Payment processor SumUp raises €330m in funding

SumUp, a payment processing company, has secured a €330m investment to support its global expansion plans.

Digital payments giant PayPal acquires POS developer iZettle in $2.2bn deal

Digital payment giant PayPal has acquired fellow online payments platform iZettle in a deal worth $2.2bn.

BitPesa buys TransferZero to ‘plant deeper roots’ in Europe

BitPesa, a blockchain payments platform for Africa and Europe, has purchased TransferZero, an international, online money transfer platform.

Card issuing platform for developers Lithic valued at $800m with Stripes-led Series C

NYC-based card issuing platform for developers Lithic raised $60m in Series C funding, making the company a soonicorn.

Wave closes largest Series A round for an African FinTech at $1.7bn valuation

Independent mobile money provider Wave bagged $200m in a landmark Series A round led by Sequoia Heritage, Founders Fund, Stripe and Ribbit, valuing it at $1.7bn.

PayPal says black lives matter and commits to a $530m pot to support black...

PayPal has announced that it has had enough of racial inequality in the US and has made a $530m commitment to support black and minority-owned businesses and communities across the nation.

Fintrax Group buys up Planet Payment in €219m deal

Digital payment processing platform Fintrax Group has bought up multi-currency business Planet Payment in a deal worth €219m ($257m).

Daimler acquires PayCash Europe to launch Mercedes pay

Daimler Financial Services is acquiring electronic payments provider PayCash Europe. The terms of the deal are undisclosed.

Cedar raises $36m in its Series B led by Kinnevik

Patient financial management platform Cedar has raised $36m in its Series B led by Kinnevik.

Canada-based Plooto said to close $6.3m in its Series A

Payment management company Plooto has reportedly collected CAD 8m ($6.3m) in its Series A round, which was led by FINTOP Capital.

News Stories

Okcoin locks in $1m commitment to boost cryptocurrency inclusivity

US cryptocurrency platform Okcoin has committed $1m to increasing diversity and inclusivity in the crypto space.

BNPL provider Kueski lands funding to service Mexico

Mexico City-based online lender and Buy Now, Pay Later (BNPL) provider Kueski has raised $202m in a debt and equity round led by StepStone Group, a report by Finextra has revealed.

Panther Labs joins the ranks of CyberTech unicorns

Cloud-scale security analytics platform Panther Labs has scored $120m in its Series B round, as it gears up for rapid market expansion.

Women of colour neobank gearing up for launch

GoWomen, a challenger neobank priding itself on being the first FinTech company for women of colour, is taking early sign ups ahead of its 2022 launch.

Octamile raises $500,000 as it exits stealth

Nigeria-based InsurTech startup Octamile has come out of stealth mode with $500,000 from a pre-seed funding round led by EchoVC.

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