Splitit Payments partnered with THG to offer its monthly payment solution through THG Ingenuity. Melio has closed $110 million in funding at a valuation that the company said was now $1.3 billion. Checkbook has revealed a new partnership with Plaid. PPRO has raised $180 million in financing. BitPay announced the integration of WalletConnect into the BitPay Wallet app. BitPay Wallet app users have direct access to the decentralized exchange, decentralized games, and all that the rapidly evolving $15 billion Decentralized Finance (DeFi) space has to offer. French startup Alma is raising a $59.4 million Series B funding round (€49 million). Paymentology has been selected by Mastercard to join Mastercard’s Fintech Express programme and its Engage Programme. Repay Holdings Corporation announced a technology integration with Billtrust. Expensify announced enhanced invoicing functionality. BlackCart has built a try-before-you-buy platform that integrates with e-commerce storefronts. Licel announced that their product, DexProtector, has become the first software protection tool to be certified by EMVCo.
Splitit Payments, a UK-based provider of monthly instalment payment solution, has announced it has partnered with THG, a global technology platform, to offer its monthly payment solution through THG Ingenuity.
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Melio, which provides a platform for SMBs to pay other companies electronically using bank transfers, debit cards or credit — along with the option of cutting paper checks for recipients if that is what the recipients request — has closed $110 million in funding at a valuation that the company said was now $1.3 billion.
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Checkbook has revealed a new partnership with Plaid, a fintech company democratising financial services through technology.
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PPRO, a payments as a service provider based in London, has raised $180 million in financing led by Eurazeo Growth, Sprints, Wellington, and “one of the world’s largest asset managers” who remains unnamed. This most recent funding round arrives after six months when the company raised $50 million from Sprints Capital as well as Citi Ventures and HPE Growth. PPRO’s valuation is now said to be more than $1 billion.
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BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, announced the integration of WalletConnect into the BitPay Wallet app. BitPay Wallet app users have direct access to the decentralized exchange, decentralized games, and all that the rapidly evolving $15 billion Decentralized Finance (DeFi) space has to offer.
Find details here.
French startup Alma is raising a $59.4 million Series B funding round (€49 million). The company has been building a new payment option for expensive goods. You can choose to pay over three or four installments. This product sounds familiar if you’ve used Klarna in the past. But Klarna isn’t available in France.
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Payment processing platform, Paymentology, has been selected by Mastercard to join Mastercard’s Fintech Express programme and its Engage Programme.
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Repay Holdings Corporation, a leading provider of vertically-integrated payment solutions, announced a technology integration with Billtrust, a B2B accounts receivable automation and integrated B2B payments leader.
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Expensify, the world’s most popular preaccounting platform, announced enhanced invoicing functionality for customers to easily manage their accounts receivable while saving time and money. This update comes shortly after Expensify unveiled support for bill payments, where customers can receive, track, approve, and pay bills. Now, businesses can manage accounts payable and receivable all in one place – making the preaccounting process easier for all.
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A startup called BlackCart is tackling one of the key challenges with online shopping: an inability to try on or test out the merchandise before making a purchase. That company, which has now closed on $8.8 million in Series A funding, has built a try-before-you-buy platform that integrates with e-commerce storefronts, allowing customers to ship items to their home for free and only pay if they choose to keep the item after a “try on” period has lapsed.
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Licel announced that their product, DexProtector, has become the first software protection tool to be certified by EMVCo. A global technical body, EMVCo helps card-based payment products from across the globe to work together seamlessly and securely. It is collectively owned by American Express, Discover, JCB, Mastercard, UnionPay, and Visa. In a world where software-based mobile payments (SBMP) are quickly becoming the norm, EMVCo plays an influential role in establishing Security Evaluation Processes for businesses in this area to follow.
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