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Uzbekistan-based digital services ecosystem Uzum has announced that it raised USD 114 million in funding, securing its unicorn status with a post-money valuation of over USD 1 billion.
funding, investment, BNPL, digital payments, digitalisation, SMEs, ecommerce
The Paypers analysed the most relevant investments that were announced during Q4 2023 and discovered a surge in funding for companies operating in Africa, the Middle East, Europe, and North America. Financing rounds indicate a preference for digital lending and banking, payment apps and commerce solutions, and Buy Now, Pay Later services.
investment, funding, expansion, payments , banking, ecommerce, The Paypers Quarterly Analysis series, financial inclusion, SMEs
France-based digital payments company Worldline has entered a strategic partnership with payment firm Opn to solidify its presence in the Asian ecommerce market.
partnership, online payments, ecommerce, cross-border ecommerce, cross-border payments
Global management consulting firm Bain & Company has acquired European provider of artificial intelligence (AI) solutions PiperLab.
acquisition, artificial intelligence, machine learning, data analytics
US-based FedEx has announced the launch of fdx, a data-driven commerce platform, which will provide customers with an end-to-end ecommerce solution.
product launch, payments , online payments, mobile payments, digital payments, ecommerce
India-based startup Udaan has announced a raise of USD 340 million in order to strengthen its supply chain and optimise vendor partnerships.
funding, investment, mobile payments, online payments, digital payments, ecommerce, supply chain finance
Experian has announced its partnership with NeuroID in order to optimise the manner in which customers combat fraud rings and AI-enabled fraud.
partnership, fraud management, fraud detection, online fraud, fraud prevention, artificial intelligence, fraud rings
Germany-based Banxware has announced the raise of EUR 15 million in Series A funding round to expand in other European markets and launch new products.
funding, investment, banking, online banking, digital banking, mobile banking, financial services, financial institutions, SMEs
China-based JD.com has announced the launch of its JD Smart Check, an improved suite of authentication processes, for imported goods in the region.
product launch, fraud management, fraud detection, fraud prevention, online fraud, blockchain
Global professional services company Accenture has acquired OnProcess Technology to leverage its supply chain managed services.
acquisition, supply chain finance, fintech, financial services
Louis Wapler, Senior Consultant at Edgar, Dunn & Company, shares his thoughts on the rise of lending in the B2B sector through BNPL providers, a profitable business model both for issuers and for clients.
payments , payment methods, ecommerce, BNPL, B2B payments, fintech, marketplace, digital payments
Netherlands-based fintech company Factris has announced its expansion in Belgium, in order to provide SMEs with improved and secure financial solutions.
expansion, mobile banking, online banking, digital banking, financial services, financial institutions
Latin American end-to-end spend management platform Clara has launched Clara International Payments to provide customers with cross-border transfers.
product launch, cross-border payments, cross-border ecommerce, mobile payments, online payments, digital payments
The EY organisation has been banned by Apas from taking on listed German companies as new clients for the next two years over flawed work for Wirecard.
compliance, regulation, payments , fraud detection, digital identity, identity theft, digital verification, online security
Amazon has joined and Indian government-backed ecommerce initiative that aims to ‘democratise’ online shopping in the South Asia.
ecommerce, Amazon, online shopping, digital payments, shopping
Japan-based SoftBank has planned to sell 4.5% stake in fintech Paytm, worth USD 215 million at a discount of 7% after the lock-in period.
investment, IPO, fintech, funding, Paytm
The Paypers studied the most relevant investments announced during Q3 2022. While the global fintech industry is growing at a slower pace compared to 2021, BNPL, embedded finance, and lending still seem safe investment bets.
fintech, investment, BNPL, embedded finance, funding, financial services, mobile banking, COVID-19, startup, neobanks, The Paypers Quarterly Analysis series
To what extent is the EU Digital Identity Wallet an implementation of Self-Sovereign Identity (SSI)? INNOPAY experts explore the connections between these concepts.
digital identity, artificial intelligence, e-wallet, fraud prevention, financial crime
INNOPAY experts take a closer look at how divergent the current digital identity landscape in Europe is and highlight some examples regarding digital identity in individual member states.
digital identity, KYC, identity verification, regulation, GDPR, digital onboarding
Kirk Donohoe, co-founder at WhenThen, talks about the innovation a no-code strategy can bring to the payments industry and how to leverage its benefits.
ecommerce, API, online payments, payment processing, payments , payment processor, chargebacks, online fraud, false declines