BKN301 - a fintech company developing payment services and Banking-as-a-Service functions - has raised 15 million euros with Series A funding, just after closing the first seed round a few months ago. The acquisition involves essential investors and brings the company to a valuation of 63 million euros.

Today, the largest online payment company in Finland, Paytrail, and Mastercard announced that their collaboration has reached new heights as they’re now enabling more than one million open banking payments every month, led by European open banking leader Aiia, a Mastercard company. Since 2019, Paytrail and Aiia have been collaborating to accelerate open banking-powered payments in the eCommerce checkout flow.

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.