PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
PF Billtrust reported a 7% increase in revenue during the fourth quarter of 2020, to $38.7 million. The company’s software and payments segment revenue increased 17.8% year over year. “We believe that Accounts Receivable and B2B Payments are in the midst of a transformation. We’ve invested aggressively in our team and in our software solutions so that we are positioned well to capitalize on this shift from paper to digital. During the quarter we saw continued strong adoption of our comprehensive B2B payments solutions, demonstrating the significant value we create for our customers,” said Flint Lane, founder and CEO of Billtrust. From Billtrust.
Indian PF MobiKwik is planning for an IPO this year, with hopes of raising $200 to 250 million. The valuation could be more than $1 billion, with a pre-IPO funding round potentially valuing the company at about $700 million. MobiKwik currently processes more than a million transactions a day. From Bloomberg.
Brazilian ecommerce platform Nuvemshop has raised $90 million in a Series D funding round. With the pandemic leading to more online shopping, many merchants in Latin America are discovering that they want to connect directly with their consumers rather than selling their wares through marketplaces. Nuvemshop helps these businesses start and grow their own online businesses. From TechCrunch.
National Payments Corporation of India is developing a digital payments solution for feature phone users. The product is a result of a hackathon the organization conducted along with the Bill and Melinda Gates Foundation and startup incubator CIIE.CO in search of a feature phone payments option to help bring digital payments to more people and grow financial inclusion. From Financial Express.
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