Square picks up struggling Yik Yak’s tech team for $3m

Payments company Square is taking struggling social app Yik Yak’s development team off its hands for $3m.

Invuo sells contactless payment company SEQR to Glase FinTech in SEK8m deal

Swedish tech firm Invuo has sold its stake in contactless payment platform SEQR to fellow FinTech business Glase.

Nigeria-based payments app Paga bags $10m Series B2

Nigeria-based payments company Paga has raised $10m in a Series B2 round led by the Global Innovation Fund.

Why Nigerian FinTech startup Carbon posted its financials when other African startups wouldn’t

Carbon, an FinTech startup based in Nigeria, has posted its financials on its website despite most other African new enterprises would be reluctant to do so.

Stripe lands $35bn valuation after closing a new $250m Series F funding round

The payment processing unicorn Stripe has joined the Silicon Valley elite after netting a $250m funding round and a $35bn valuation.

StyloPay picks Tribe Payments for global digital wallet offering

Tribe Payments’ digital wallet technology has received another vote of confidence as payment and mobile apps business StyloPay has decided to use it.

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.

Safaricom, Vodacom acquire African payments company M-PESA in joint venture

Kenyan mobile network Safaricom and Vodacom, the South African division of Vodafone, have acquired phone-based money transfer service M-PESA.

MoneyGram partners up with Global Money Express

Cross-border payments and money transfer company MoneyGram has inked a partnership with Global Money Express, the South Korean money transfer and payment FinTech company.

Japan-based hey closes a Series E round to support the adoption of its technology

hey, which helps businesses in Japan create online stores and accept cashless payments in-store, has closed a Series E round led by global private equity investor Bain Capital Tech Opportunities.

News Stories

FinTech-focused venture firm QED Investors closes fund on $1.05bn

Global FinTech-focused venture capital firm QED Investors has closed its seventh fund on $1.05bn, as it eyes opportunities in US, UK, Latin America and Southeast Asia.

Grow Credit secures $106.3m in seed round made of debt and equity

Grow Credit, which hopes to bolster financial inclusion, has netted $106.3m in its seed round, which comprised of debt and equity.

Kolide raises $17m in round led by OpenView Partners

Endpoint security platform Kolide has picked up $17m in its Series B funding round, which was led by Boston-based venture firm OpenView Partners.

Form3 raises $160m in its Series C round

Form3, a payment technology developer, has closed its Series C round on $160m, which will aid its geographical growth.

Foxquilt bags funding to bolster growth in US and Canada

North American InsurTech company Foxquilt has bagged $8m in a funding round that will support its expansion across the US and Canada.

See how insurance firms can use it to personalise their offering

Did you know that by 2025, almost 30% of all data created, captured, or replicated by consumer devices will be created in real-time.

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