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Hokodo raises USD 40 mln Series B

News | Payments General | 23 Jun 2022

UK-based fintech Hokodo has completed its Series V funding round, securing USD 40 million to support the expansion into new European markets.

BNPL, funding, expansion, merchant

SumUp closes EUR 590 mln funding round

News | Payments General | 23 Jun 2022

SumUp, a UK-based company, has closed in on a major round of funding of EUR 590 million (USD 624 million).

funding, acquisition, expansion, financial services, digitalisation

Prime Trust raises over 100 USD mln in Series B round

News | Payments General | 23 Jun 2022

Prime Trust, a US-based provider of financial infrastructure for fintech and digital asset innovators, has raised over USD 100 million in its Series B funding round.

fintech, funding, expansion, digital assets, cryptocurrency exchange

Helicap raises USD 5 mln to democratise access to private markets

News | Online Payments | 23 Jun 2022

Private investment platform specialised in alternative lending space in Southeast Asia, Helicap, has announced it raised USD 5 million in strategic funding from two global asset management powerhouses.

digital assets, asset recovery, crowdfunding, funding, SMEs, SME lending

Visa, First Abu Dhabi Bank, DBWC launch She's Next initiative in UAE

News | Cards | 23 Jun 2022

Global digital payments processor and card scheme Visa has announced the launch of its first She’s Next initiative in UAE, aiming to economically empower local women entrepreneurs. 

partnership, SMEs, SME lending, card scheme, payment processor, funding

Neobank StashFin raises USD 270 mln

News | Payments General | 22 Jun 2022

Singapore-based neobanking startup StashFin has raised USD 70 million in equity funding led by Uncorrelated Ventures and around USD 200 million in debt through Fasanara Capital, with participation from Abstract Ventures.

neobanks, startup, funding, expansion, data

Papaya Global acquires Azimo

News | Online Payments | 22 Jun 2022

Payroll provider company Papaya Global has announced the expansion of its products and services for business customers around the world through the acquisition of digital money transfer platform Azimo.

acquisition, supplier onboarding, merchant onboarding, digital onboarding, SaaS, online payments, instant payments, real-time payments, e-wallet, digital payments, funding

Playter secures USD 55 mln to expand its B2B BNPL platform

News | Payments General | 22 Jun 2022

UK-based BNPL provider Playter has raised a USD 55 million funding round from the backers of Klarna, SoFi, and Pipe.

BNPL, subscription payments, lending, funding, expansion

FinBox raises USD 15 mln

News | Payments General | 21 Jun 2022

FinBox, an India-based B2B credit infrastructure fintech, has announced a fundraise of USD 15 million.

funding, expansion, B2B payments, fintech, BNPL

Fido raises USD 30 mln in Series A round

News | Payments General | 21 Jun 2022

Ghana-based fintech Fido has raised USD 30 million in a Series A round led by private equity fund Fortissimo Capital, with participation from Yard Ventures – a VC fund by Harvard alumni.

fintech, funding, product launch, expansion, payments

Appletree Digital Commerce to offer USD 5 bln to African SMEs

News | Ecommerce | 21 Jun 2022

Ecommerce company Appletree Digital Commerce has launched its One Million African Traders Online (TOMATO) solution to address the lack of opportunities for SMEs available in Africa.

funding, crowdfunding, SMEs, SME lending, ecommerce, financial inclusion, digitalisation

UK's app Cleo raises USD 80 mln

News | Online & Mobile Banking | 20 Jun 2022

UK-based financial app Cleo has raised an additional USD 80 million following backing by tech investor Sofina.

funding, investment, personal finance management, wealth management

PayGlocal raises USD 12 mln

News | Online Payments | 20 Jun 2022

India-based startup PayGlocal has secured USD 12 million in funding to enable merchants to accept cross-border payments in their preferred currency.

merchant, startup, cross-border payments, funding, fraud prevention

API startup Formance secures USD 3.1 mln pre-seed

News | Payments General | 20 Jun 2022

France-based payment flows API startup Formance has raised USD 3.1 million to scale up its product offering and onboard new marketplaces and fintechs.

API, funding, startup, marketplace, fintech, payment processing

Settle secures USD 280 mln credit to support ecommerce brands

News | Ecommerce | 17 Jun 2022

US-based payments startup Settle has raised USD 280 million in debt to expand support for emerging ecommerce businesses.

ecommerce, funding, lending, cash management, growth markets

Choco Up rolls out Choco Payment by Stripe for online merchants

News | Online Payments | 17 Jun 2022

Singapore-based fintech Choco Up has launched Choco Payment, supported by Stripe to provide revenue-based financing to businesses with recurring revenues.

API, data analytics, funding, ecommerce, payment processing, omnichannel

Lemonero receives EUR 12 mln in funding

News | Payments General | 17 Jun 2022

Czech Republic-based embedded financing platform for ecommerce Lemonero has raised a EUR 12 million investment to expand in Europe and develop new products.

lending, funding, expansion, ecommerce, marketplace

Narmi fintech raises USD 35 mln in Series B

News | Online & Mobile Banking | 16 Jun 2022

US-based fintech Narmi has closed a USD 35 million Series B funding round co-led by Greycroft, NEA and Picus Capital, bringing Narmi’s cash raised to date to approximately USD 60 million.

funding, digital banking, online banking, API, digital payments

PayCargo startup raises USD 130 mln in latest funding round

News | Payments General | 16 Jun 2022

PayCargo, a startup that offers a payments and data insights platform for logistics companies, has raised USD 130 million as it expands into new regions across Asia, the Middle East, and LATAM.

funding, investment, payment methods, e-invoicing

Airbank raises USD 20 mln in Series A funding round

News | Payments General | 15 Jun 2022

Germany-based Airbank has raised USD 20 million in a Series A funding round led by Molten Ventures.

funding, expansion, banks, financial services, fintech