Gaviti Raises $9 Million in Series A After Helping Clients Collect $6.2B in Account Receivables in 2021

FinTech startup Gaviti helps companies recoup outstanding receivables with their automated platform. “In 2021, our clients recovered $6.2 billion in A/R Receivables by streamlining an otherwise tedious process,” said Yan Lazarev, Co-founder & CEO of Gaviti.

New solution assists clients with their working capital needs whilst also supporting their sustainability goals

Citi has today announced the launch of its Sustainable Trade and Working Capital Loans (Sustainable T&WC Loans) solution in Europe, Middle East and Africa (EMEA), Latin America (LATAM) and Asia Pacific (APAC) regions.

Data science and financial services veterans join team of directors steering Duco as the company grows into a trusted enterprise platform and fulfils its vision to disrupt and lead the data automation market. 

Duco, a leading cloud-based data automation company backed by private equity firm Nordic Capital today announced that it has named Uwe Weiss, Linda Middleditch and Spencer Lake to the company’s board of directors. 

Stockholm-based Brite Payments is delighted to confirm the launch of ‘Single Sign’, the innovative one-step solution for instant bank payments. 

Based on the Open Banking framework, the Brite Payments solution facilitates account-to-account payments, without the need to input card or personal data.

PayPoint has today announced a £750k investment in Optus Homes, a leading app for tenants to manage their home rental account. The deal will see the PayPoint Group make an investment in the company, building on the recently-signed commercial partnership positioning PayPoint as the preferred payment provider within the app.

Uplinq Financial technologies (Uplinq) has raised USD $3.5 million in a pre-seed funding round led by noted venture capital investors, N49P and Surface Ventures, alongside a veritable ‘who’s who’ list of leading individual Fintech investors. The business will use the investment to further its commitment to help banks and lenders deliver financial inclusion for their small business customers across the globe.

Trading volumes on popular meme stock Gamestop (GME) rose by 194% in the last two weeks on investment trading platform Capital.com, suggesting meme stocks continue to retain their appeal even after Reddit’s WallStreetBets hype last year. 

It’s been a year since every merchant across France, Germany, Italy and Spain — the EEA’s largest digital commerce markets — started complying with PSD2. Here at Forter, we analysed our data to determine what merchants are doing to comply with PSD2, asking, “has it reduced fraud rates?”

Origins of PSD2 and the use of 3DS

Fintech Week London 2022, the leading event for the fintech community, has re-appointed SkyParlour as its official PR and media relations partner.

Referral Arrangement to Facilitate Clients’ Real-Time B2B Settlement

Citibank N.A. Pakistan (“Citi”) announced today that it has entered into a referral arrangement with Haball Pvt Ltd (“Haball”) providing corporate clients a digital receivables solution which enables real-time reporting and reconciliation.