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...

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...

Payrails emerges from stealth with $6.4M led by a16z to build the OS for payments

Payments — taking and and paying out money — remains a fragmented and complex area for merchants, marketplaces and others that do business with multiple parties online, and as it grows — from $1.5 trillion today to $2.9 trillion by 2030 — that...