Industry news
Jordan’s Ahli Fintech led the round, the proceeds of which will finance the development of Fintech Galaxy’s Open Finance platform.
The companies have teamed up to help merchants avoid card interchange fees and provide a better checkout experience.
By partnering, Klarna’s flexible payment options will be made available to millions of internet businesses already using Stripe across the US and 19 countries in Europe.
Tomato pay CEO Nicholas Heller writes about the power of fintechs to support small businesses and sole traders as they emerge from the pandemic.
The appointment marks the fintech’s first foray into the Latin American market.
The ecosystem of nearly 50 US and European companies includes longtime Plaid partners Square and Railsbank, as well as new partners Checkout.com, Marqeta and Currencycloud.
A panel session on the opportunity for Open Banking payments in the corporate space will bring together Yapily CCO Iain McDougall, experts from SWIFT and Xero, and Bottomline’s Ed Adshead-Grant and Teresa Connors.
The consultation, which closes on 6 January 2022, is seeking views on the potential scope of regulation to ensure ‘proportionate approach’ is taken.
The newly-appointed OBIE Chair will close the London event on 4 November.
The strategic partnership will see Plaid’s PIS embedded into Currencycloud’s platform, meaning customers can fund their accounts without ever leaving the platform.
