Nuvei Corporation, the Canadian fintech company, announced today the completion of the previously announced plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement") pursuant to which Neon Maple Purchaser Inc.

Qover, a leading insurtech company committed to building a global safety net, and Mastercard are joining forces to improve the online shopping experience for Mastercard credit cardholders in Belgium and Luxembourg. With Qover’s platform, Mastercard now offers a return shipping cost protection service that refunds shipping fees when retailers don’t provide free returns. Available now on mastercard.be and mastercard.lu, this protection is unique in Belgium and Luxembourg.

PayJunction, a leading tech-focused payments company, announced today that it has appointed Scott Herriman as Vice President of Engineering. This appointment strengthens PayJunction’s executive leadership as the company continues to rapidly grow and innovate its product capabilities.

Today, PayPal announced a new experience that gives customers an easy way to pool money with friends and family for group gifts, travel, special events or other shared expenses. Rolling out globally across the US, Germany, Italy and Spain, the new experience gives customers the ability to set up a pool in the PayPal app or online, invite friends and family to contribute, track group contributions and transfer funds to their PayPal balance to spend or withdraw.
 

NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced a new five-year agreement to provide Atleos’ Cashzone Network ATMs in the John Lewis Partnership’s Waitrose supermarkets across the UK.

MODIFI, a leading global platform in B2B Buy Now, Pay Later (BNPL) solutions, today announced the successful completion of a $15 million funding round led by SMBC Asia Rising Fund with participation from existing investors Maersk, IntesaSanPaolo, Heliad and other top-tier global investors. Sumitomo Mitsui Banking Corporation (SMBC), one of Japan's leading banks and a major financial force in the APAC region, brings both capital and strategic alignment to the partnership.

Lean Technologies, a Riyadh-based fintech infrastructure platform, has secured $67.5 million in Series B funding led by General Catalyst, a renowned Silicon Valley-based venture capital group. The round also saw participation from Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family Office, Arbor Ventures, and JIMCO, among others. This brings Lean’s total funding to over $100 million to date.

Trolley, a leading global payouts platform, today announced it has raised $23 million USD in a Series B growth equity funding round led by Wavecrest Growth Partners, with participation from existing investor Pace Capital. 

This investment will enable Trolley to accelerate product development, broaden its market presence, and enhance its platform to better serve businesses ranging from startups to Fortune 500 companies.

Pemo has announced a $7 million Pre-Series A Funding round as it seeks to continue its unprecedented growth in the region.

Following two years of remarkable success in the UAE, the leading Dubai-based spend management platform has secured this funding in the wake of achieving a milestone moment of reaching AED 1.4bn in annualized transactions.