Tagged: payments infrastructure

Fintech Gr4vy Secures Investment from W23 to Accelerate Australia, APAC Region Expansion

Gr4vy, the Cloud-native payments infrastructure company, announced a new investment from W23, Woolworths Group’s venture capital arm. This strategic investment expands “on an existing partnership and reflects continued confidence in Gr4vy from Australia and New Zealand’s largest retailer.” Gr4vy previously “raised $27.2M in total funding… Read More

Cloud Payments Infrastructure: Setplex Chooses Gr4vy to Accelerate Time-to-Market, Expand Payment Services

Gr4vy, the Cloud-native payments infrastructure company, announced Setplex, a full-service IPTV/OTT solutions provider, has selected the company’s cloud-native payment orchestration platform (POP) “to accelerate time-to-market, onboard new merchants and quickly implement locally preferred payment methods.” John Lunn, founder and CEO of Gr4vy, said: “Offering local… Read More

Fintech TerraPay Secures $100M via Series B to Expand Payments Infrastructure

TerraPay, a global payments infrastructure company, has successfully closed its Series B equity financing round, raising in excess of $100 million in equity and debt financing. The investment round was “led by IFC and supported by Prime Ventures, Partech Africa, U.S. International Development Finance Corporation… Read More

Digital Payments Platform Paycell Teams Up with Nium for International Money Transfers

Paycell, Türkiye’s next-generation digital payment platform, announced a strategic partnership with Nium, the platform for global money movement, to offer international money transfers from account to account using Nium’s leading business payments infrastructure. The partnership “makes life easier for Paycell users to perform fast, safe,… Read More

Fintech Paddle Acquires ProfitWell to Automate Payments Infrastructure for SaaS Firms

Paddle, the complete payments infrastructure for SaaS companies, announced that it has acquired ProfitWell, the provider of subscription metrics and retention automation software. The deal – valued at more than $200 million in cash and equity – is “the next step in Paddle’s mission to… Read More

UK Fintech Paddle Acquires $200M to Support SaaS Firms’ International Growth

Paddle, the provider of a complete payments infrastructure for SaaS firms, recently announced that it has raised $200 million in Series D equity and debt financing “at a valuation of $1.4bn, making it the UK’s latest unicorn.” Led by KKR, an international investment firm, with… Read More

$150M Series C Makes Xendit a Unicorn

Xendit, a payments infrastructure provider serving Southeast Asia, this week announced a $150 million Series C that added it to the list of Southeast Asia unicorns. The round was led by Tiger Global Management with participation from existing investors Accel, Amasia, and Justin Kan’s Goat… Read More

Open Banking: UK Fintech Modulr Says that Financial APIs are Driving the Financial Revolution

A completely digital economy has “always been on the horizon” and now, thanks to the Covid-19 outbreak, that horizon has been “brought to the forefront” of business operations, the team at UK-based Fintech Modulr writes in a blog post. Before the Coronavirus crisis, cashless payments… Read More

London based PayAlly, an Integrated Payments Ecosystem for SMEs, to Leverage Banking Circle Tech

PayAlly, a fully integrated payments ecosystem for small businesses, is reportedly using Banking Circle solutions to enhance its multi-currency B2B cross-border payments platform. Through the partnership, PayAlly will be able access a wider range of payment channels via the Banking Circle super-correspondent banking network. This… Read More

Embedded Financial Services Can Offer Better User Experience, Fintech Modulr Explains

Modulr, a Payments as a Service API Platform for digital businesses, notes that embedded financial services can be considered the fourth platform. UK-based Modulr writes in a blog post that embedded financial services have kicked off an “exciting innovations race.” The company also mentions that… Read More

Banking Circle to Act as Front-Runner Bank in Creating Bulk-Clearing for Danish Krone after Joining P27 Nordic Payment Initiative

Global financial infrastructure provider, Banking Circle, has reportedly joined the P27 Nordic payment initiative as a “front-runner” bank in developing “bulk-clearing” for the Danish Krone, “underlining its commitment to building a global payments infrastructure.” P27 has been recognized as an important initiative to address the… Read More

State Bank of Pakistan Instructs Financial Institutions to Create Chief Digital Officer Role, Offer Better Support for Internet Banking

The State Bank of Pakistan (SBP), the nation’s central bank, stated on Wednesday (March 11, 2021) that all local banking institutions should offer a set of minimum services for Internet banking and mobile banking. The SBP says it wants to encourage or promote the use… Read More

Inefficient Payment Processes have Led to Significant Increases in Operational Costs for UK Businesses: Report

UK-based businesses might be “sleepwalking” into a major payments crisis, according to a recent report from Modulr, a Payments as a Service API Platform for digital businesses. The report reveals that payment processes cost UK businesses a substantial £1.5m (or 12% of Opex) with costs… Read More

U.S. Fintech Finix Extends Series B Investment Round to $75 Million

Just six months after announcing it secured $35 million through its Series B funding round, payments infrastructure platform Finix announced it has extended the funding round and raised a total of $75 million. Sequoia Capital led the round, with participation from Acrew Capital, Bain Capital… Read More

U.S.-Based Payments Infrastructure Platform Finix Secures $35 Million Through Series B Funding Round Led By Sequoia Capital

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Finix, a payments infrastructure platform based in the U.S., announced on Tuesday it secured $35 million through its Series B funding round, which was led by Sequoia Capital with participation from Acrew Capital, Bain Capital Ventures, Activant Capital, and Inspired Capital. The funding round comes… Read More

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