European fintech scale-up SumUp secures €330 million loan to finance growth

London-based SumUp, a payments technology startup, has secured a €330 million loan, backed by Bain Capital Credit, Goldman Sachs Private Capital and others to support its expansion plans (via Bloomberg). The scale-up says it will use the financing to further develop its range of products (also potentially through acquisitions) and to grow its currently 1.5 […]

French fraud detection startup Bleckwen secures $10 million

Paris-based payment fraud detection startup Bleckwen has raised $10 million in a funding round led by Ring Capital, with participation from existing investors, including TempoCap, Bpifrance, and Ineo. Bleckwen, which is a spin-off from the French cybersecurity firm Ercom, specialises in real-time analytics and fraud prevention in payments within the wider anti-money laundering and counter-terrorism […]

Polish payments company PeP acquires rival PayLane

Polish cashless payments company PeP (Polskie ePłatnosci) has acquired PayLane, an online payments company also based in Poland. The deal is for 100% of shares but no other terms were disclosed. PeP provides cashless point-of-sale payment services for businesses while PayLane focuses on online and mobile payments, operating in 20 countries. The combined company will […]

Irish fintech firm TransferMate raises €30 million from Allied Irish Bank

TransferMate, a payments company based in Dublin, has raised €30 million from Allied Irish Bank (AIB). The minority stake investment, which is awaiting approval from the Central Bank of Ireland, reportedly values the company at €250-€300 million. Alongside the investment, TransferMate has inked a partnership with the bank to provide international payment services for businesses […]

German fintech company TIS raises $12 million from 83North

Treasury Intelligence Solutions (TIS), a German fintech company, has raised $12 million in funding from 83North with Target Partners and Zobito. The company develops a SaaS-based cloud platform for managing and analysing corporate payments with clients including Office Depot, Staples Solutions, and Fujitsu. It will use the new funds for further product development and expanding […]