News
Tarabut buys A2A payments platform Vyne
Middle Eastern open banking platform Tarabut has acquired UK fintech Vyne, a real-time account-to-account (A2A) payments platform for online businesses, for an undisclosed sum. The acquisition was completed on 1 August following the approval of the Saudi Central Bank (SAMA) and the Financial Conduct Authority (FCA) in the UK.
Visa reportedly in negotiations to acquire Featurespace in potential £700m deal
Payments giant Visa is reportedly in talks to buy UK-based fraud detection firm Featurespace in a deal potentially valued at more than £700 million, according to Sky News.
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
UK challenger Revolut has become Europe’s most valuable private tech company, reaching a $45 billion valuation after a secondary share sale that provided liquidity to its employees.
CloudPay secures $120m funding round led by Blue Owl Capital
CloudPay, a UK-based global payroll and payment solutions provider, has secured a $120 million funding round led by New York-based asset manager Blue Owl Capital.