New app offers SMEs digital payment solution

tomato pay has been founded by Nicholas Heller and is free to download.

Merchants eye Open Banking for ‘ultimate payment experience’

New study by TrueLayer found that 63% of online shoppers would be comfortable using Open Banking to pay.

Tide turns to India with £100m investment

The UK SME banking platform plans to create over 1,000 jobs in India over the next five years when it enters the market early next year.

Klarna partners Liberis to offer merchants flexible financing

Embedded finance platform Liberis will provide revenue-based financing to Klarna’s merchant base in 17 countries.

Banking execs predict ‘death’ of branches

A new Temenos survey has found that 65% believe branch-based banking will be “dead” within five years.

ClearScore valued at $700m after investment

The fintech has received a $200 million investment from Invus Opportunities.

Raisin and Deposit Solutions announce merger

The German fintechs are to combine under the new name Raisin DS, with the CEOs set to lead the new company as co-CEOs initially.

San Francisco top in global fintech rankings

London came second in Findexable’s Global Fintech Rankings 2021, which found that San Francisco has the most fintech ‘unicorns’ of anywhere globally.

Visa buys Tink for €1.8bn

Visa Europe’s CEO called the deal ‘a sign of our commitment to Europe’, with Tink set to retain its brand and management team.