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Digital payments alone could become a $100 trillion industry, according to PwC. And that’s just one component of the global Fintech industry. This channel tackles the lenders and buyers, the obstacles and achievements, and the trends and trend makers leading the ongoing technological evolution in global finance.

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FinTech: Pluto Inks Collaboration With Mastercard For B2B Payments In The UAE

December 1, 2023

Pluto, a prominent provider of financial corporate spend management solutions in the UAE, has forged a strategic alliance with Mastercard (NYSE: MA), the global technology giant in the payments sector. The collaboration, unveiled at Abu Dhabi Finance Week, aims to revolutionize B2B payment solutions throughout the GCC region, emphasizing innovation and efficiency.


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More Stories on FinTech

FinTech: Digital Payment Infrastructure Provider Episode Six Launches BNPL, Or B2B Instalments

September 14, 2023

Episode Six (E6) has unveiled “Business Now, Pay Later,” an innovative solution that empowers commercial banks to cater to the financial needs of small and medium-sized enterprises (SMEs) within their business banking channels. This launch comes as a response to the growing demand from SMEs for more adaptable working capital solutions, with 89% of them feeling underserved by their current banks, as highlighted by Capgemini’s 2022 World Payments Report.

FinTech: Hadiel Coop Wins Equity Investment From Qatar Development Bank

September 13, 2023

Qatar Development Bank (QDB) has made a significant investment in Hadiel Coop, a move that holds great promise for empowering a health-sharing concept aimed at households, communities, and gig-workers. In today’s challenging economic landscape, characterized by inflation, unemployment, and soaring healthcare costs, accessing essential healthcare has become increasingly difficult. This problem is particularly acute in emerging economies like Nigeria, where a lack of funding often leads to unmanaged health crises or reliance on friends and family during medical emergencies.

Fintech: Payhawk And Lune Make It Easier For Companies To Take More Sustainable Decisions Related To Company Spending

September 12, 2023

Payhawk, a provider of spend management solutions, has introduced “Payhawk Green,” a platform feature set aiding companies in sustainable spending decisions and Scope 3 emissions. Scope 3 emissions include indirect value chain emissions like business travel, transport, fuel, and capital goods. These features ensure compliance with UK and EU sustainability regulations and support internal initiatives such as emission offsetting.

FinTech: Kedaara Capital Invests $229M In Indian B2B SaaS Fintech Perfios

September 11, 2023

Perfios, a prominent B2B SaaS fintech company in India, announced that Kedaara Capital, a leading private equity investor, is set to invest a substantial $229 million in the company through a combination of primary funding and a secondary sale. This marks one of the most substantial investments in an Indian B2B SaaS company for the year.

FinTech: BNY Mellon Unveils Bankify For Businesses To Receive Payments From Consumers’ Bank Accounts

September 8, 2023

BNY Mellon (NYSE: BK) has introduced Bankify, an innovative open banking payments solution in collaboration with Trustly. This solution allows organizations to seamlessly receive consumer payments from bank accounts while ensuring guaranteed funds for business receivables. Bankify combines BNY Mellon’s expertise in transaction payments with Trustly’s leading open banking capabilities.

FinTech: Australian Watchdog Hauls PayPal To Court Over Contract Terms That Are Unfair To Small Businesses

September 7, 2023

PayPal (NASDAQ: PYPL) is facing legal scrutiny from the Australian Securities and Investments Commission (ASIC) over a contract clause that allows the company to retain fees charged incorrectly to customers if the errors go unnoticed for more than two months. ASIC has taken legal action, asserting that this clause, present in over 600,000 PayPal contracts with Australian businesses, should be considered “unfair” under the ASIC Act and invalidated by the court.

FinTech: Barclays Mulling Sale Of Stake In Payments Unit To Strategic Partner

September 6, 2023

Barclays Plc (LON: BARC) is considering selling a stake in its UK payments processing unit, aiming to find a strategic partner to help expand the business and potentially raise capital. The size of the stake to be sold is yet to be determined. This business segment could be valued at around £2 billion ($2.5 billion) based on estimated earnings.

FinTech: Swiss Asset Securitization Fintech GenTwo Raises $15M

September 5, 2023

GenTwo, a Swiss B2B Fintech platform specializing in securitization of bankable and non-bankable assets, has secured a USD 15 million Series A funding round led by Point72 Ventures from the US. Following this investment, Pete Casella, Senior Partner and Co-Head of Fintech investments at Point72 Ventures, joins GenTwo’s board of directors.

FinTech: Trustly Acquires SlimPay To Provide A Pan-European Recurring Payments Service

September 1, 2023

Trustly, a global payment method, is partnering with SlimPay, a European leader in recurring payments, to enhance the world of recurring payments in Europe and the UK. This collaboration will combine SlimPay’s platform with Trustly’s proprietary technology to create a new and exceptional payment experience in the region.

FinTech: JPMorgan Chase Hikes Stake In Brazilian Digital Bank C6 To 46%

August 30, 2023

JPMorgan Chase (NYSE: JPM) is set to increase its ownership in C6 Bank, a Brazilian bank, from 40% to 46%, pending regulatory approval. This move follows an initial investment announced in June 2021. No financial details of the latest investments were made available.

FinTech: Citi Acquires A Stake In Peruvian FX Fintech Rextie

August 25, 2023

Citi (NYSE: C), a global leader in foreign exchange (FX) markets, has strategically invested in Rextie, Peru’s leading fintech for FX services, marking a pivotal development in the financial landscape. This significant investment not only enhances Rextie’s prospects but also propels its clients’ experience with quicker services and highly competitive currency exchange rates, all powered by Citi’s cutting-edge FX technology. Rextie aims to expand its reach and services by seamlessly integrating Citi’s advanced FX capabilities.

Digital Assets: Solana Pay, A Payment Protocol Based On The Solana Blockchain, Integrates Into Shopify

August 24, 2023

Solana Pay, a decentralized payments protocol built on Solana by Solana Labs, has integrated with Shopify Inc. (NYSE: SHOP), a global commerce company. This integration enables millions of businesses to use Solana Pay as a payment option. Solana Pay offers real-time access to funds, improved working capital management, and direct payment settlement using USD stablecoins (USDC) compatible with Solana.

FinTech: Indian Prime Minister Modi Extols Virtues Of India’s UPI Payment System At BRICS Summit

August 24, 2023

Indian Prime Minister Narendra Modi has suggested that member states of the BRICS bloc should adopt India’s successful Unified Payments Interface (UPI) system for instant payments. He emphasized India’s leadership in digital transactions and highlighted the widespread use of UPI across various sectors within the country, from street vendors to large shopping malls. Prime Minister Modi was speaking at the BRICS Business Forum in South Africa.

FinTech: Klarna Clocks Solid Growth In Europe In Q2

August 23, 2023

Klarna, the AI-powered global payments network and shopping assistant, has experienced strong growth in Europe, with a 14% year-over-year increase in Gross Merchandise Volume (GMV) in Q2. This growth surpasses the 1% growth rate in e-commerce during the same period.

Venture Capital: Spend Management Platform Ramp Lands $300M Funding Round

August 23, 2023

Ramp, a finance automation platform, has secured $300 million in Series D funding to drive its expansion into new sectors. The funding comes after the company achieved a 6x growth in purchase volume since its last funding round, highlighting the increasing demand for its software that enhances financial efficiency for businesses.

FinTech: Mastercard, and Careem Team Up To Boost Real Time Payments In the UAE

August 21, 2023

Mastercard (NYSE: MA),, and Careem have collaborated to introduce a groundbreaking initiative aimed at enhancing real-time payments in the UAE. Careem Pay users in the UAE can now benefit from almost instant payments through the integration of Mastercard Send into the Careem Pay platform. This collaboration seeks to offer faster, more convenient, and secure money transfers and daily service access within the Careem app.

Digital Assets: Ledger and PayPal Integrate For Crypto Transactions

August 18, 2023

Ledger and PayPal (NASDAQ: PYPL) have joined forces to simplify the process of entering and transacting in the world of cryptocurrency. The integration allows users to conveniently and securely transact cryptocurrencies through the Ledger Live companion app.

FinTech: UK Establishes New £1B Fund To Maintain Fintech Lead And Provide Growth Capital To UK Startups

August 17, 2023

The UK has launched a £1 billion fintech investment fund, supported by companies including Mastercard (NYSE: MA), Barclays (LON: BARC), Natwest Group (NYSE: NWG), Peel Hunt (LON: PEEL), and the London Stock Exchange Group (LON: LSEG). The Fintech Growth Fund aims to provide capital to growth-stage financial technology companies that struggle to reach scale and pursue public listings.

FinTech: Crypto Network Stellar Buys Piece Of MoneyGram International

August 16, 2023

Stellar, a cross-border cryptocurrency payments network, has strategically invested in MoneyGram International, a prominent money transfer company, solidifying their years-long collaboration. Although the exact monetary value remains undisclosed, this move accentuates Stellar’s dedication to digital advancements in the fintech realm.

FinTech: d.light Lands $30M For Low-Cost Solar Devices In Tanzania

August 15, 2023

d.light, a global provider of affordable household products and financial solutions for low-income households, has successfully secured a $30 million securitization facility from the Eastern and Southern African Trade and Development Bank Group (TDB Group), with the potential to acquire up to $125 million of receivable assets.

FinTech: Mastercard Buys Stake In MTN’s Fintech Unit For Undisclosed Amount

August 14, 2023

Mastercard (NYSE: MA) is set to acquire a minority stake in the financial technology division of MTN (JSE: MTN), South Africa’s largest mobile company, which focuses on payments and remittances. The valuation of this division is over $5 billion. The investment is expected to be finalized soon and is seen as a significant step in MTN’s fintech services expansion.

FinTech: Africa-Focused, Mobility Financier Moove Raises $78M

August 11, 2023

African-founded mobility fintech, Moove, has secured a substantial investment to further its mission of revolutionizing financial services for mobility gig workers. The company has raised a total of $76 million in new funding, comprising $28 million in equity from both existing and new investors, $10 million in venture debt from funds managed by BlackRock, and an undisclosed $38 million raised over the past year.

FinTech: SumUp Amasses $100M Firepower To Lend To UK Merchants

August 10, 2023

SumUp has introduced a novel cash advance solution for merchants to address the escalating costs of running their businesses. This offering, known as SumUp Cash Advance, involves the repayment of advances through transactions carried out on SumUp’s card readers. To facilitate the launch and implementation of this initiative, SumUp has secured a credit facility of $100 million from Victory Park Capital (VPC), an alternative investment firm.

FinTech: Sweater Launches Platform To Boost Inclusivity In Venture Investing

August 9, 2023

Sweater, a pioneering fintech company, has unveiled an innovative venture, the Public VC Funds platform, which marks a breakthrough in the traditional venture capital landscape. This groundbreaking offering enables qualified partners to establish their own venture capital funds, opening the doors for participation by their communities and the general public, regardless of accreditation status.