FinTech news in cross-border payments category

Keeta, a new startup developing an instant and secure way to make cross-border payments, raised $17 million in funding from a group of investors led by former Google CEO Eric Schmidt.

Its API covers over 170 markets for card payments, and 85 markets for local payments collection, which means its customers can accept payments in different countries without having to set up local entities.

Visa’s network is now connected to Thunes’ B2B platform, which means Visa Direct can reach more than 1.5 billion new endpoints (for a total of 7 billion) and that the 78 digital wallet providers already integrated with Thunes get a new send-to-wallet capability.

Payall differentiates itself from other startups in the cross-border payments space in that rather than competing with banks, it works with them by white labeling its software. Indeed, with the COVID-19 pandemic fueling more remote work globally, the need to provide cross-border payments for business and individual clients has never been as pressing for banks. He founded Payall, a cross-border processor for regulated banks, in 2018.

To help users search these various money transfer options in their region and compare rates and fees, Zazuu initially launched as a chatbot in 2020, informing users of the daily remittance rates of various platforms via Facebook and Telegram groups.