Electronic payment group ICP acquired by investor group
Electronic payment solution provider ICP Companies Group has been acquired by Paarl Equity GmbH and Operando Partners and four other undisclosed co-investors.
Carbon Bank unveils BNPL app
Carbon Bank, a credit-led Pan-African digital bank has launched a new buy now, pay later (BNPL) web app.
Finexio secures $23m in new investment round
Payments as a service company Finexio has netted $23m in a round led with a strategic investment from Medalist Partners, an alternative credit manager based in New York.
Trendyol secures Decacorn status following Softbank-backed funding round
Turkish e-commerce platform Trendyol has become Turkey’s first Decacorn company after recent funding of $1.5bn lifted its valuation to $16.5bn.
Marqeta widens European presence through expanded Klarna partnership
Klarna has entered 13 new European markets after it expanded its alliance with card issuer Marqeta.
Wise gears up for potential direct listing on London Stock Exchange
UK FinTech juggernaut Wise has revealed it seeking the first direct listing of a technology firm on the London Stock Exchange (LSE).
Klarna-backer QED Investors leads $20m round in Payhawk
Bulgarian expense management startup Payhawk raised a $20m funding round led by QED Investors with Earlybird Digital East also participating.
Mastercard, Bilt team to unveil new credit card to support renters
Mastercard has collaborated with Bilt Rewards to launch Bilt Mastercard - a credit card that offers no fees on rent payments.
Barcelona’s Verse rakes in $8.3m for peer-to-peer payments
Barcelona-based peer-to-peer payments service Verse has raised $8.3m in a Series A round of funding. The capital comes from Spark Capital, e.ventures and Greycroft Partners.
Why payment service providers must adapt to changing ecommerce market
Since the onset of the Covid-19 pandemic, there has been a huge increase in the amount of cross-border payment and ecommerce sales taking place.