Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name “TendoPay”.

This deal, which is subject to approval of relevant government authorities, is set to further cement Tonik’s leading position in digital credit inclusion in the Philippines.

Teampay, a New York-based provider of a purchasing platform, raised $47M in Series B funding.

The round, which brought total funding to $65M, was led by Fin Venture Capital, with participation from Mastercard, Proof Ventures, Trestle, and Espresso Capital.

TS Imagine, a global leader in trading, portfolio and risk management solutions for capital markets, has announced the appointment of David Haynes to head up the Quality Assurance Team in New York.

As the head of Quality Assurance, David will be responsible for all aspects of the QA process for both Trading and Risk.

For as long as we can remember cash has always played a prominent role in society. The process of making transactions for goods and services with physical money has been the norm for much of our lifetimes.

But the rise of technology has opened doors to a multitude of innovative ways to not only make payments but to eliminate the need to carry a physical wallet. We see this in the form of digital wallets, which store all of a consumer's payment information securely and compactly on a mobile device.

Examine how firms can adapt to regulatory change, monitor and control their supply chains, manage concentration risk, enable greater resiliency, and respond to emerging cyber threats.

Enhance your open finance strategies to respond to growing customer demands and stay ahead of your competition

KreditBee, one of India’s leading fintech platforms, has secured USD 80 Million as a part of its ongoing Series-D investment round. The current investment saw active participation from existing investors Azim Premji’s Premji Invest, Motilal Oswal Alternates, TPG-backed NewQuest Capital Partners, and Mirae Asset Ventures. The round also saw participation from MUFG Bank, one of the largest financial institutions in the world.

actyv.ai, a category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has appointed two more advisors – R A Sankara Narayanan and Dr Ravi Duvvuru to advise the company on organisation building as well as ensure a strong regulatory and compliance foundation.

Paydock, the payments orchestration platform, has partnered with a major Australian banking group The Commonwealth Bank of Australia (CBA) to launch PowerBoard, a uniquely simple solution for a merchant’s technology integrations, payments, and fraud prevention needs.