Cross-border payments startup Nala is attempting to raise $120 million in its next funding round. The Tanzania-based company aims to reach that goal by selling an equity stake of 10% to 15%, Bloomberg reported Wednesday (Feb. 26). Nala founder and CEO Benjamin Fernandes said the...
Payments firm Unzer has debuted a pay-by-bank tool in conjunction with Mastercard. Unzer Direct Transfer, announced by the Berlin-based company Thursday (Feb. 27), is an open banking-powered method that lets consumers pay directly from bank accounts without needing a credit or debit card. “With Unzer Direct Bank Transfer, we’ve launched...
Thoma Bravo has closed a fund of 1.8 billion euros ($1.89 billion) dedicated to European software deals. The private equity group announced the fund — its first for the region — on Tuesday (Feb. 25), saying it was targeting middle-market software firms across Europe. “Our first dedicated pool...
Suppose a construction company in Singapore that’s juggling projects from high-rise apartments to infrastructure development is feeling the pinch of rising interest rates and unpredictable material costs. They need to manage cash flow to reduce costs and navigate shifts in the business cycle. Now suppose...
January 17, 2025
With the Digital Operational Resilience Act (DORA) now in effect, organizations must pivot from preparation to active compliance and ongoing risk management, That’s according to Carl Leonard, EMEA cybersecurity strategist at Proofpoint. In an interview with PYMNTS, Leonard said that true organizational resilience requires ongoing effort beyond compliance, with regular risk assessments and integration of […]
December 02, 2024
Digital wallets have become a key tool for German consumers, especially for online shopping and banking. Consider that 71% of consumers in Germany used a digital wallet in some way...
October 03, 2024
Embedded lending options are proving to be critical lifelines for individuals and the smallest businesses — particularly in an uncertain macro environment marked by relatively high interest rates. “Many times...
July 29, 2024
While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is...
March 04, 2025
Analysts expect Societe Generale’s digital retail unit to boost business as a whole. That’s according to a report Tuesday (March 4) by Bloomberg News, citing a note from Jefferies analysts. They project that a decline in costs for BoursoBank, the French bank’s digital retail side, will help drive profitability. The analysts project that the bank as a whole […]
February 27, 2025
Cross-border payments startup Nala is attempting to raise $120 million in its next funding round. The Tanzania-based company aims to reach that goal by selling an equity stake of 10%...
February 27, 2025
Payments firm Unzer has debuted a pay-by-bank tool in conjunction with Mastercard. Unzer Direct Transfer, announced by the Berlin-based company Thursday (Feb. 27), is an open banking-powered method that lets consumers pay directly from bank...
February 25, 2025
Thoma Bravo has closed a fund of 1.8 billion euros ($1.89 billion) dedicated to European software deals. The private equity group announced the fund — its first for the region — on Tuesday...
