Payment processing market to be worth $120.7bn by 2025

New research suggests that the value of the payment processing solution market is expected to grow from $74.4bn in 2020 to $120.7bn in 2025.

Global 66 closes seed round on $4.6m as it looks to enter Canadian market

Chile-based Global 66, an international money transfer platform, has reportedly closed its seed round on $4.3m.

Standard Chartered teams up with Airtel Africa to strengthen the adoption of mobile financial...

British multinational bank Standard Chartered has inked a deal with telecom company Airtel Africa to boost financial inclusion across Africa.

Payments company Vitesse nets £6.6m in its Series A

Cross-border B2B payments company Vitesse has netted £6.6m in its Series A round , which was led by Octopus Ventures.

Remitly bags $85m round at a $1.5bn valuation

Remitly, the provider of remittances and financial services for immigrants, has secured $85m to fund the further development of its offerings.

TransferWise bags $5bn valuation on the back of $319m secondary share sale

New details have emerged about TransferWise's latest deal that saw the UK FinTech unicorn's valuation rise past the $5bn mark.

Axiata Digital receives $70m in funding to support the expansion of its digital financial...

Axiata Digital, the digital service division of telecommunications conglomerate Axiata Group, has received $70m in funding to support the growth of its digital financial services.

TerraPay partners with Visa to develop payment solutions that drive financial inclusion

TerraPay, the payments infrastructure company, and Visa have formed a strategic partnership to develop and deliver payment solutions to drive financial inclusion.

TransferGo said to raise $10m in funding, alongside launch in 11 more countries

International money remittance service TransferGo has reportedly netted $10m in funding, after its customer base surges past two million.

The 35 FinTech deals from the last week that you can’t afford to miss

Keeping up with all the comings and goings of the FinTech space is far from easy, but don't worry. We've got you covered with the deals that sent shock waves across the sector in the last week.

News Stories

POS lending solution Affirm closes $500m Series G

Affirm, a buy now and pay later solution, has closed its Series G round on $500m.
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Solving the challenge of creating a customer-centric business model – Kidbrooke demo

A recent survey from PWC found that 61% of bankers believe customer-centric business models are very important, and yet only 17% of them are “very prepared” for it. Kidbrooke has released a new demo highlighting the problem in the market.

Over 60% of InsurTechs and insurers are keen to work with BigTech companies

Over 60% of InsurTechs and insurers are looking to collaborate with BigTechs, as they look to keep up with changing customer demands, a new report claims.

Good services is more important to policyholders than pricing

New research claims the key to driving long-term relationships in home insurance is less about pricing and more about great services and reputation.

TCARE closes $3m in round led by SixThirty Ventures

TCARE, which claims to be the only evidence-based, CMS 1115 approved and accredited family caregiver support platform, has netted $3m in funding.

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