Cloud related deals in the payment industry decreased in H1 2021
Cloud related deals made up 5.3% of all deals announced in the banks, payment providers, cards programmes and processors sector in the first six months of 2021. This represents a…
Deals
Payment platform Citcon raises $30m
Citcon, a payment platform that integrates digital wallets, has secured $30m in Series C financing…
Stripe signs deal to buy payment reconciliation startup Recko
Irish-American digital payments firm Stripe is set to buy India-based Recko, which offers payments reconciliation software for digital businesses, for…
Volante Technologies lands $10m investment from Wells Fargo
American fintech firm Volante Technologies has raked in $10m from the growth capital unit of US banking group Wells Fargo.…
UK payment startup Primer secures $50m funding to drive growth
London-based payment startup Primer has raised $50m in a new funding round at a $425m valuation to expand its global…
India’s Cred rakes in $251m at $4bn valuation
Indian fintech Cred has reportedly secured $251m in a Series E round, more than doubling its valuation to $4.01bn from…
Worldline finalises takeover of Handelsbanken’s Nordic activities
French payment services provider Worldline has concluded the acquisition of Handelsbanken’s card acquiring activities in the Nordic region. The deal, which forms part of the firm’s wider European consolidation strategy,…
GPS raises over $300m to fuel growth and technology development
Payment technology platform Global Processing Services (GPS) has raised over $300m to accelerate its growth and technology development. The funding comes from Advent International and Viking Global Investors, who will…
Standard Chartered joins BNPL fray with $500m Atome investment
British banking major Standard Chartered has made a strategic investment of $500m in Atome Financial as part of a ten-year multi-product strategic partnership. Atome Financial operates buy now pay later…
Western Union completes acquisition of minority stake in stc Bank
The Western Union Company has completed its acquisition of a 15% stake in Saudi Arabia-based stc Bank for $200m. The deal was first announced in November last year. stc Bank,…
Indian payments platform Salt bags pre-seed financing to expand team
Salt, an India-based cross-border payments platform for businesses, has received $500k pre-seed investment from several angel investors as well as founders of various Indian startups. Founded last year, the Bangalore-based…
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