Mobile Payments

PayTech Sokin joins Arsenal Football Club as money transfer partner

UK-based global payments provider Sokin has teamed with Arsenal FC to become its new official money transfer partner.

FCA calls for stricter buy now pay later regulations “to protect consumers”

The buy now pay later sector may have had its best year ever in 2020, but now the UK’s top financial watchdog is calling for stricter rules “to protect consumers”.

Mobile wallet market expected to be worth $7.58trn by 2027

The mobile wallet market size was valued at $1.04trn in 2019 and is projected to reach $7.58trn by 2027, growing at a compound annual growth rate of of 28.2% from 2020 to 2027, according to new research.

Digital payments network MFS Africa picks up another $100m, just months after former round

MFS Africa, the largest digital payments network in Africa, has raised an additional $100m in debt and equity for its Series C, just six months after its initial close.

BharatPe earns the horn, triples valuation to $2.85bn after Tiger Global-led oversubscribed round

Merchant payments and financial services provider BharatPe raised $370m in a primary and secondary mix, as a part of a Series E funding round led by new investor New York-based Tiger Global Management.

Payment platform APEXX Global launches buy now pay later aggregator

APEXX Global launches Buy Now Pay Later (BNPL) Aggregator which will help merchants offer consumers various payment solutions to their customers.
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Glint already closes another batch of funding

Global currency, account and app Glint has reportedly raised another £3m, having just closed a similar investment in August.

Checkout.com becomes the Libra Association’s newest member as the crypto project is seemingly gaining...

Having lost some of its founding members when the public scrutiny got fierce, the Libra Association has now added Checkout.com to its membership as things seem to be moving faster for the cryptocurrency project.

UK bank 3S Money raises £3m to boost hiring, business expansion

UK banking platform 3S Money has raised £3m from a Series B funding round and has hit a £40m valuation.

Nigerian Flutterwave partners up with Alibaba to tap into the China-Africa trade

The San Francisco and Lagos-based FinTech startup Flutterwave aims to leverage a new partnership with e-commerce giant Alibaba to take a slice of the China-Africa trade. This trade is estimated to be worth $200bn.

News Stories

FinTech

FinTech investment sees uptick following two sluggish weeks

There was a climb in investment in the FinTech sector this week, with FinTech Global reporting on a total of $399m being raised across...
compliance

Will 2024 be the year of compliance technology?

As technologically-driven solutions continue to firmly pierce the financial industry and how it runs, the need for firms to maintain compliance amongst a deluge...
ZeroEyes joins Lloyd's Lab for pioneering InsurTech against gun violence

ZeroEyes joins Lloyd’s Lab for pioneering InsurTech against gun violence

In an unprecedented move, ZeroEyes, known for its pioneering AI gun detection technology, has been welcomed into the coveted Lloyd's Lab Accelerator program, marking a significant stride in InsurTech innovation.
Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.
Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint venture

Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint...

Bishop Street Underwriters, a notable entity within the RedBird Capital Partners' portfolio, has formally announced a groundbreaking joint venture with Topsail Reinsurance SPC, Ltd....

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