Travelex, a market leading foreign exchange brand, has partnered with the National Bank of Cambodia to start trading Cambodia’s national currency, the Khmer Riel (KHR), at Singapore’s Changi Airport. 

Stash, a fintech app focused on investing, recently secured $40 million through a convertible note, a form of short-term loan that can be converted into equity later. T. Rowe Price, an early and existing supporter of the company, led this funding round.

CEO Liza Landsman explained that employing convertible notes allows Stash to extend its path to profitability without needing to establish a valuation, providing adaptability in the current market climate.

Medius, a leading provider of AP Automation and wider Spend Management solutions, today announces its partnership with global recovery audit service provider, Caatalyst, signaling its first step into AP Audit Profit Recovery. 

Payments 20 (P20), the leading voice of the global payments industry, has published a new report entitled ‘

Payments solutions provider Monavate signals accelerated growth and launches a new Supply Chain Payments division, to bring simplicity and clarity to B2B companies that are slowed down and burdened by unnecessary complexity and friction in payments practices in their sectors. Monavate has appointed Anant Patel, an established payments expert with over two decades of global experience, as President of the new division.

The buy-now-pay-later company Waylog was founded in 2022. Since its inception, the company's total lending has grown from 20 million to 500 million SEK, and they have expanded to four new markets. A key factor behind Waylog's rapid growth has been their early partnership with Froda as a financing partner, providing them with easy access to capital. The partnership is part of Froda's international expansion journey.

GUUD, a leading player in the cross-border trade technology space, has officially launched its revolutionary eWallet solution GFAST as part of its Trade Finance Application Portal (TFAP) offerings. 

Ecommpay, a leading international payments service provider and direct bank acquirer, launches Open Banking Select - the latest addition to Ecommpay's integrated Open Banking payment suite. It offers greater control and scale over payment routing options, a consistent user experience, and all the features of Open Banking Advanced.

The European Investment Bank (EIB) and Commerzbank are entering into a new cooperation in the form of a guarantee programme to support medium-sized businesses. Companies with between 250 and 3 000 employees can apply for long-term loans through Commerzbank. As part of the cooperation, a total of €400 million will be made available to these companies. The EIB will provide guarantees covering up to 50% of the loan amount.