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. 

Today, Spenda, a B2B payment and lending solutions provider, has announced a full company rebrand that represents and aligns the continued evolution and growth of the business.

The new logo takes on three different variations, including:

Reliability in financial systems and ergo financial products and apps is essential to deliver the user experiences and reliability needed for commercial success. If we look at this underlying technology (that is hidden away from the end user’s interactions) it’s a critical factor in enabling growth and gaining a competitive advantage. In this article, I will outline four must-have characteristics that you should have in your tech stack to make it in modern fintech.

Financial institutions commonly face a range of IT-related challenges. These range from an ever-changing threat landscape to a lack of IT resources and shrinking budgets. These challenges are often heightened because of siloed technology and processes. 

Leading fintech company, AutoRek, is delighted to have been recognised at the Systems in the City Financial Technology Awards 2022 in both the ‘Best CASS Solution’ and ‘Best Wealth Management Solution’ categories and are excited to have achieved the accolade ‘Best CASS Solution’ for the third consecutive year. 

Staff at Paylink Solutions are hoping to raise thousands of pounds to split across two charities this year.

The Grantham-based fintech will raise funds for national mental health charity Mind and tech-based charity Computer Aid throughout the remainder of the year, with their first challenge, a bike-a-thon, taking place in July.

The global broker OctaFX and Great Vision Charity Association, a sister non-government organisation of Great Heart, partnered during this Ramadan to provide twelve-month allowances to six students pursuing different degrees in Malaysian universities.

Last week’s news that the Payment Systems Regulator (PSR) plans to review rising card fees from the major card schemes post-Brexit, is a stark reminder of the need for choice - both for merchants and consumers - when it comes to payment methods. 

Leading payment infrastructure company Mercuryo has welcomed steps taken by the EU yesterday to agree on a regulatory framework for the crypto sector and calls on other regulators to follow suit to provide much-needed clarity for businesses and consumers alike.