“Airwallex for Startups” launches in Hong Kong

Airwallex, a leading global payments and financial platform for modern businesses, announced the launch of “Airwallex for Startups,” a business readiness campaign exclusively for Hong Kong entrepreneurs to support their global growth ambitions. With the support of Hong Kong flagship incubators, and in collaboration with Hong Kong business partners, “Airwallex for Startups” builds on the company’s commitment to Hong Kong’s economic development and its ongoing efforts to support the city’s early-stage businesses on their international expansion. “Going...

Klarna reports H1 2023 Results

Klarna, the AI-powered global payments network and shopping assistant, today reported its H1 results for 2023, which includes a profitable month in the second quarter ahead of target, successfully aligning with its strategic focus on both profitability and growth. The full earnings release has been made available on the company’s Investor Relations website. Sebastian Siemiatkowski, CEO of Klarna said, “I’m super proud that we have returned to black numbers, with a profitable month in Q223, well ahead...

BMO launches Mobile Wallet for Virtual Cards with Mastercard and Extend

BMO pairs the efficiency and security of virtual cards with convenience of contactless payments for Commercial Banking clients in the U.S. and Canada BMO is the first global Mastercard issuer to offer contactless virtual cards through Extend to help clients make real financial progress by strategically leveraging this functionality BMO Commercial Bank clients in the U.S. and Canada now have access to even greater payment management functionality with the launch of Extend for BMO app. The app features new functionality...

PayPal names Alex Chriss as Next President and CEO

PayPal Holdings, Inc, announced that its Board of Directors has appointed senior Intuit executive, Alex Chriss, as President and CEO, effective September 27, 2023. Chriss will also join the Board on that date. The appointment follows a thorough CEO search process, conducted by the Board over the last number of months, with the mandate to appoint a next generation leader with extensive global payments product, and technology experience, capable of driving growth across the PayPal platform...

Settle raised $145M Credit Facility with Silicon Valley Bank

Settle, the leading cash-flow management platform, announced it has secured up to $145 million credit facility with Silicon Valley Bank, a division of First Citizens Bank, increasing its capacity to support high-growth e-commerce and consumer brands and small businesses. Settle is a cash-flow management platform purpose-built for e-commerce and consumer brands with demanding inventory and cash conversion cycles. Settle provides a centralized hub to quickly and easily pay vendors, track payment status, manage invoices, and...

Momnt names Dory Black as Chief Legal Officer

Momnt, a leading financial technology company specializing in real-time lending and payment solutions for businesses, is delighted to announce the appointment of Dory Black as its new Chief Legal Officer. With her extensive experience in the financial and legal sectors, Dory brings a wealth of knowledge and expertise to the Momnt executive team. As the Chief Legal Officer, Dory will play a pivotal role in overseeing and enhancing the legal and regulatory framework of Momnt....

Paddle announces AI Launchpad

Paddle, the complete payments infrastructure provider for software companies, announces AI Launchpad, a new 6-week programme run by Paddle aimed at empowering ambitious software founders to build, launch and scale their AI-powered business ideas. Working with industry experts, participants will receive tailored guidance and actionable, practical insights, as well as the chance to win a $25,000 cash prize for the best offering, as judged by a panel of experts. Founded in 2012 with the goal of helping...

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