Presta, a digital lending platform, has announced its launch after raising $3.3 million in pre-seed funding. The platform will support the entire process of lending to small businesses, including application, underwriting, closing, servicing, and reporting. In a world where technology has revolutionized everything from retail to education, Presta’s launch could be significant. Funding and Expansion The company’s pre-seed funding will
Elyn, a French FinTech company, has raised $2.7 million in its pre-seed funding round. The investment was led by Headline and Sequoia Arc. The platform aims to provide customers with better flexibility and convenience in online shopping. Offering a unique “try-before-you-buy” option Elyn’s unique offering provides customers with the ability to try items before they have to pay for them.
As the global adoption of digital payments increases, commercial payments are no exception. With the rise of technological advancements, financial leaders must keep abreast of IT trends to remain competitive and focus their resources despite the economic instability. Interestingly, many CFOs do not consider the costs involved in making or receiving a payment, but instead, they consider the overall expense.
With the growth of cross-border payments and e-commerce, the need to address fraud in this industry has become increasingly crucial. Fraudsters target cross-border payments due to the high value of transactions and the complexities involved in verifying identities across different countries. In this article, we will explore the growth of cross-border payments, the impact of fraud on businesses, the laws
In today’s digital age, marketplace businesses depend on frictionless payment experiences to boost user satisfaction and revenue. This is where MANGOPAY and PayPal come in, two industry leaders in the world of online payments. The strategic partnership between the two companies is not a recent development, but the latest announcement reveals a notable extension of this relationship, with enhanced functionality
The Brazilian Central Bank has recently taken a step toward revolutionizing digital payments for businesses and customers alike by sanctioning the utilization of a new payment feature on WhatsApp. This groundbreaking development was announced by Mark Zuckerberg on Instagram, expressing his enthusiasm for the authorization of the payment feature and its potential to “instantly pay small businesses through WhatsApp.” Furthermore,
The Baltic region is paving the way for digital payments adoption in Europe, with Estonia, Latvia, and Lithuania all connected to the European Union’s SEPA Instant real-time payments network in 2017. As of June 2022, these countries are showing varied levels of adoption of the SEPA Instant service, making them a bustling center of FinTech in Europe. To further encourage
The world of online payments is undergoing major changes with the introduction of open banking standards and best practices. Now, customers of Capitec Bank have the opportunity to make secure payments from their bank accounts with the help of Peach Payments and its new payment solution, Capitec Pay. This revolutionary integration of open banking with payment solutions promises to revolutionize
The world of finance has seen some remarkable developments over the past few months, with numerous organizations experiencing unprecedented growth. Two of the most noteworthy success stories come from Pagos and Spade, who have both recently closed their respective funding rounds. Pagos raised an incredible $34 million in their Series A round, while Spade secured $5 million for their seed
It is undeniable that achieving a steady cash flow is vital for the success and sustainability of any business. Having a smooth flow of money, allows businesses to benefit in numerous ways, such as increased revenues, improved visibility of finances, better payments reconciliation, reduced unauthorized payments and enhanced consumer and supplier satisfaction. Therefore, it is essential for business owners to
The extended duration of refunds and the fear of financial instability have had a major impact on British shoppers’ online purchasing habits, according to a recent study from Tink. The survey revealed that more than a third of respondents had begun to cut back on their online purchases due to worries about their financial stability, while the majority (54%) of
