Ryft, the revolutionary PSD2 compliant payments system, has raised a large seed round, led by SFC Capital, the UK’s most active seed-stage investor. Additional investors include the ex-founder of Shutterstock and the founder of LoveFilm. Ryft enables automated next-day payouts for marketplace businesses and their merchants, for a single flat fee per transaction.

Fintech startup Tortoise, a platform that rewards consumers to save up for their  purchases,  has received an undisclosed amount of funding from Sriharsha Majety co-founder / CEO of  Swiggy) and Lizzie Chapman,  co-founder / CEO of Fintech ZestMoney in a mentors round.

UK-based identity tech start-up, OneID®, has gained full ACCS accreditation, meaning its ground-breaking technology is certified to authenticate the age of over 40 million people online in the UK, helping to keep both businesses and consumers safe when operating online.

Moneycorp - a leading global payments services provider - has today announced its launch in France as part of its rapidly expanding European business.

Wave Financial LLC (Wave), the SEC-regulated digital asset investment management company, is pleased to announce that it has acquired a minority stake in FINMA-regulated Swiss-based crypto investment manager Criptonite Asset Management.

Atom bank, the UK’s first app-based bank, has been accredited to the latest iteration of the Recovery Loan Scheme (RLS) by the British Business Bank, and will soon be accepting applications on its award-winning secured lending products.

O-CITY, the automated fare collection provider by BPC, has been accelerating cashless fare collection across Kenya by providing a widely popular service, now digitising payments across over 10,000 Matatu buses. This represents a tenfold increase in Matatu buses using the service since its pilot only a couple of years ago during the COVID-19 pandemic.

South African businesses are at serious risk from rapidly increasing payments fraud – often from within their very own organisations. Ryan Mer, CEO at eftsure Africa,  a Know Your Payee™ (KYP) platform provider says while criminal syndicates behind ransomware and Business Email Compromise (BEC) attacks shouldn’t be ignored, it’s important for organisations, irrespective of size, to tighten the internal controls needed to prevent serious fraud.

Embattled BNPL giant Klarna saw its net losses nearly quadruple in the first half of 2022 on higher credit losses, increased employee costs and investment in market expansion.

In a letter to shareholders, CEO Sebastian Siemiatkowski says the firm has been "operating in a very different environment" in the first half of 2022 as it faced up to the fallout from Russia's invasion of Ukraine, the economic downturn and a "huge shift in investor sentiment".