London
Payments Provider SumUp Raises €750 Million in Debt Facility
London-based global payments service provider SumUp announced that it has raised a €750 million facility from Goldman Sachs, Temasek, Bain Capital Credit, Crestline, and funds managed by Oaktree Capital Management. The current round was oversubscribed due to high demand from
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ICC and Finastra Team up To Close the Growing Trade Finance Gap
The International Chamber of Commerce (ICC) and Finastra, a London-based financial services software and cloud solutions provider, have committed to a strategic initiative to tackle the growing trade finance gap. Both organisations are orchestrating an ecosystem and exploring the development
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BNP Paribas Launches Instant Payments for European E-Commerce Merchants
Token, a London-based open banking payments platform, and BNP Paribas, announced the launch of online payments service to combine the power of SEPA Instant and PSD2 APIs, two major initiatives from the European Payments Council. Developed with Token, BNP Paribas
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UK Digital Bank Starling Raises £272 Million Funding, Secures Valuation of £1.1 Billion
UK digital bank Starling announced a £272 million (US$ 376 million) Series D funding round led by Fidelity Management & Research Company. The new investment values the company at £1.1 billion (US$ 1.5 billion) pre-money. The funding will be deployed
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SETL Hires Former SWIFT and Ripple Exec as Head of Payments
SETL, a London-based settlement and payments infrastructure provider, announced the appointment of Marjan Delatinne to its executive management team as the Head of Payments. Marjan will have the overall responsibility for growing SETL’s payments business, alongside its market infrastructure and
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Skrill Launches New Fiat-to-Crypto Withdrawal Service
Digital payments provider Skrill, part of the integrated payments platform Paysafe, has announced a new feature for its digital wallet that enables users to withdraw funds directly to a cryptocurrency address of their choice. For the first time, Skrill customers
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Personetics Secures $75 Million Funding From Warburg Pincus
Personetics, a Tel Aviv-based global provider of data-driven personalisation and customer engagement solutions for banks and financial services providers, announced it has raised $75 million in funding from Warburg Pincus LLC, a leading global private equity firm focused on growth
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TransferGo Forges Partnership With Thought Machine to Fuel Global Expansion Plans
TransferGo, London-based money transfer company, announced a partnership with Thought Machine, a cloud native core banking technology company, to propel its ongoing product innovation and drive global expansion into new markets. TransferGo said that it will focus on enhancing its
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PPRO Teams up With Banking Circle to Streamline Cross Border Real-Time Payments
PPRO, a London-based payments infrastructure provider has partnered with financial infrastructure provider Banking Circle to enhance the former’s service offering by supporting payment service providers (PSPs) working with cross border e-commerce merchants. With this partnership, PPRO is capitalising on the
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Curve Secured $95 Million Ahead of US Expansion Plans
Curve, a London-based banking platform which allows customers to consolidate multiple cards into one smart card and app, announced it has secured $95 million as part of a successful Series C funding round. This fresh funding brings the total investment
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