In today’s FinTech news, Optty is launching an integrated buy now, pay later (BNPL) platform with multiple payment options, while PSCU is introducing a microsite for cryptocurrency educational purposes. Plus, Raisin Bank and Mondu are rolling out a BNPL solution for the B2B sector.
Optty Gets $9M to Launch BNPL Provider Platform
Singapore FinTech Optty is using its $9 million raised in stealth to further develop its integrated BNPL platform for merchants. The solution enables retailers to offer multiple BNPL options with transparency and speed. It’s available now in 59 countries using 36 currencies. The platform is handling 185 integrations with 41 BNPL providers, including Afterpay, Affirm, Grab, Klarna, Scalapay and Zip.
PSCU Debuts Cryptocurrency Microsite for Credit Unions
PSCU, a payments credit union service organization (CUSO), is launching a cryptocurrency microsite for credit unions (CUs) to serve as a continuously updated hub for information. While CUs can’t hold cryptocurrency’s value within federally insured deposits, they can team with crypto service providers to enable members to buy, sell and hold digital assets.
Raisin Bank, B2B Payments Firm Mondu Offer BNPL Tool
Banking-as-a-Service (BaaS) provider Raisin Bank is partnering with payment specialist Mondu to bring BNPL services to B2B merchants. Based in Germany, Raisin said the B2B payments space has not fully embraced all the benefits that come with digitalization. Clients are looking for flexible payment terms, while vendors are also seeking solutions to increase sales and conversions.
Eurora Solutions Snags $40M for eCommerce Compliance Platform
Eurora Solutions, an artificial intelligence (AI) and machine learning cross-border eCommerce compliance platform in Estonia, is using its oversubscribed Series A funding round for expansion across the U.K., the U.S. and the Middle East. The new capital will also go toward product development and potential acquisitions.
Crypto Seen as Africa’s Cross-Border Payments ‘Game Changer’
Digital currencies are now being seen as a viable alternative to traditional cross-border, peer-to-peer (P2P) payment methods due to their flexibility, speed and low transaction fees. Farzam Ehsani, CEO at Johannesburg-based FinTech firm VALR, told PYMNTS in an interview that cryptocurrency transactions get value across borders in less time for lower costs.
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