Payments News

On The Web

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Deals

Uruguayan Payments Company dLocal Valued at $1.2 Billion in General Atlantic-Led Deal

“Payments company dLocal Group Ltd. became one of Latin America’s best funded venture-backed companies through a new deal that valued the business at $1.2 billion. Montevideo, Uruguay-based dLocal, which helps international companies process payments in emerging markets, raised $200 million in a growth-equity financing round led by General Atlantic, with Lee Fixel’s firm Addition participating.”

On The Wires

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Deals

FLEETCOR to Acquire AFEX, a Leading Cross-Border Payments Provider

“FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced it has signed a definitive agreement to acquire Associated Foreign Exchange (AFEX), a cross-border payment solutions provider. By acquiring AFEX, FLEETCOR will build upon its corporate payments line of business and strengthen its position as one of the largest business payments companies in […]
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Companies

Delivering Instant, Frictionless Payments and Securities Processing

“Over the next two years and beyond, we will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a new strategy approved by our Board.  This strategy will enable the world’s financial institutions to deliver instant and frictionless end-to-end transactions. We will expand beyond financial messaging to provide comprehensive transaction management services. […]
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Domains

Flywire and Mastercard Team Up to Simplify Cross-Border Tuition Payments

“Flywire , a vertical payments company, is partnering with Mastercard to provide students with discounted foreign exchange rates on cross-border tuition payments made with Mastercard. The offer is available during the 2020 Fall term to international students originating from UAE, Saudi Arabia, Qatar, Kuwait, Kenya and Ghana attending any school around the world that offers […]
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Deals

Veem Secures $31M in Strategic Funding Round Led by Truist Ventures

“Veem , the fast-growing global payments network built for businesses, today announced the closing of a $31M capital raise, led by Truist Ventures, the corporate venture capital division of Truist Financial Corporation (NYSE: TFC) — the 6th largest commercial bank in the U.S. This investment will go towards the development of a robust channel partner […]
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Domains

Payoneer for Banks Program Launches Around the Globe

“Payoneer , the digital payment platform empowering businesses around the world to grow globally, announced today Payoneer for Banks, a new program which helps financial institutions provide businesses of all sizes with a seamless way to make or receive cross-border payments. The program already includes partnerships with ten banks and eWallets in ten countries, with […]
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Deals

Thunes Raises $60 M in Series B Funding to Accelerate Global Growth

“Fintech startup Thunes, which operates a global B2B cross-border payments network, continues to attract investment as emerging markets take off. The latest Series B funding round sees Africa-focused Helios Investment Partners leading the US$60 million investment in the Singapore-based company. Additional investors include Checkout.com as well as existing investors GGV Capital and Future Shape.”
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Domains

TransferMate expands North American regulation with Mexico licence approval

“TransferMate, one of the world’s leading cross-border B2B technology payments providers, has today announced a significant boost to its international footprint, securing a new payments licence in Mexico. This authorisation as a money transmitter by Mexico’s National Banking and Securities Commission marks a major milestone on the company’s global growth journey and strategic plan to provide its customers with […]
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Domains

Radius Bank Completes the Full-Circle in Cross-Border Payments

“Radius Bank, the best online US bank of 2020*, and Currencycloud, the leader in providing B2B embedded cross-border solutions, have partnered to offer Radius clients the ability to send money to more than 180 countries. Following increased customer demand for international wire transfers for both their own clients and their Banking-as-a-Service partners, Radius sought to […]