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PayTabs, FlapKap further UAE ecommerce merchants' growth

News | Ecommerce | 19 May 2023

Payment solutions provider PayTabs has announced a partnership with revenue-based financing platform FlapKap to further the growth of UAE ecommerce merchants.

partnership, SMEs, funding, ecommerce, payments , payment processing, e-invoicing, fintech, PSP, payment gateway, mobile payments, QR payments, capital, payment methods, digital wallet, credit card, debit card

P97 Networks raises USD 40 mln

News | Payments General | 03 Apr 2023

Mobile commerce platform focused on the auto, mobility, and retail fuel markets P97 Networks has raised USD 40 million in equity financing led by Portage for growth initiatives.

funding, investment, capital, payments , mobile payments, ecommerce platform, mobility, retail, ecommerce, cloud services, payment processing, API, expansion, digital marketing, unified commerce, mobile commerce, fintech, loyalty programme

Raylo raises GBP 110 mln

News | Ecommerce | 01 Feb 2023

UK-based fintech Raylo has raised a GBP 110 million debt financing facility from NatWest and Quilam Capital to fund growth, product expansion, and increase access to tech.

funding, investment, debt financing, capital, ecommerce, payments , instalment payments, BNPL, financial inclusion, circular economy, sustainability

CapBay gets USD 20 mln in Series A funding

News | E-invoicing, SCF & E-procurement | 01 Feb 2021

Malaysia-based CapBay, a peer to peer (P2P) supply chain financing platform, has acquired USD 20 million in capital via its Series A round.

CapBay, Malaysia, P2P, supply chain finance, SCF, capital, investment, KK Fund, SMEs

Mambu reveals EUR 110 mln raised in funding round

News | Payments General | 08 Jan 2021

Mambu has announced its latest funding round of EUR 110 million in new capital, led by TCV, whose investments include Netflix, RELEX, Spotify, and WorldRemit. 

Mambu, funding, TCV, capital, financing , financial institutions, fintech, banks

Australia-based neobank Xinja to shut down

News | Online & Mobile Banking | 17 Dec 2020

Australia-based neobank Xinja has announced it will be closing customer accounts, refunding customer savings, and will be returning its banking license. 

Xinja, neobank, Australia, bank closure, banking license, COVID-19, capital, banking, digital bank

Deutsche Bank helps BASF China with supply chain financing solution

News | E-invoicing, SCF & E-procurement | 09 Nov 2020

Deutsche Bank has established a supply chain financing solution for BASF China, supporting the company with working capital capabilities.

Deutsche Bank, BASF China, SCF, supply chain finance, payments , China, capital, risk mitigation, working capital, product launch

SHUAA launches USD 200 million 'Financing Opportunities Fund'

News | Payments General | 12 Oct 2020

SHUAA Capital, an asset management and investment banking platform in the Gulf Cooperation Council (GCC) region, has launched a USD 200 million ‘SHUAA Financing Opportunities Fund’.

Forex exhange, commodities, investments, SHUAA, SHUAA Financing Opportunities Fund, capital, finance

Citi, JP Morgan, and State Street invest in fintech Capitolis

News | Payments General | 11 Sep 2020

JP Morgan, Citigroup, and State Street have invested USD 11 million in Capitolis, a US-based technology startup that seeks to help banks use capital more efficiently, according to Reuters.

Citi, JP Morgan, State Street, Spark Capital, Index Ventures, Sequoia Capital, Capitolis, fintech, startup, Reuters, US, United States, banks, capital, software, capital markets, liquidity, financial institutions, trading, financial crisis, risky trades, capital banks, residual trades, derivatives portfolios, investors

Jobber, Stripe team up for financing and instant payouts

News | Online Payments | 05 Aug 2020

Jobber has announced an expanded partnership with technology platform Stripe to offer flexible financing and instant payouts to its customers in North America. 

Jobber, partnership, Stripe, financing , Instant Payouts, North America, capital, online payments

Infor, DBS Bank partner for global supply chains digital financing

News | E-invoicing, SCF & E-procurement | 23 Jul 2020

Cloud software provider Infor has partnered with Singapore-based DBS Bank to integrate digital trade financing capabilities into the Infor Nexus global network. 

Infor, DBS Bank, Asia, Singapore, digital trade financing, supply chain finance, Infor Nexus, cloud software, bank, SMEs, pre-shipment finance, supply chain data, risk, credit, capital, credit risk

Barclays secures capital ahead of potential coronavirus-caused loan losses

News | Payments General | 14 Jul 2020

Barclays has announced that recent regulatory changes had boosted its core capital, giving the UK-based bank a buffer to absorb any further loan losses during the coronavirus crisis.

Barclays, capital, loan losses, coronavirus, banks, CET1 capital ratio, income, impairments, market income, regulatory changes

Barclays profits plunge with 40 percent

News | E-invoicing, SCF & E-procurement | 30 Apr 2020

UK-based bank Barclays has announced profits plunged 40% in the first quarter of 2020 as the economic impact of coronavirus battered its customers and prevented them repaying their loans.

Barclays, COVID-19, coronavirus, loans, banks, credit card, SMEs, CBIL, capital, UK, Bank of England

China's Pinduoduo receives USD 1.1 billion in share placement

News | Ecommerce | 01 Apr 2020

Pinduoduo, a Chinese ecommerce company, has raised USD 1.1 billion in a private share placement, bolstering its ability to finance growth, despite recent market volatility.

Pinduoduo, funding, ecommerce, China, private share placement, finance, capital

Visa signs partnerships for women's empowerment

News | Payments General | 09 Mar 2020

Visa has announced two new partnerships bolstering the company’s commitment to women’s economic empowerment. 

Visa, Hand In Hand International, IFundWomen, funding, capital, payments , partnership, economy