PAYMENTS & REMITTANCES

PAYMENTS & REMITTANCES

Fintech’s Newest Unicorn Bill.com Raises $88 Million in New Funding

In a round led by Franklin Templeton, business payments innovator Bill.com has raised $88 million in new funding. Read more: finovate.com

RiverPay Now Enabling Alipay & WeChat Pay Transactions at Brooks Brothers...

Integrated payments and marketing platform RiverPay Inc. announced on Wednesday it recently began facilitating payments through Alipay and WeChat Pay, two mobile payment platforms most favored by Chinese consumers, at Brooks Brothers brand stores in key North American travel destinations, including the brand’s flagship store on New York’s Madison Avenue. Read more: crowdfundinsider.com

Affirm Raises $300M

Boost Payment Solutions, a company that targets friction in the commercial card market to increase acceptance of cards in B2B transactions, has announced $12m in new funding. Read more: finextra.com

Boost Payment Solutions Raises $12M For Corporate Card Optimization

Boost Payment Solutions, a company that targets friction in the commercial card market to increase acceptance of cards in B2B transactions, has announced $12m in new funding. Read more: pymnts.com

First blockchain Thai-Myanmar money transfer service to launch

Representatives of Krungthai Bank, EVX Holdings and Shwe Rural and Urban Development Bank have signed a letter of intent to introduce the first cross-border blockchain powered money transfer services between Thailand and Myanmar, reports Jane Connolly. Read more: www.bankingtech.com

GEO Protocol raises seed round from CoinFund to accelerate development of...

GEO Protocol, a financial technology startup, has announced an investment in its seed round by CoinFund, a premier New York-based cryptoasset investment firm. Read more: www.fintech.finance

New $4.8m funding for SME bank Novo

Novo has raised $4.8 million in venture seed financing to make banking accessible for small businesses by launching no-fee FDIC-insured digital banking. Read more: www.bankingtech.com

FX Enabler Koku Raises $2M in Pre-Series A

Singapore-based FinTech Koku has raised $2m in a pre-series A round backed by Jason Zeng, co-founder of Tencent Holdings and founder of Chinese angel investment company Decent Capital. Kokue said it expects to raise USD $10m in a series A round during the next couple of months. Read more: crowdfundinsider.com

TransferWise to Float Stake for Fundraising

TransferWise, the money transfer firm, is seeking to sell a stake in itself in a new fundraising round. Read more: bankingtech.com

Rewire Helps Migrants in Europe with $12M Funding

Rewire, the FinTech that developed a banking platform for migrants, has completed a Series A investment round of $12m. Read more: bankingtech.com