The deal follows BlueKite’s USD1.5m funding last month. The acquisition will allow BlueKite to use RedCycle’s payment technology network, which includes utilities and telecommunications companies in Mexico, Guatemala, El Salvador and other parts of Latin America, to enable emigrates to support families at home.
RedCycle’s founder, Camilo Saravia, will remain head of the company in addition to joining BlueKite’s board as VP of product and biller integrations. BlueKite’s payment platform can be used online, via mobile apps and through a clerk-assisted in-store version.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.