Remittance corridors that connect African nations to economies in Europe, the Middle East and the U.S. provide a vital lifeline for many individuals moving money across borders. Now, a new wave of FinTech firms are increasingly challenging the dominance of traditional cross-border transfer solutions like...
Stephan von Erffa, Wirecard’s former head of accounting, has reportedly admitted to forging documents in the case that has been going on for several years now, the Financial Times reported Monday (July 4) citing sources close to the case. He has been one of three...
A rout in the stock market is causing troubles for private equity as valuations fall, The Wall Street Journal wrote Monday (July 4) — and many companies are delaying their plans to go public. The valuations aren’t down all the way across the board, though...
Big retailers like Target and Walmart have been seeing large amounts of excess inventory — which could be a good thing for companies helping to do away with the oversupply, The Wall Street Journal reported Monday (July 4). Some companies, including Liquidity Services, Xcess Limited...
United Arab Emirates (UAE)-based digital bank YAP has raised $41 million in funding and is looking to raise another $20 million for further expansions, Reuters wrote Monday (July 4). The company reportedly plans to use these funds to grow its business, expanding its footprint into...
London-based subscription payment platform Raylo has raised £6.5 million ($7.87 million) in additional funding, which will help it expand its data and engineering teams and accelerate the debut of a subscription pay service, according to a Tech Funding News report Monday (July 4). Raylo also...
London-based invoice intelligence platform Xelix has raised $5 million in a Series A round, according to a Thursday (June 30) company press release. Xelix, which provides accounts payable (AP) solutions, plans to use the new money to bring more products to market and grow its...
Juragan Material, an Indonesian construction-focused platform, has raised $4 million in a seed round, Tech in Asia reported Monday (July 4). The company operates a B2B marketplace that helps source building material from suppliers, providing customers with access to 180 brands and over 9,000 SKUs,...
For the latest edition of "The Real-Time Payments Tracker," PYMNTS brought in executives from Payrailz and Jack Henry & Assoc. to learn how third-party organizations are enabling small and midsized FIs to offer competitive real-time payments options.
