UK-based Playter closes $55M round for its BNPL platform aimed at SMEs
Europe has no shortage of ‘buy now, pay later’ startups and a quick search is revealing. Berlin-based fintech startup Mondu has taken in €39.9 million to expand its B2B BNPL solution. Madrid’s RITMO scored over €184 million. Tranch in the UK is launching BNPL to a B2B market with €4 million. Berlin…
SumUp raises $624M at $8.5B valuation, with its payments and business tech now used by 4M SMBs
A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment terminals. Today, the London-based company has expanded into a wider range of business services that are used by some 4 million small and medium businesses…
Thepeer, an API-based startup that connects African businesses, raises $2.1M, led by Raba Partnership
Thepeer, an African tech infrastructure startup connecting businesses’ wallets, has raised a $2.1 million seed round led by the Raba Partnership. The news comes a year after the startup raised $220,000 in pre-seed from a handful of angel investors, including Paystack CTO Ezra Olubi and Edenlife CTO…
Klarna’s potential valuation cut to $15B appears sufficiently steep
The Wall Street Journal recently reported that Klarna, a European buy-now-pay-later (BNPL) provider, is considering raising capital at a valuation of around $15 billion. The new figure is both a dramatic decline from Klarna’s mid-2021 valuation of more than $45 billion, and the $30 billion fi…
PayPal expands its ‘pay later’ options with a more flexible ‘PayPal Pay Monthly’ service
After Apple shook up the Buy Now, Pay Later market with news that it would now be a competitor to established firms, PayPal this morning is introducing another buy now, pay later product to follow the 2020 launch of its “Pay in 4″ installment program. The new offering, PayPal Pay Monthl…
MFS Africa raises additional equity and debt capital to take its Series C to $200M
Pan-African digital payments network, MFS Africa, has raised $100 million in equity and debt, additional funding that takes its Series C round to $200 million. African investment manager Admaius Capital Partners led the new round. Investors from its first Series C round like AfricInvest FIVE and Co…