Payments News

On The Web

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Deals

Nium Crosses $1B Valuation With $200M Riverwood Capital-led Round

“Business-to-business payments platform Nium announced Monday that it raised more than $200 million in Series D funding and saw its valuation rise above $1 billion. The company, now Singapore-based but shifting to the Bay Area, touted the investment as making it “the first B2B payments unicorn from Southeast Asia.””
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Deals

South African Payments Startup Yoco Raises $83M Series C Backed by Dragoneer

“Small and medium enterprises (SMEs) contribute heavily to the economic success of many countries, particularly those in the developing world. They are the backbone of most economies: Globally, SMEs represent about 90% of existing businesses and create more than 50% of employment. In South Africa, these businesses contribute around one-third of the country’s GDP. Last […]
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Deals

African E-wallet Startup PayQin Closes €300K Seed Round

“PayQin, a cross-border payment startup that operates a comprehensive e-wallet service for the underbanked in West Africa, is announcing a new €300K seed investment round that takes the company’s funding up to $1 million. The company aims to reach one million daily transactions in a year and envisions a single payment area for the West […]
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Deals

Paystand Banks $50M to Make B2B Payments Cashless and With No Fees

“It’s pretty easy for individuals to send money back and forth, and there are lots of cash apps from which to choose. On the commercial side, however, one business trying to send $100,000 the same way is not as easy. Paystand wants to change that. The Scotts Valley, California-based company is using cloud technology and […]
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Deals

UnionPay-IATA Partnership Gives Card Users Broader Access to Purchasing Tickets Online

“UnionPay International (UPI) announced today the cooperation with the International Air Transport Association (IATA) to launch multiple UnionPay payment products on the IATA Financial Gateway (IFG). UnionPay cardholders can now make easy reservations via all airline distribution channels including travel agents and mobile apps of international airlines that accept UnionPay products.”
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Deals

Stellar Foundation Eyes Potential Acquisition of MoneyGram: Report – CoinDesk

“Stellar Development Foundation has contacted MoneyGram International about a potential purchase of the 81-year-old remittance giant, Bloomberg reported on Wednesday. Stellar is partnering with private equity firm Advent on the possible deal, according to unnamed sources cited in the article. Stellar and Advent could decide not to push forward with the acquisition. In May, San […]
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On The Wires

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Deals

Visa to Acquire Currencycloud

“Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. The acquisition builds on an existing strategic partnership between the two companies and values Currencycloud at £700 million, inclusive of cash and retention incentives. […]