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Pomelo raises $35m for credit-building remittance product

/startups

Pomelo raises $35m for credit-building remittance product

US startup Pomelo has raised $35 million in a Series A funding round for its credit-building remittance app and card.

/payments

Sopra Banking Software taps Paymentology for card issuing services

Sopra Banking Software (SBS), a leading provider of banking software solutions, and Paymentology, a global issuer processor, are thrilled to announce a transformative strategic partnership aimed at delivering comprehensive card issuing services within SBS's next-generation SBP Digital Core platform.

/payments

SoftSpace opens JCB payment gateway in malaysia

Soft Space Sdn. Bhd. (Soft Space), the world’s leading fintech-as-a-service (FaaS) provider, and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd. (JCB), announced the launch of the first ever JCB payment gateway in Malaysia.

/payments

Clearhaus to enter UK market via Manchester-based fintech Ryft

Manchester-based innovative fintech Ryft, announces a new partnership with Clearhaus, allowing the Danish acquirer to leverage its technology solutions and cater to digital platforms and marketplaces.

Mastercard launches virtual card app to simplify travel and business expenses

/payments

Mastercard launches virtual card app to simplify travel and business expenses

HSBC Australia and Westpac have signed on as the first banks to offer a new Mastercard app that enables virtual commercial cards to be added to digital wallets.

Wagestream raises £17.5m

/inclusion

Wagestream raises £17.5m

Financial wellbeing app Wagestream has raised £17.5 million in a funding round joined by a British Business Bank subsidiary.

/payments

Marqeta to deliver branded debit to early wage access vendor Rain

Marqeta, the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced its new partner Rain, a financial wellness benefits provider that helps companies give employees greater control over their finances.

Ramp sees valuation bounce back on $150 million raise

/payments

Ramp sees valuation bounce back on $150 million raise

Finance automation and corporate credit card startup Ramp has raised $150 million in a funding round co-led by Khosla Ventures and Founders Fund.

/payments

Fime to support set up of UAE’s domestic card scheme Jaywan

Fime has been selected by Al Etihad Payments, a subsidiary of the Central Bank of the UAE, to play a key role in the establishment of the UAE’s domestic card payment scheme, named Jaywan.

PayPal Ventures leads €18 million series A extension in Pliant

/payments

PayPal Ventures leads €18 million series A extension in Pliant

PayPal Ventures has led an €18+ million Serie A extension for Berlin-based corporate card platform Pliant as it prepares for expansion into the UK.

TokenEx and Ixopay to merge

/payments

TokenEx and Ixopay to merge

Cloud tokenisation provider TokenEx has agreed a merger with payments orchestration platform Ixopay. Financial terms were not disclosed.

/payments

Klarna Card waitlist opens in US

Klarna, the AI powered global payments network and shopping assistant, today announced it has opened its waitlist for the new Klarna Card to all US consumers.

/payments

Visa bundles products for 'click-and-mortar' retailers

With a new fast-growing segment of ‘Click-and-Mortar™, shoppers who rely on digital features to shop both online and in-store, merchants are managing complex technology as they work to provide consistent payment experiences.

/payments

JPMorgan using Codat data API product to drive adoption of virtual card for B2B payments

Codat, a leading business data API provider, announces the launch of its new Supplier Enablement data product.

/Cards

Codat data product helps issuing banks accelerate from cheques to virtual cards

Codat, a leading business data API provider, announces the launch of its new Supplier Enablement data product. This product enables businesses to more easily share their spend and supplier data from ERP (enterprise resource planning) systems and accounting software.

/payments

Rapid Finance partners Galileo for SMB prepaid card programme

Rapid Finance, a small business banking platform helping small businesses find customized financing solutions, in collaboration with Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced the launch of the Rapid Access Mastercard.

/people

Lloyds Bank names Linda Weston head, commercial cards

Lloyds Bank Appoints New Head, Linda Weston, as Head of Commercial Cards. Starting in June, Linda will be based in London and report into Chris Loring, Managing Director, Lending & Working Capital.

/retail

Nubank Ultravioleta enters travel segment

Nubank Ultravioleta, the exclusive experience for high-income Nubank customers, announces its entry into the travel segment with the pre-launch of its Global Account, in partnership with Wise Platform, Wise’s market-leading global infrastructure solution for banks and large companies.

/payments

Airwallex rolls out Borderless card in Canada

Airwallex, a leading global payments and financial platform for modern businesses, today introduced the Airwallex Borderless Visa® Card in Canada.

/people

Mastercard shuffles leadership

Mastercard has announced a realignment of its teams centered on three interdependent areas of Core Payments, Commercial & New Payment Flows and Services. These changes will enable further alignment to accelerate growth and deliver value for stakeholders.

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