Online payment technology company Credorax has raised funding from Mobile Internet Capital. The firm processes online payments for merchants and accepts MasterCard and Visa credit cards with chip and pin authentification.
“We are very pleased to have Credorax join our portfolio of companies,” said Mikihide Katsumata, President and CEO of Mobile Internet Capital. “Based on Credorax’s success in Europe’s cross-border e-market, and more recently their innovation and traction in mobile payments, we believe the company has the potential to become a key acquirer in Japan.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
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.