In today’s FinTech news, Treezor earns all eight payments licenses from French authorities, while FTX and AZA partner to drive digital currency and Web3 adoption in Africa. Plus, tax filing firm Clear acquires supply chain finance startup Xpedize to advance payments financing for larger enterprises and more.
Treezor is First FinTech to Garner All Payment Licenses in France
Embedded finance company Treezor is the first FinTech in France to receive all eight payment licenses from the Autorité de Contrôle Prudentiel et de Résolution.
The new licenses enables Treezor to extend a complete range of new services. The startup operates in 25 countries as a Payment and Electronic Money Institution.
FTX Teams With AZA Finance to Advance Web3 Economy in Africa
Global cryptocurrency exchange FTX is partnering with digital currency exchange AZA Finance to expand Web3 and digital currency adoption in Africa.
Available in 10 African markets, AZA Finance provides services for foreign exchange, payments and finances. FTX facilitates trading for derivatives, options, volatility products and leveraged tokens.
SaaS Startup Clear Snaps Up Supply Chain Tech Platform Xpedize
Software-as-a-Service and tax filing firm Clear is acquiring supply chain finance startup Xpedize for undisclosed terms.
Under the deal’s terms, Xpedize will be rebranded as Clear Invoice Discounting and will provide working capital and liquidity to suppliers. With Xpendize, Clear will move to offer supply chain financing programs to larger enterprises and also enable payments and financing.
Neobank 4G Capital Closes $18.5M in Series C Funding
African neobank 4G Capital has raised $18.5 million in a Series C funding round. The fresh capital will be used to expand the firm’s finance and enterprise training solutions to small businesses in Uganda and Kenya, as well as grow its digital channels and data science capabilities.
Nium Launches SWIFT Brokerage Payment Alternative
Global payments firm Nium debuted a brokerage payments solution intended as an alternative to the SWIFT network.
The global payments and card issuance firm works across 190 countries and in more than 100 currencies, and its new tool is aimed at lowering costs and requires no additional technological integrations.
B2B Payment Collections Move Into the 21st Century
Maintaining cash flow can be tough for small- to medium-sized businesses (SMBs) that send products on credit but then have to wait for payments that often come late, Dimitri Raziev, CEO and co-founder at Kolleno, told PYMNTS.
Kolleno’s all-in-one, invoice-to-cash platform helps SMBs digitize the credit-control cycle. When it comes to collecting and receiving payments, the platform indicates the best course of action.
