Latest E-commerce News: Finextra Research

Company update/payments

EMS appoints chief executive

European Merchant Services (EMS) has appointed Joachim Goyvaerts (44) as Chief Executive Officer.

02 September 2022

Wayflyer, scores $253m debt financing

Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, has secured a $200mn (plus $53mn mezzanine) debt financing facility from Credit Suisse.

01 September 2022

Company update/payments

Marketplace payments platform Ryft secures seed investment

Ryft, the revolutionary PSD2 compliant payments system, has raised a large seed round, led by SFC Capital, the UK’s most active seed-stage investor.

01 September 2022

News/payments

SumUp launches e-wallet app

London-based mPOS unicorn SumUp is expanding into the B2C payments space through the launch of a digital wallet with integrated loyalty scheme.

01 September 2022

News/security

Visa tokens overtake physical cards in circulation

Visa has issued its four billionth network token for e-commerce payments, surpassing the number of physical cards it has in circulation worldwide.

26 August 2022

News/payments

Aussie buy-to-earn startup Hello Clever raises A$4.5m

Hello Clever, an Australian 'buy-to-earn' startup that gives shoppers real-time cashback, has raised A$4.5 million in seed funding.

24 August 2022

News/payments

Prometeo launches Latin America's first A2A payments platform

Prometeo Open Banking has launched what it claims is the first pan-regional Account-to-Account (A2A) payments offering in Latin America.

22 August 2022

Company update/startups

CabbagePay arrives in major US cities

FinTech startup CabbagePay has officially launched in major US cities with its goal to redefine the way money moves for all businesses, as it continues to penetrate brands, stores, websites, and apps.

19 August 2022

News/payments

Adyen share tumble on H1 results

Shares in Adyen fell by more than 10% in morning trading as strong first half revenue growth was offset by squeezed profit margins. Separately, the Dutch payments processor has unveiled its own range of in-house designed terminals.

18 August 2022

Company update/startups

Paysend launches UK store for SMEs

Paysend, the UK-based fintech with over 7 million customers, today announces the launch of Paysend Store for UK merchants.

18 August 2022

Company update/payments

Aussie payments provider Pin Payments expands to New Zealand

Australia’s online payments provider Pin Payments has recently expanded its offering to New Zealand.

18 August 2022

Company update/people

AstroPay names Sofía Lanza chief banking officer

AstroPay, the payment solution of choice for millions of users globally, has appointed Sofía Lanza as Chief Banking Officer, as the company moves forward with its expansion plans into new markets and verticals.

11 August 2022

News/people

E-commerce lender Clearco axes 125 jobs

Canadian e-commerce lender Clearco is laying off 125 people - about 25% of its workforce - as it faces up to a slowdown in the sector and the wider economic downturn.

02 August 2022

Company update/payments

Rakuten Viber taps Rapyd for in-app payments

Rapyd, the leading global fintech platform, is partnering with Rakuten Viber, a worldwide leader in private and secure messaging and voice-based communication, to introduce in-app payment transactions to the Viber app and its millions of users.

29 July 2022

Company update/payments

B2B payments platform Balance closes $56m Series B

Balance, the leader in B2B marketplace and eCommerce payments, today announced a $56 million Series B fundraise, bringing the company’s total funding to $87M. The round was led by Forerunner Ventures with support from Salesforce Ventures, Hubspot Ventures, Lyra Ventures, and Gramercy Ventures.

26 July 2022

Company update/payments

Alipay announces measures to support merchants' digital transformation

Alipay, the leading digital open platform, today announced a number of measures to build up its efforts to support merchants as their operations become increasingly digital.

21 July 2022

News/startups

Charles raises $20m to unlock e-commerce in WhatsApp

Conversational commerce startup Charles has raised $20 million in Series A funding to help European sellers benefit from e-commerce in WhatsApp.

21 July 2022

News/payments

Google Wallet starts rolling out worldwide

The new Google Wallet has begun appearing on phones in dozens of countries as the tech giant tries to reboot its mobile payments system.

20 July 2022

News/payments

Southeast Asian countries prep QR code payment interoperability

The central banks of five major Southeast Asian countries are working to link up their QR code-based payments systems, according to Bloomberg.

20 July 2022

Company update/payments

Payments startup mx51 raises $32.5m

Payments technology company mx51 has successfully raised $32.5 million in a Series B round led by an undisclosed global fintech investor. Major existing investors including Mastercard, Acorn Capital, Commencer Capital, Rampersand and Artesian participated in the latest financing.

19 July 2022