News
EMTECH Joins The Digital Dollar Project’s Inaugural Sandbox
CBDC solutions provider EMTECH has been selected as one of four technical vendors participating in The Digital Dollar Project’s (DDP) Technical Sandbox Programme. The company will contribute to the programme with its API-based and energy efficient central bank digital currency
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BNPL Firm Ratio Raises US$11M Funding and US$400M Credit Facility
Buy now, pay later (BNPL) solutions company Ratio has raised U$11 million in venture funding and a US$400 million credit facility for customer financing from investors such as Streamlined Ventures, Cervin Ventures, 8-Bit Capital, and HoneyStone Ventures. Founded in 2021,
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CYBERA Raises Additional US$5M to Disrupt Financial Cybercrime
CYBERA Global Inc. has secured an additional US$5 million in what it says was an oversubscribed equity round led by Converge VC and New North Ventures. Founder Collective, Swiss venture capital firms Serpentine Ventures and CV VC, as well as
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BNPL Players Need to Pivot Now as Lenders’ Profit Margins Shrink
The Consumer Financial Protection Bureau (CFPB) published a report offering key insights on the Buy Now, Pay Later (BNPL) industry. The following are 10 notable points from the study. 1. The five firms surveyed in the report originated 180 million
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Brazil’s EBANX to Expand Payments Solutions to South Africa, Kenya and Nigeria
Brazilian payments company EBANX announced plans to expand its operations and payments solutions outside Latin America for the first time to Africa, with a focus on South Africa, Kenya, and Nigeria. The three countries are said to account for 32
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Payments Group PayU Finalises Acquisition of Colombia’s Ding to Expand to LATAM
Netherlands’ PayU has received the endorsement of Colombian regulatory authorities to acquire local electronic payment and deposit specialist Tecnipagos, better known as Ding. Based in Bogota, Ding allows merchants to make electronic deposits like they would with a savings account,
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16 Highlights From the United States’ First-Ever Digital Assets Framework
US government agencies have submitted nine reports to date in response to President Biden’s Executive Order on Ensuring Responsible Development of Digital Assets published in March 2022. Highlights from the reports include: Protecting consumers 1. The Securities and Exchange Commission
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Asset Management Platform Ethic Raises US$50M Series C From UBS Next
New York-based asset management platform Ethic has closed a US$50 million Series C funding round led by the Jordan Park Group, with participation from UBS’ venture unit UBS Next. The round also saw participation from existing investors including Oak HC/FT,
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Bottomline Acquires Nexus Systems to Boost Its Paymode-X B2B Payments Network
Payments solutions provider Bottomline has acquired real estate payments software company Nexus Systems for an undisclosed amount. This acquisition will combine Nexus’ capabilities, customers and suppliers with Bottomline’s Paymode-X B2B payments network, extending the network’s capabilities in the real estate
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J.P. Morgan to Acquire Renovite to Bolster Its Payments Modernisation Strategy
J.P. Morgan has signed an agreement to acquire payments technology company Renovite to bolster the firm’s payments modernisation strategy and support its journey to the cloud. Upon closing of the transaction, Renovite will become part of J.P. Morgan Payments, which
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