In a significant move poised to reshape payment operations for small and medium-sized enterprises (SMEs), Melio has successfully secured $150 million in a Series E funding round led by Fiserv. The funding round attracted a remarkable array of investors including Capital One Ventures, Shopify
This week's top fintech news highlights significant developments from industry leaders such as Airwallex, Melio, BNZ, Standard Chartered, and Marygold & Co UK, showcasing their innovative approaches to driving growth through strategic investments and partnerships. Airwallex, a prominent
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for the financial services industry, has announced its financial results for the third quarter of 2024, ending September 30. Despite facing challenges in the financial sector, the company has shown significant
In a significant move to bolster its compliance and streamline its payment processes, South Africa's Standard Bank has aligned itself with Volante Technologies, adopting Volante's cloud-native Payments-as-a-Service (PaaS) and pre-processing solutions to enhance its operations. This strategic
In a significant move to bolster its e-commerce acquiring services, Mutual Trust Bank (MTB) in Bangladesh has transitioned to a new payment gateway provided by UK-based Compass Plus Technologies. The transformation, completed in just six months with the assistance of Dhaka-based ITC Consultants,
In the modern era of globalization, the demand for efficient, transparent, and cost-effective cross-border payment systems has grown exponentially. Traditional methods of transferring money across borders have proven insufficient, plagued by high fees, sluggish processing times, and significant
