The European Union has accepted commitments from Apple over how it operates Apple Pay to settle a long running competition investigation. Commission EVP Margrethe Vestager, who heads up the EU’s competition division, announced the development in a press conference Thursday. Apple has until July 25 to implement changes that will allow developers of rival mobile […]
Adfin wants to fix bill payments for sole traders and small companies
Meet Adfin, a new UK-based fintech startup that wants to help companies get their invoices paid — whatever it takes. Founded by two fintech experts, the company is starting with a problem and building a product around it. The problem is that it’s still hard to get paid if you’re set up as a sole […]
Nala to use $40M Series A to build B2B payments platform, scale remittance services
Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $ 40 million equity in a rare deal that becomes one of the largest Series A transactions in Africa. The oversubscribed round was led by San Francisco-based VC firm Acrew Capital, with participation from DST Global, Norrsken22, HOF […]
Adani to battle Reliance, Walmart in India’s e-commerce, payments race, report says
India’s Adani Group is plotting a move into e-commerce and digital payments, according to a Financial Times report, as the conglomerate seeks to diversify its portfolio and compete with Mukesh Ambani’s Reliance, Amazon, and Walmart’s Flipkart and PhonePe. The energy-to-infrastructure giant Adani Group is considering applying for a license to operate on India’s Unified Payments […]
Vitesse, a payments and treasury management platform for insurers, raises $93M to fuel US expansion
U.K. fintech Vitesse has closed a $ 93 million Series C round of funding led by investment giant KKR. KKR said it’s making the investment through its Next Generation Technology Growth Fund III, a $ 3 billion fund it closed last year. Founded out of London in 2013, Vitesse is the handiwork of Paul Townsend […]