London
Funding Circle Launches BNPL Offering ‘FlexiPay’ for SMEs
Funding Circle, a London-based lending platform for small businesses, has jumped on the Buy Now, Pay Later (BNPL) bandwagon with its own offering called FlexiPay. FlexiPay enables businesses to spread any UK invoice or supplier payment over three months, with
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Heroes Secures US$200 Million to Acquire More Amazon Merchants and Upscale Them
Heroes, a London-based e-commerce company which acquires, operates and scales top performing Amazon brands, announced the closing of a US$200 million fundraise from US-based investor Crayhill Capital Management. The fundraise will facilitate the next phase of Heroes’ rapid growth and
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WorldRemit Raises US$292 Million at a Valuation of US$5 Billion, Rebrands as Zepz
Zepz, a digital cross-border payments platform formerly known as WorldRemit, has raised US$292 million in a Series E financing round to achieve a valuation of US$5 billion. The round includes new equity investors Farallon Capital among others, as well as backing
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PayPal Expands Buying and Selling Cryptocurrency Services to the UK
PayPal announced the launch of a new service enabling its customers in the UK to buy, hold and sell cryptocurrency with starts rolling out this week. Customers can choose from four types of cryptocurrencies; Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
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Paysafe’s Acquisition Spree Continues With Germany’s viafintech
London-based payments platform Paysafe has signed an agreement to acquire German fintech company, viafintech, in an all-cash transaction for an undiclosed sum and will be finalised in the coming months. viafintech, known under the brands of Barzahlen/viacash and viacash, offers
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Revolut Taps BearingPoint RegTech To Meet Regulatory Reporting for Its UK Bank
London-headquartered fintech giant Revolut has extended its partnership with BearingPoint RegTech, a Netherlands-based regtech solution provider, to support its United Kingdom (UK) expansion plans. Revolut will be extending the use of the Abacus360 Banking solution as it faces new regulatory requirements
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Paysafe Signs US$441 Million Deal To Acquire LATAM Rival SafetyPay
London-based payments platform Paysafe signed a deal to acquire Latin American digital payments firm SafetyPay for US$ 441 million in an all-cash transaction that is expected to close in the fourth quarter of 2021. Paysafe said in a statement that
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UK Fintech Soldo Raises US$180 Million in Series C Funding Round Led by Temasek
Soldo, a London-based business expense automation platform, announced that it has closed a US$180 million oversubscribed Series C funding round. The fundraise was led by Temasek, a leading global investor headquartered in Singapore. The round includes new investors Sunley House
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Visa To Acquire UK Payments Startup Currencycloud
Visa has signed a definitive agreement to acquire London-based payments startup Currencycloud, Visa announced today. The acquisition builds on an existing strategic partnership between the two companies. Visa had led an $80 million investment round for Currencycloud at the beginning
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Open Banking Fintech Yapily Raises US$51 Million in Series B Fundraise
Yapily, a London-based open banking infrastructure provider, announced the first closing of its US$51 million Series B funding round led by Sapphire Ventures. Existing investors Lakestar, HV Capital and Latitude also participated in the round. With this new round of
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