $24m and rebranded to Veem. National Australia Bank (NAB) Ventures led the Series B round.

Routefusion bags $3.6m to aid its product expansion

Routefusion, which enables companies to embed cross-border payments within their applications, has scored $3.6m in its seed round. Silverton Partners served as the lead investor,...

News Stories

How transparent AI will help the adoption of the technology in insurance

As AI becomes more widely used across industries, in insurance is lagging behind. Akur8 believes this could be down to the need of transparency. Akur8...

How to meet the needs of the top three underserved segments in wealth management

With 2021 moving into the halfway mark, TietoEVRY’s Sameer Datye has listed the biggest wealth trends of 2021.

Lydia teams with Cashbee to establish savings accounts offering

French mobile payments company Lydia has partnered with compatriot FinTech Cashbee to add saving accounts to its platform.

FinTech investment growth in the Baltics paused in Q1 due to lack of large...

FinTech companies in the region raised just $11.2m across 12 deals during the first three months of 2021

Checkout.com expends Estonia footprint with Icefire acquisition

Payments solutions provider Checkout.Com has purchased Estonian software development firm Icefire for an undisclosed fee.

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