In today’s FinTech news, acquisitions were in full bloom as the biggest bank in Australia picked up a stake in FinTech Paypa Plane to help advance digital payments down under.
On the other side of the Indian Ocean, African mobility startup Transtura closed an acquisition deal for FinTech payments startup WazoMoney to further drive payment and marketplace solutions in the region’s emerging economies.
Aussie Bank Acquires Stake in Paypa to Drive Digital Payments
The Commonwealth Bank of Australia, the country’s largest bank, revved up its drive to advance digital payments by teaming with FinTech Paypa Plane and acquiring a 20% stake in the firm.
The move is intended to help Aussie businesses transition to PayTo, a new digital tool from the country’s New Payments Platform (NPP), an open-access infrastructure for fast payments that launched in 2018.
UK Alternative Lender ThinCats Secures $135M
Alternative U.K. lender ThinCats raised £100 million pounds ($135 million) from Insight Investments to help small- to medium-sized businesses (SMBs). Insight Investments has backed…
