PayTech

Funding Announcement:Solutions by Text (SBT) secured $110 million in growth financing. The round was co-led by StepStone Group and Edison Partners. Stifel...

Acquisition Announcement: PayRetailers is set to acquire Transfeera, a Brazilian payment processing and bank data validation platform. Operational Continuity: Transfeera will continue to...

Company: Nuvei, a Canadian payments processor. New Hire: Gang Wang, former head of payment methods at Stripe, was appointed as CTO. Previous CTO:...

Ruling Overview:Agency: US Consumer Financial Protection Bureau (CFPB). Decision: Designates buy now, pay later (BNPL) firms as credit card providers. Reasoning: BNPL...

Partnership Announcement:Entities Involved: LGT (private banking and asset management group) and Finastra (provider of financial technology solutions). Objective: Launch instant payment services....

Overview:Acquirer: Spanish paytech PayRetailers. Target: Transfeera, a Brazilian platform for payment processing and bank data validation.Details of the Acquisition:Assets Acquired: Transfeera’s technology,...

Overview:Participants: Spanish banking giant Santander and payment services firm Iberpay. Scheme: One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) by the European Payments...

Partnership Overview:Emirates NBD, a UAE-based banking group, partners with Pine Labs, an Indian merchant commerce fintech, to enhance merchant acquiring services.Implementation...

Company Overview:French fintech start-up Lydia. Originally launched in 2013 as a P2P payments app. Currently serves 8 million users in France, Spain,...