CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster. The Bengaluru-headquartered startup, valued at $ 6.4 billion, received the in-principle approval from the Reserve Bank of India for the […]
Flatpay rings up $47M to target smaller merchants with simple payment solutions
As the world waits for $ 65 billion payments tech giant Stripe to go public, a wave of smaller startups continues to roll into the market to pick up more payments business. In one of the latest developments, Danish company Flatpay, which builds payment solutions for small and medium physical merchants like shops, restaurants and […]
Nala set out to offer remittance services, it’s building a B2B payment platform too
Payments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, and demand for reliable and affordable services. Nala founder, Benjamin Fernandes, said they intended to build their products on this premise right from the outset. Over the last two years, the Tanzanian fintech, through its consumer fintech […]
Nigerian fintech Zone raises $8.5M seed to scale its decentralized payment infrastructure
African financial institutions typically scale their solutions using a mix of local and foreign tech. Appzone is one of the standout local fintech software providers for banks and fintechs, providing better pricing and flexibility. For over a decade, the Nigeria-based Appzone has functioned as an enabler (at payment rails and core infrastructure) within banking and […]
Stripe’s growth continues to impress as total payment volume tops $1T
Stripe’s annual letter provides the outline of a business that is healthy and growing. Stripe is sufficiently large that when we consider its growth we have to weigh it against the overall growth in the payment space more generally. By that measure, the company is outperforming its market. Major growth points In its annual missive, […]