CNBC reports that less than a year after raising capital at a valuation of $3 billion, bitcoin player BlockFi is on the verge of being acquired by FTX for as little as $25 million. 

Friday could see the signing of an agreement before the end of the quarter, according to sources cited by CNBC.

Only days earlier, FTX had provided BlockFi with an emergency $250 million line of credit. 

ZoodPay entered into another strategic partnership agreement with Iraq Electronic Gate for Financial Services Company SWITCH®, a leading payment gateway licensed by Mastercard International and Visa International, which facilitates e-payment services across the country. 
 

Azentio Software, a Singapore-headquartered technology firm owned by funds advised by Apax Partners, is pleased to announce it has achieved high rankings across multiple categories in the IBS Intelligence (IBSi) Sales League Table (SLT) 2022, which identified prominent banking solutions that made their mark in 2021. 

Nuapay has revealed that U.K. businesses have seen payment decline rates increase by an average of 37% following the enforcement of Strong Customer Authentication (SCA) rules on Mar. 14.

As the cost to business continues to compound, EML commissioned data highlights the importance of merchants acting now to review the technology used at checkout. Open banking payments offer a secure, efficient and cost-effective alternative to traditional cards.

ScienceLogic, a leader in AIOps and another hybrid cloud IT management solutions, announced today the expansion of its global footprint to South Africa. The move follows a sharp rise in market demand for comprehensive managed services as organisations adopt AIOps to deliver better digital experiences for employees, remote operations teams, and customers undergoing large-scale digital transformation.

Worldline, a global leader in payment services, announces the completion of its acquisition of Eurobank’s Merchant Acquiring business in Greece. Effective as of 30 June, Worldline has formed a joint venture with the bank in which it will hold an 80% stake in the new company in Greece.

Online payments are becoming an integral part of every consumer’s daily life. The challenges posed by recent crises in global market accelerated the growth of fintech companies and gave birth to new ones, thus offering diverse options for making purchases online. The needs and requirements of a modern customer are getting sophisticated, including data protection, multi-currency options, and unique user experiences.

Caroline Murphree has joined Moneybox, the award-winning digital wealth manager, as Managing Director of Investing Retirement and Savings.

According to the Wall Street Journal, Klarna is nearing a capital round that would reduce the BNPL giant's valuation from $45.6 billion to roughly $6.5 billion. 

The Journal reports that Klarna is attempting to raise $650 million, most of which will come from Sequoia Capital, the company's largest investor. 

When the company was riding the buy now, pay later wave, its $639 million investment round in June of last year's valuation represented a significant discount. 

TPAY MOBILE, the leader in mobile payments in the Middle East, Africa, and Turkey (META), today announces it has appointed Gaston Aussems, previously CEO of Mollie, as CEO, effective 4th July 2022.

Founder and current CEO, Sahar Salama, will move into a Group Chairwoman position and will be working closely alongside Gaston Aussems over the coming months to ensure a smooth leadership transition for the fast-growing company.