Mexican B2B paytech company Yaydoo has acquired Oyster Financial, a startup specializing in financial services for small and medium-sized businesses, to strengthen its presence in Latin America. With the acquisition for an undisclosed sum, Oyster CEO Vilash Poovala becomes Yaydoo's chief technology officer (CTO).
The fourth funding round since 2018 was led by CommerzVentures, Middle East Venture Partners, and Arzan Venture Capital. The company announced on Sunday that Egyptian FinTech company Money Fellows had raised $31 million to diversify its service portfolio and expand in Africa and Asia.
Tymit is a credit company that offers traditional credit cards and a “buy-now-pay-later” service. The UK-based FinTech has now closed a $26 million funding...
The construction financing platform Hypofriend (website) is launching a spin-off. With Pensionfriend, the creators want to sell low-cost private pension insurance. But the ambitious plans raise questions. Nick Mulder is founding a new startup. Together with his father, Chris Mulder, the entrepreneur has already built up a fintech without millions of investors.
A few days ago, CoinsPaid, including CryptoProcessing, issued a press release claiming to be the world's largest crypto payment ecosystem. It had processed over €16 billion worth of crypto in total and continues growing by nearly €1 billion per month in the declining market. In Q3 2022, CoinsPaid allegedly processed 4.9 million transactions worth approximately €3 billion.
Sightline Payments, a FinTech unicorn focused on payment technologies for the gaming industry, has completed a strategic investment from J.P. Morgan Payments. Under the deal, Sightline will work with J.P. Morgan Payments to develop an integrated omnichannel solution for resort and online gaming companies serving the spa, entertainment, and hotel ecosystem. The size of the investment was not disclosed.
Three former executives of Russian online bank Tinkoff, George Chesakov, Pavel Fedorov, and Raffy Montemayor, have raised $16 million to launch a fintech startup focused on Southeast Asia, initially targeting the Philippines, they announced.
Fintech pioneer and serial entrepreneur Bill Harris launched Nirvana Money, an accessible credit card product designed to simplify money management for middle-income people. The company plans to combine the best features of a credit card, bank account and rewards program into a single card.
Argentine B2B paytech company Menta has closed a $6 million seed round led by Base10 Partners, with subsequent support from Pear VC, MatterScale Ventures and Gilgamesh Ventures. Menta is a plug-and-play solution that provides financial services to B2B companies.
