Mobile payment platform, Paydiant, has raised USD15m in funding from one of its Fortune 500 customers, bringing its funding total to USD35m.
Existing investors include North Bridge Venture Partners, General Catalyst Partners and Stage 1 Ventures also participated in the round. Paydiant’s payment platform works with existing point-of-sales terminals and can be implemented into already existing apps of retailers and banks.
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.