Deel, the leading global HR and payroll platform, today announced a $300 million strategic investment from new investor Ribbit Capital along with long-time Deel partners Andreessen Horowitz and Coatue Management with additional support from General Catalyst, Green Bay Ventures and more. Deel’s new valuation is $17.3 billion.  

Sentiment around expense policies is creating ‘blurred lines’ of understanding within UK businesses, resulting in employee inaction and feelings of stress, according to new data from the spend management provider, Soldo. 

Employee confusion - the overlooked blind spot

Bank payment company GoCardless has elevated two executives to its newly formed EMEA leadership team as it seeks to expand its footprint in the market.

Borja Valiente has been named VP of Sales and General Manager, EMEA and Hamish Wood as the VP of Customer Success, EMEA. The two will be part of a new, integrated go-to-market team responsible for driving the company’s expansion across the UK, Ireland and continental Europe.

Primer, the unified infrastructure for global payments and commerce, has announced the launch of its enhanced Checkout, making it easier than ever for merchants to create a fully tailored checkout without the heavy lift of bespoke development.

Primer’s new Checkout means merchants no longer have to choose between speed and flexibility, delivering both full brand control and effortless integration using modular UI components.

Mastercard, the global technology company in the payments industry, presented its new research reflecting how Jamaican small and medium-sized enterprises (SMEs) that accept digital payments are seeing real results from going cashless.

Fenergo, the leading provider of client lifecycle management (CLM), Know your Customer (KYC) and transaction monitoring (TM) solutions today announces that Adepa, a leading provider of global asset servicing solutions, has deployed its software to streamline investor onboarding and enhance compliance across Adepa’s operations, starting in Luxembourg. 

SpotOn, the leading restaurant management system trusted by independent restaurants nationwide, today announced its collaboration with Visa, a global leader in digital payments, to implement Visa Direct.

Klarna, the global digital bank and flexible payments provider, has begun rolling out two new products tapping into retail banks’ core business: everyday spending. This launch marks a significant step forward in Klarna’s mission to disrupt retail banking and become an every day spending partner to the UK’s consumers.

• Klarna balance allows customers to store e-money in a Klarna ‘account’ where they can add and withdraw funds, receive refunds and cashback rewards for certain Klarna purchases. 

SGX FX and BBVA have announced a strategic collaboration to expand liquidity provision and distribution in Latin America, marking a significant step in SGX FX’s long-term growth strategy in the Americas and emerging markets.

Harrogate and London-based Grateful - the automated tip pooling and tronc platform - has raised £1.5 million ($2m) seed funding from Calculus Capital.

Founded in 2022 by Mason Potter (CEO), Jarrod Potter (Chair), and Damian Guy (CPTO), the trio started Grateful after Mason and Jarrod’s experience in the United States, where they saw first hand how well-managed tipping could profoundly boost team motivation and performance.