PhonePe’s Valuation Doubles Over $12BN
The valuation of the Indian fintech giant PhonePe has more than doubled and exceeded $12 billion in a new round of financing.
Fintech & Ecommerce - page 86
BNPL Startup Tabby Raises $58M to Expand Product Line
The $58M funding round will allow Tabby to expand its BNPL offering and support the company’s growing operations
HashKey Capital Raises $500 Million for Web3 Fund
Digital asset manager HashKey Capital will be investing $500 million into advancing blockchain initiatives in emerging markets.
Peel Hunt Analysts Optimistic About Fintech Prospects
Analysts of the Peel Hunt investment bank are convinced that the financial technology industry will actively develop.
Binance Launches Institutional Trading Platform
Almost a year after the service was officially rolled out, Binance finally launched its institutional trading collateral custody platform.
Merchants Will Spend $28B on Financial Crime Prevention Software in 2027: Report
Juniper Research estimates that global spending on financial crime prevention software tools will rise from $22.1 billion in 2023 to over $28.7 billion by 2027
Fintech Kwara Raises $3M Seed Extension, Partners Over 4,000 Credit Unions
Kenyan fintech Kwara, which turns analogue credit unions into modern digital banks, has raised a $3 million seed extension, preparing for the enormous expansion
Seoul Government Opens City’s First Metaverse Project
According to Seoul’s mayor, Oh Se-hoon, the new virtual environment will allow residents to access official documents, file complaints, and receive help with filing taxes.
Alibaba Sells Stake in Paytm
Chinese e-commerce giant Alibaba Group has sold a 3.1% stake in Indian digital payments company Paytm.
TikTok ByteDance Launches Payments With J.P. Morgan
J.P. Morgan works with TikTok’s parent company ByteDance on payment technology.
BNPL Demand Soars in UK
Demand for BNPL (Buy Now Pay Later) solutions rose across all age groups in the UK, as living costs increase
BigCommerce Partners Vyne for A2A Payments
Vyne and BigCommerce partnered to enable e-commerce merchants to improve their sales in a cost-effective way
Fidelity Buys Shoobx
Fidelity Investments acquired Shoobx, a provider of automated money management operations and software for financing private companies.
Axis Bank Partners OPEN for Fully Digital Current Business Account
One of the largest private sector banks in India – Axis Bank – partnered with the digital banking enterprise, OPEN, to provide a fully native digital current account for its business customers
BR-DGE Announces Three-Year Partnership with Visa
Through the partnership, BR-DGE will gain access to open network provided by Visa, expanding the scope of its digital commerce products
BNP Paribas Invests in Fintech
BNP Paribas has become the latest banking giant to invest in AccessFintech.
Fintech & Ecommerce
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