Payments News

On The Web

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Deals

Altman Brothers Lead B2B Payment Startup Routable’s $30M Series B

“We all know the COVID-19 pandemic has accelerated digital adoption in a number of areas, particularly in the financial services space. Within financial services, there are few spaces hotter than B2B payments. With a $120 trillion market size , it’s no surprise that an increasing number of fintechs focused on digitizing payments have been attracting investor […]
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Deals

Indonesian E-commerce Firm Bukalapak Raises $234 Million

“Indonesian e-commerce company Bukalapak raised $234 million in capital in a funding round led by Microsoft, Singapore sovereign wealth fund GIC, and local media conglomerate Emtek, according to a sale document reviewed by Reuters. The latest funding round comes amid a frenzy of interest from global investors in gaining exposure to the fast growing Southeast […]
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Deals

Temasek-Backed Pine Labs Acquires Asian Payments App Fave

“Pine Labs Pvt , the Indian merchant commerce platform backed by PayPal Holdings Inc. , Temasek Holdings Pte and Sequoia India , has acquired Southeast Asian loyalty and cashback platform Fave to expand its consumer business. The deal is valued at more than $45 million in cash and stock. Following the acquisition, Pine Labs will […]
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Domains

Glitchy Bank Networks Slow India’s Mobile Payments Revolution

“Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There’s just one problem: The networks of India’s biggest banks have struggled to keep pace, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say. The problems […]
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Deals

FIS Ventures Invests in Modulr

“FIS ventures has invested in UK payments-as-a-service platform Modulr. In the four years since its founding, Modulr has established itself as a digital alternative to traditional banks in the wholesale and transaction payments market, which moves $120 trillion each year.Over the course of the past year, the firm has become one of the few non-banks […]

On The Wires

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Domains

AvidXchange Launches New Purchase Order Functionality for Leading Middle Market Accounting Systems

“AvidXchange , the leading provider of accounts payable (AP) and payment automation solutions for the middle market, today announced new purchase order (PO) capabilities for Sage Intacct , Microsoft Dynamics GP , Microsoft Dynamics 365 Business Central , Oracle NetSuite and Intuit QuickBooks . Businesses leveraging these accounting systems now have the ability to match […]
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Domains

Forter Partners With Flutterwave to Drive ECommerce Growth Across Africa and Beyond

“Forter , the leader in e-commerce fraud prevention, has announced a partnership with Flutterwave, Africa’s leading payments technology company. The partnership, the first of its kind in Africa, will enable merchants to accurately identify legitimate buyers from fraudsters, resulting in increased transaction approvals and reduced friction in the purchasing experience, all without the fear of […]
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Deals

Signifyd Closes $205M Investment in Commerce Protection

“With the $205 million funding round that Signifyd announced today, the fraud and consumer abuse leader is among the companies that will lead ecommerce into a new era marked by new consumer habits and new requirements for retailers…In the years since, they have consistently extended the sort of guaranteed protection Signifyd provides merchants. The company’s […]
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Domains

Toast Launches Enhanced Contactless Suite to Help Increase Restaurant Revenue and Support Restaurateurs in Reimagining Hospitality

“Toast , the fastest-growing restaurant management platform, today launched an enhanced suite of contactless and guest-facing solutions to help restaurateurs reimagine operations and reduce overhead as they rebound from the COVID-19 pandemic. Today, Toast debuted updates to its Toast Order & Pay™ solution, including pre-authorization tabs and group ordering. Designed to meet the ever-increasing demand […]
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Domains

Checkout.com Targets $100bn Real-Time Payments Opportunity with Payouts Product Launch

“Checkout.com, the leading cloud-based global payment solutions provider, today announced that it is launching its Payouts Product, enabling merchants to make seamless payments directly to eligible recipients’ cards and bank accounts. The solution will enable merchants to make payouts in real-time[2]to over four billion cards in over 174 countries and seamless payments to local bank […]