News

Investments
Minka Raises $24M for Clearinghouse and Central Bank Modernization
April 28, 2022

Colombia-based FinTech Minka on Thursday (April 28) grabbed $24 million in capital through a funding round that it will use to continue the modernization of its clearinghouse and central banks infrastructure and grow its network with a full-service publishing and money-moving platform. Get the Full...

eCommerce
Digital Wholesale Marketplace Faire Expands to Australia
April 28, 2022

Online wholesale marketplace Faire has rolled out in Australia to independent brands and merchants, the platform’s first move outside of North America and Europe, according to a press release Wednesday (April 27). Get the Full Story Complete the form to unlock this article and enjoy...

Investments
Digital Freight Forwarding Company OnePort 365 Grabs $5M in Seed Funding
April 28, 2022

Digital freight forwarding company OnePort 365 grabbed $5 million in seed funding that it will use to improve its efficiency and lower its overhead on cross-border trading across Africa and deliver new services to increase profitability, according to a Tech Funding News report Thursday (April...

Mobile Payments
MercadoLibre’s Payments App Packs Lucrative Wallop in Latam
April 28, 2022

MercadoPago, the payments division of MercadoLibre — a Latin American eCommerce giant akin to Amazon — is now one of the company’s most profitable units, the Financial Times (FT) reported Thursday (April 28). Get the Full Story Complete the form to unlock this article and...

B2B Payments
Companies Use Instant Payments to Recruit, Retain Employees
April 28, 2022

Companies now recognize that they can unlock numerous benefits by modernizing and digitizing how they disburse funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

IPO
FinTech IPO Index Continues Free Fall Amid Conflicting Signals on Consumer Spend, Earnings Season
April 28, 2022

Down 7.5% for the week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive...

Payment Methods
Zai Offers CurrencyFair Money Transfer System to US Customers
April 28, 2022

Embedded finance provider Zai has launched its CurrencyFair money transfer service for customers across the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Banking
Tink Expands Open Banking Services Across Europe
April 28, 2022

European open banking platform Tink is taking its Payment Initiation Services (PIS) product to five new markets — the Netherlands, Norway, Estonia, Finland and Latvia, per a blog post on Wednesday (April 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Pinterest Makes Itself More Shoppable as Platform Positions Commerce to Pick up Ad Slack
April 28, 2022

Moving deeper into its shift from social sharing and lifestyle app to a product discovery platform, Pinterest is putting commerce at the center of 2022 growth plans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...