H&M Says Tech Investments Help Sales Climb 12%
The Swedish chain of clothing stores H&M recorded an increase in sales and an unexpected increase in profits.
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FTX EU Launches Withdrawal Website
FTX branch has launched a dedicated website allowing its European customers to submit withdrawal requests
Japanese VCs Join €3 Million Growth Round in Sweden’s Open Payments
The Swedish fintech company Open Payments announced the completion of a round of financing for 3 million euros.
Paytrix Secures $18.3 Million Series A Funding
Paytrix, an embedded payments company for fast-growing vertical software platforms, announced that it managed to raise $18.3 million in investment funds following the results of the Series A funding round.
LeapXpert Raises $22 Million for Finserv Messaging Platform
LeapXpert, a provider of business communication solutions, announced the attraction of investment funds in the amount of $ 22 million following the results of the Series A+ financing round.
African Neobank Payday Raises $3 Million for Expansion
The fresh funding will help the ambitious Payday to scale its platform and reach more Africans, not only on the continent but around the world
Fintech Farm Launches Neobank in Vietnam
A new fintech product from Fintech Farm that came to the Vietnamese market has Ukrainian roots
Xapo Bank and Circle Integrate USDC Payment Rails as Alternative to SWIFT
Xapo Bank partnered with Circle to offer USDC deposits and withdrawals in an attempt to bypass the cumbersome and expensive SWIFT payment system
Ingenico Acquires Phos
The deal continues Ingenico’s strategic expansion and complements its PPaaS (Payments Platform as a Service)
Brightwell and Visa Team Up for Cross-Border Payments Programs
Brightwell’s ReadyRemit platform will be enhanced with the Visa Direct functionality, providing additional benefits for customers’ cross-border payments programs
Apple Pay Later Launches
Apple has launched the Buy Now, Pay Later service in the United States.
Thunes Bags $30 Million in Ongoing Investment Round
Thunes, a Singapore-based company that specializes in providing financial services for making cross-border payments, announced the attraction of $30 million in investment funds during an ongoing funding round.
UK Government Abandons Sunak’s NFT Plan
The UK government has decided not to implement the plan of the country’s Prime Minister Rishi Sunak, which provides for the Royal Mint to commit to creating an interchangeable token.
UAE Rolls Out Digital Dirham Project
The Central Bank of UAE is ready to start with its Central Bank Digital Currency (CBDC) implementation. The Digital Dirham project will employ G42 Cloud and enterprise blockchain firm R3
Fintech Spiral Raises $28 Million for B2B
Spiral startup, which is based in New York, announced that it managed to attract investment funds in the amount of $ 28 million to launch the Impact as a Service platform.
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