cross-border payments
Bitcoin and the Lightning Network are moving payments globally
Welcome back to Chain Reaction, a podcast diving deep into the stories, backgrounds and latest news with the biggest names in crypto. For this week’s episode, Jacquelyn interviewed Jack Mallers, the
Sequoia Capital Southeast Asia backs cross-border payments startup Tazapay
The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means lower costs for businesses, as well as new payment options for hundreds of millions of customers in emer
Thunes integrates with Visa Direct’s digital payments network
Cross-border payments startup Thunes is partnering with Visa in a move that will add more than 1.5 billion new endpoints to Visa Direct’s digital payments network. This enables many more consumers a
Payall lands $10M in a16z-led seed round to help banks facilitate more cross-border payments
When financial institutions want to offer a debit card or credit card, they hire an issuing processor to help them with those services. When they want to offer merchants the ability to accept cards, t
Africa-focused fintech Zazuu raises $2M to scale its cross-border payment marketplace
The remittance inflows to sub-Saharan Africa over the past decade have been on an upward trajectory since 2020; last year, it increased by more than 6% to $45 billion. However, the steady rise of remi
Verto picks up $10M for cross-border payments play in emerging markets
Verto, a global B2B payments platform that allows small and medium-sized enterprises (SMEs) to make payments to their suppliers, today announced that it has closed $10 million in Series A funding. Quo
Zonos banks $69M to develop APIs for democratizing cross-border commerce
Zonos automatically classifies goods and calculates an accurate total landed cost on international transactions.
How Western Union is fighting back against fintech startups
The saying goes that, “You can’t teach an old dog new tricks.” That may or may not be true, but at least one “old dog” is working hard to disprove that saying. Western Union has been operati
Mercuryo raises $7.5M for crypto-focused, cross-border payments after crossing $50M in ARR
Mercuryo, a startup that has built a cross-border payments network, has raised $7.5 million in a Series A round of funding. The London-based company describes itself as “a crypto infrastructure comp
Insight Partners leads $60M growth round in cross-border payments startup Thunes
The world of digital payments is very fragmented, with different types of online bank accounts, digital wallets and money transfer services used in different countries. Singapore-based Thunes, a finte
Uruguayan payments startup dLocal quadruples valuation to $5B with $150M raise
Cross-border payments startup dLocal has raised $150 million at a $5 billion valuation, less than seven months after securing $200 million at a $1.2 billion valuation. This means that the five-year-ol
Thunes raises $60 million for cross-border payments in emerging markets
Thunes, a Singapore-based startup developing a cross-border payments network to make financial services more accessible in emerging markets, announced today it has raised a $60 million Series B. The r
Hong Kong-based EMQ raises $20 million for its cross-border financial settlement tech
Cross-border financial transactions are a major headache for individuals and large companies alike, who often have to deal with long wait times and high fees in order to send money to recipients in ot
Project Ubin, the Singaporean money authority’s blockchain initiative, moves closer to commercialization
The Monetary Authority of Singapore (MAS) and state investment firm Temasek announced today that Project Ubin, its blockchain-based multi-currency payments network, has proven its commercial potential