online payments

Chilean instant payments API startup Fintoc raises $7 million to turn Mexico into its main market

Fintoc's API lets online businesses accept instant payments coming directly from the customer's bank account. This method, known as A2A, offers an alternative to credit card transactions.

Enterprise e-commerce in 2022: As TAM expands, the platform wars are heating up

2022 is turning out to be a phenomenal year for enterprise e-commerce platforms. The pandemic was a reckoning for corporations ambivalent about e-commerce, and the result of that is evident.

Block launches Cash App Pay beyond the Square network

Block’s (formerly known as Square) Cash App is now letting users make payments on e-commerce sites outside the Square network. Until now, users could only make payments using Cash App Pay on Squ

PayPal debuts ‘Grant Payments’ to shift charitable giving from paper checks to electronic transfers

PayPal is expanding further into the charitable donations business with this morning’s launch of support for Grant Payments, the company has announced. The new product has been created in partne

SoftBank, Sequoia China back this ERP startup enabling China’s online exporters

Thanks to cross-border e-commerce platforms, China continues to be a major exporter of consumer goods for the world in the online shopping age. It’s not just marketplaces like Amazon and AliExpr

Google backs Indian rewards payments startup Twid

Twid, an Indian startup operating a rewards-based payment platform, has raised $12 million to scale its network of merchants and issuers and expand its solution in the South Asian market. Rakuten Capi

Jack Ma to give up control of fintech giant Ant Group: WSJ

China’s billionaire tech boss Jack Ma plans to cede control of Ant Group, the fintech powerhouse closely affiliated with Alibaba, the e-commerce giant he founded, The Wall Street Journal reporte

Looks like (some) neobanks will be OK after all

There's some good financial news brewing for neobanks: new data indicates that at least some of the larger and better-known neobanks are going to be OK after all.

Dutchie Pay wants to help you stop paying in cash for your cannabis

Dutchie Pay is a payment solution designed for the very specific requirements of the legal cannabis market in the U.S. but also indicative of the wider problems faced by cash-based businesses.

Stripe is the latest fintech to falter, taking a 28% internal valuation cut

Stripe is the latest high-profile fintech company to experience a significant valuation cut as the market downturn begins to hit the sector especially hard. Last valued at $95 billion, the payments pr

DEUNA enters Latin America’s crowded one-click checkout sector flush with $37M

The company is targeting the region's challenges of customer acceptance, conversion and fraud with its "Commerce 3.0" payment infrastructure. 

What’s a fintech even worth these days?

Fintech was the hottest thing around last year, a fact that may now turn into a venture capital and startup headache.

Fintech Kasheesh wants financially strained customers to say ‘bye’ to BNPL

Buy now, pay later (BNPL) products have become incredibly popular with users, and both startups and tech behemoths such as Apple have taken notice. But BNPL companies have attracted some controversy,

UK-based Playter closes $55M round for its BNPL platform aimed at SMEs

Europe has no shortage of buy now, pay later startups and a quick search is revealing. Berlin-based fintech startup Mondu has taken in €39.9 million to expand its B2B BNPL solution. Madrid’s RITMO

SumUp raises $624M at $8.5B valuation, with its payments and business tech now used by 4M SMBs

A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment terminals. Today, the London-based company has expanded

Thepeer, an API-based startup that connects African businesses, raises $2.1M, led by Raba Partnership

Thepeer, an African tech infrastructure startup connecting businesses’ wallets, has raised a $2.1 million seed round led by the Raba Partnership. The news comes a year after the startup raised $220,

Klarna’s potential valuation cut to $15B appears sufficiently steep

The Wall Street Journal recently reported that Klarna, a European buy now, pay later (BNPL) provider, is considering raising capital at a valuation of around $15 billion. The new figure is both a dram

Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank. 

PayPal expands its ‘pay later’ options with a more flexible ‘PayPal Pay Monthly’ service

After Apple shook up the buy now, pay later market with news that it would now be a competitor to established firms, PayPal this morning is introducing another buy now, pay later product to follow the

MFS Africa raises additional equity and debt capital to take its Series C to $200M

Pan-African digital payments network MFS Africa has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital
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