Payoneer, the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, today announced the asset acquisition of Israel-based 

Credit card and financial technology company Petal announced today that it has closed a committed $200 million debt facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit.

Knot, the platform that enables card issuers to automatically switch saved payment methods at the request of their users, announced today a $10 million Series A raise led by Nava Ventures, with participation from Amex Ventures, Plaid, and 20+ world-leading CEOs and founders. The funding will be used to scale Knot’s services and accelerate the expansion of its merchant support.

Pockit has raised $10 million in a growth round from some new partners, Puma Private Equity, and The North East Development Capital Fund, managed by Maven Capital Partners and supported by the European Regional Development Fund.

Functional Finance, a software platform that integrates and automates data and reporting functions for insurance companies, announced today that it has secured $8 million in seed capital, plus $2 million in SAFE notes for future equity investments, which will go towards product development and client relationships. The fundraising round was led by venture capital and growth equity firms New Enterprise Associates, Inc.

iDenfy, a global identity verification, fraud prevention, and compliance tool platform, announced joining forces with Payout, a Slovakia-based financial company, providing innovative automated payment workflow solutions. 

Silverbird, the cutting-edge digital payment platform, is pleased to announce the appointment of Yaniv Mazor as their new Interim Chief Growth Officer.

In response to the dynamic landscape of the digital payment industry, Silverbird has taken a strategic step towards enhancing its growth trajectory with the addition of this highly accomplished and seasoned professional.

Research from Freedom Finance, one of the UK’s leading digital lending marketplaces and embedded finance providers, reveals the extent to which the UK’s most valuable retail brands are adopting financial services. 

The analysis reveals three of the top ten most valuable retail brands in the UK1 already offer embedded finance services to customers, while Morrisons is the only retailer in the top 10 not to offer financial services of any sort. 

MoneyFitt™, a Singapore-based FinTech, are excited to announce its official launch in Singapore. MoneyFitt™ aims to empower individuals to take control of their financial well-being by offering personalised tips, a network of trusted experts, and a wealth of educational resources. The launch follows a successful proof of concept project in collaboration with Prudential.

OneSource Virtual (OSV), the leading provider of services for Workday, and an innovator of extensible applications built on Workday technology, announces a first-of-its-kind partnership with Highline, a fintech company transforming payments to benefit consumers and billers alike.