Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a $550,000 pre-seed round. The money raised will be used to build simple, yet effective fraud prevention tools and iterate with customers in South Africa.

Velmie, a banking technology provider, is proud to announce its collaboration with Metro Cable - Sierra Leone's premier provider of high-speed gigabit internet access - to launch Vult. Vult is a modern digital wallet solution designed to offer users a secure and convenient way to make online transactions, deposits, withdrawals, pay bills and send and receive money in multiple currencies, all within a single platform.

PayRetailers, one of the leading fintechs in payments in Latin America, announces the acquisition of Transfeera, a regulated payment institution in Brazil.

Bakkt Holdings, Inc. (NYSE: BKKT) announced today that Ray Kamrath was appointed as the Chief Commercial Officer of Bakkt’s crypto business. In this newly created position, Kamrath will report to Andy Main, Bakkt’s Chief Executive Officer.

Today, Square launched Tap to Pay on iPhone in Canada, allowing Square sellers to be among the first businesses in the country to try the technology. Available within the Square Point of Sale, Square for Retail, and Square Appointments iOS apps, Tap to Pay on iPhone lets sellers accept contactless payments directly from their iPhone with no additional hardware or payment terminal required and at no additional cost, making it a powerful free to enable option for entrepreneurs.

Capital on Tap, the small business credit card and spend management platform trusted by over 200,000 businesses, has expanded its partnership with Plaid to the United Kingdom. This builds upon Capital on Tap and Plaid’s successful partnership in the US, which began back in January 2023. 

Nuvei Corporation, the Canadian fintech company, announces today the appointment of Gang Wang as Chief Technology Officer, reporting to Nuvei Chair and CEO Philip Fayer. Wang will lead Nuvei's global technology team together with former CTO Max Attias, who has been appointed to the new role of Chief Information Officer.

TotallyMoney has announced the launch of TotallySure for car finance, putting customers in the driving seat when applying, with pre-approval, guaranteed rates, loan amounts and terms:

Open Banking Expo Canada is proud to announce the participation of prominent political figures and key policy representatives in its upcoming event on June 11 in Toronto.

This year's conference is poised to host over 600 executives from the Open Banking, Open Finance, and the payments ecosystem at the Metro Toronto Convention Centre. The focus will be on strategizing and implementing consumer-driven finance initiatives by 2025.