Mobile point of sale (POS) specialist CardFlight has gained over $4m in a Series A funding round, as it looks to grow its engineering team and launch its EMV mobile acceptance solutions in the United States.
Adyen, the company that processes payments for companies such as Netflix, Facebook and Spotify, has received funding from a secretive wealth management company that counts Facebook and Twitter/Square CEOs as some of its clients.
The retail shopping app that gives users cash back when they shop, received $40m in Series C funding led by Netscape founder Jim Clark. The company said it will use the money to help aggressively scale its mobile loyalty platform.
Safe.Cash Technologies, a California-based digital tokens group, has raised over $1m from multiple FinTech leaders as it looks to release its digital token encryption platform later this year.
Alibaba and its financial affiliate Ant Financial have agreed with One97 Communications to make a strategic investment in Paytm, India's largest mobile payment and commerce platform.
Given the incredible amounts that have been invested in Asian e-commerce companies this year, it should come as no surprise that they make up nearly half of Asia's top 20 unicorn startups.
The CDC Group, the UK government’s development finance institution, has led a $55m investment round in Daraz, an online retailer in Asian frontier markets.
The total amount of London's FinTech deals, including stock market listings, direct investment and acquisitions, has surpassed $18.4 billion (£11.9bn), according to research from consultancy firm William Garrity Associates.
As we approach the end of the year and the mid-point of September, data suggests that investing attention has turned away from mainstream payment methods towards companies offering alternative ways of paying. In mind of that, here are five Bitcoin companies that have secured the biggest investments of September so far.
Abra, a payments startup based in Silicon Valley, has raised $14m in venture financing during its Series A funding round. Leveraging blockchain technology, Abra hopes to challenge banks and financial institutions within the payment processing market.
A senior payment professional has revealed that Open Banking, GDPR and 3D Secure 2.0 dominate client conversations while Strong Customer Authentication (SCA) is not a priority despite the deadline for compliance fast approaching.
