SoftBank-backed OPay struggles with service outages and its customers are not happy about it

Customers of OPay, the Nigerian-based PayTech company, were left unable to tap into their account through the company’s app over the weekend.

AVANA collects $1m in its Pre-Series A led by Gobi

E-commerce platform AVANA has collected $1m in its Pre-Series A funding round led by Gobi Partners.

Global online micro-transaction market to be worth $37.61bn by 2030 because of Covid-19

The micro-transaction market is set to skyrocket in the next ten years because more people turn to gaming as part of them coping with the coronavirus, according to new research.

PayPal has closed the $4bn acquisition of Honey Science Corporation

Having first been announced in November 2019, PayPal has now finalised its acquisition of the rewards and shopping platform Honey Science Corporation.

LaSalle Capital acquires National Gift Card

Chicago-based private equity firm LaSalle Capital has acquired National Gift Card (NGC) for an undisclosed amount.

Klarna introduces Google Pay for safer in-store payments during Covid-19

Payment service unicorn Klarna is introducing Google Pay for in-store purchases in the US as the country tackles the pandemic.

European Banking Authority releases report on FinTech’s impact on payment sector

The European Banking Authority (EBA) has released its thematic report on the impact of FinTech on payment institutions (PIs) and electronic money institutions (EMIs) business models.

WebLinc raises $6m round led by Montage, Partners for Growth

E-commerce platform developer WebLinc has closed its round of funding on $6m, with Montage Capital and Partners for Growth leading the deal.

Brazil-based Swap said to raise $3.3m in funding

Swap, a Brazilian FinTech helping companies access payments, has reportedly raised $3.3m in a funding round.

Equistone Partners acquires majority stake in cross-border payment provider Small World

Private equity house Equistone Partners Europe has agreed to pick up a majority stake in cross-border payments services provider Small World Financial Services.

News Stories

Five things financial institutions must know before using AI and machine learning to comply...

Machine learning and artificial intelligence is often hailed as the next big thing in RegTech, but what can you do to avoid them becoming empty buzz words.

Trax Print uses its technology to help fight Covid-19

Document protection and anti-fraud company Trax Print has formed a partnership with Zoono to build a dynamic sanitisation certificate.

Laika closes its equity financing round on $10m

Information security and compliance-as-a-service platform Laika has closed an equity financing round on $10m.

Tech Nation names the 31 UK FinTechs in its new accelerator

Tech Nation has named the 31 UK-based FinTech startups it has welcomed into it latest accelerator programme.

illimity Bank buys 50% of Fabrick’s stake in HYPE Money

illimity Bank and Fabrick have entered an agreement to the shared ownership open banking platform HYPE Money.

Watch 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?

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