Shift in Fair Technologies take-over
Shift, an end-to-end auto e-commerce platform for used cars, has entered into a definitive agreement to acquire certain assets of Fair Technologies for a combination of cash and shares of its Class A common stock.
Appletree sets out to raise $5bn for African e-commerce digital ecosystem
Appletree digital commerce, has unveiled the Taking One Million African Traders Online Movement (TOMATO), its solution to the lack of opportunities for the youth across Africa.
Embedded payments firm Paytrix scores £5m
Paytrix, an embedded payments company for high-growth vertical software platforms, has bagged £5m in new funding.
Revenue from embedded payments to reach $57bn by 2027
The global revenue from embedded payments for embedded finance vendors will reach $59bn in 2027, rising from $32bn in 2023, according to Juniper Research.
FinTech giant FIS sells Worldpay to GTCR at $18.5bn valuation
FIS, a global leader in financial services technology, has made a strategic move to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR.
Canada’s Interac broadens access to e-Transfer service
Interac, the renowned Canadian debit network, is taking a significant step forward by expanding access to its e-Transfer service.
Mylapay, Indian FinTech pioneer, secures $550k in seed funding
Mylapay, a PayTech company based in India, recently announced a successful seed funding round.
Shopmatic lands $5.7m in Series A funding round
Singapore-based B2B e-commerce enabler Shopmatic has reportedly raised $5.7m in its Series A funding round.
KrazyBee bags $8m Series A led by Xiaomi Technologies, Shunwei Capital
Micro-lending platform KrazyBee has bagged a $8m Series A financing round led by Xiaomi Technologies and Shunwei Capital.
Nordic Capital acquires online payment provider Trustly from Bridgepoint
Trustly, a European online payments provider, has been acquired by Nordic Capital, in an undisclosed deal.
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