Teampay Raises USD47M in Series B Funding

Partnerships 

Paymentology Customer, Tweeq, Among First Fintechs in Saudi Arabia to Receive License from Saudi Central Bank

The financial industry is rightfully alarmed by the increase in both the amount and sophistication of data-centered attacks – primarily ransomware. 

We’ve all read the news. This is no longer a question of if, but how. 

The last two weeks have not been good for the reputation of blockchain industry. The collapse of the crypto exchange, FTX, has put bad actors and the unregulated trading of cryptocurrency into the spotlight. In more regulated spheres, we saw the $250m write-off by the Australian Securities Exchange (ASX) that pulled the plug on its supposed, world-leading blockchain project.

Tonik Financial Pte. Ltd. (Tonik), the parent company of Tonik Digital Bank, Inc. in the Philippines, has entered into a landmark agreement with Tendo Payment Solutions Pte. Ltd. (Tendo) to acquire its Philippine business, operating under the brand name “TendoPay”.

This deal, which is subject to approval of relevant government authorities, is set to further cement Tonik’s leading position in digital credit inclusion in the Philippines.

Teampay, a New York-based provider of a purchasing platform, raised $47M in Series B funding.

The round, which brought total funding to $65M, was led by Fin Venture Capital, with participation from Mastercard, Proof Ventures, Trestle, and Espresso Capital.

TS Imagine, a global leader in trading, portfolio and risk management solutions for capital markets, has announced the appointment of David Haynes to head up the Quality Assurance Team in New York.

As the head of Quality Assurance, David will be responsible for all aspects of the QA process for both Trading and Risk.

For as long as we can remember cash has always played a prominent role in society. The process of making transactions for goods and services with physical money has been the norm for much of our lifetimes.

But the rise of technology has opened doors to a multitude of innovative ways to not only make payments but to eliminate the need to carry a physical wallet. We see this in the form of digital wallets, which store all of a consumer's payment information securely and compactly on a mobile device.

Examine how firms can adapt to regulatory change, monitor and control their supply chains, manage concentration risk, enable greater resiliency, and respond to emerging cyber threats.