Playter, a BNPL company based in the United Kingdom, has secured a $55 million loan and equity round led by Klarna, SoFi, and Pipe. 

Adit Venture Capital and Fasanara Capital led the round, and Fin Capital, Act Venture Capital, and 1818 Ventures also participated. The financing follows $1.7 million in seed funding in March. 

Playter offers to assist SMBs minimise their burn rate by allowing for the instalment payment of professional services fees. 

Series B funding was raised by Prime Trust, a one-stop shop for API-based financial infrastructure for fintech and digital asset entrepreneurs. 

The following investors participated in the round: FIS, Fin Capital, Mercato Partners, Kraken Ventures, Commerce Ventures, William Blair & Company, Decasonic, University Growth Fund, Gaingels, GateCap Ventures, and Seven Peaks Ventures. 

SumUp, a London-based mPOS provider, has raised €590 million in a capital round that values the company at €8 billion - a decrease from the €20 billion valuation it sought earlier this year. 

Bain Capital Tech Opportunities led the round, with participation from BlackRock, btov Partners, Centerbridge, Crestline, Fin Capital, and Sentinel Dome Partners funds. 

Driven by two complementary, powerful forces - innovation and regulation - open banking is proving to be a seismic shift for payments across Europe.

Reach, cost, conversion, security and user experience - open banking-enabled account-to-account (A2A) payments outperform traditional payment methods in every respect.

Peer Software today announced the formation of a strategic alliance with Pulsar Security.

Solv, a trusted B2B digital marketplace for Micro, Small and Medium Enterprises (MSMEs), raised US$40 million in Series A funding led by marquee investor, SBI Holdings, with participation from SC Ventures, Standard Chartered Bank's innovation, fintech investment and ventures arm. SC Ventures has played a leading role in building and incubating the Solv franchise.

German BaaS provider Raisin Bank is entering the payments industry after agreeing to acquire a Bankhaus August Lenz division. No financial details were given. 

By acquiring the payments business of the German private Bank, Raisin will be able to offer electronic payment transactions and cash solutions to its partners and their clients. 

Pay Later, Revolut's "responsible instalments payment option," will launch this week in Ireland. 

Pay Later will be the first BNPL product in Ireland with an approved credit limit and affordability. Customers won't be limited to select merchant agreements while using Pay Later. In Ireland, where Pay Later will launch first, 1.9 million adults hold a Revolut account. The challenger bank will sell the product in Poland and Romania by 2022. 

New business finance solution aims to alleviate growing demand for working capital in the UK

LONDON, JUNE 2022: