Australian fintech company Airwallex said on Tuesday (Oct 11) it raised US$100 million in an extension of funding round, sustaining its US$5.5 billion valuation. The Melbourne-based business claimed to have raised more capital from its current backers, including Tencent Holdings, Sequoia Capital China, and Lone Pine Capital. HostPlus, an Australian industry superannuation fund, as well
Uber announced a new partnership with Marqeta, Mastercard and Branch to power the Uber Pro Card, an enhanced loyalty and payments experience that will help drivers and couriers save on gas, fees, and other expenses. Built for drivers and couriers, the Uber Pro Card offers customized perks, including up to 10% cash back on gas and
Buy now, pay later (BNPL) firm Afterpay is launching a new monthly payment option that aims to give consumers greater payment flexibility and responsible spending options ahead of the holiday shopping season. Shoppers who choose Afterpay’s monthly payment option can budget their purchases over a 6- or 12-month return period on purchases ranging from $400 to
UK digital challenger Zopa is in talks to raise $100 million in what could be its final funding round before going public, according to Sky News. The raise, which would value the bank somewhat higher than its £750 million valuation from a £220 million round last October, is currently being discussed by the bank with both new
Bendigo Bank has today launched its new PayTo digital payments service delivering new levels of control and transparency for its online and mobile banking customers. PayTo is a novel, digital means to pre-authorize one-time or recurring payments straight from a bank account. It was created locally utilizing the real-time payment capabilities of the New Payments Platform,
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that PeoplesBank, an independent community bank based in York, Pennsylvania, is live on nCino’s Small Business Banking Solution. The $2.3 billion asset PeoplesBank had previously deployed nCino’s Commercial Banking Solution, creating a single, cloud-based platform to meet the
On stage at Converge22, Circle announced an accelerated crypto payments roadmap enhanced by the recent acquisition of Elements, a merchant and developer-first payments orchestration platform. The announcement includes plans to quickly scale payment offerings to unlock utility value for crypto and lower the barrier of entry for merchants to access next-gen payments and financial services. The new
Smart money app Plum and fintech unicorn Bitpanda have joined forces to make crypto investing available to Plum’s rapidly growing European customer base. The development underlines the growing demand from investors in Europe for easy access to safe cryptocurrency trading that allows them to diversify their investment holdings. Plum’s specialized financial services app is now completely linked with Bitpanda’s
Nova Credit, the world’s leading consumer-permission credit bureau, today announced that it has partnered with HSBC to provide the bank with global access to its cross-border credit data product, Credit Passport, creating more opportunities for credit access to cross-border customers across the globe. Through this partnership, HSBC will have the authorization to access the translated
Esusu Financial Inc. today announced a new collaboration with Fannie Mae to help renters build credit by incorporating on-time rent payments into renter’s credit scores as part of its strategy to advance equity in the housing market. Through this relationship, Fannie Mae will incentivize its borrowers to report on-time rental payments to the three major
Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced the expansion of its relationship with Amazon to Canada, bringing increased payment flexibility and transparency to customers shopping on Amazon.ca. This payment option will be available during checkout to all eligible customers in both English and French within the next month.
Nexi, the leading PayTech in Europe, and Global Blue, the leading technology company in tax‐free shopping and added‐value payments, enter into a strategic partnership aimed at integrating Nexi’s payment solutions directly into existing Property Management Systems (PMS) and Point Of Sale (POS) software platforms. This agreement further strengthens a long‐term relationship on DCC (Dynamic Currency
