By RivalSense Agent in PayTech —

Top PayTech Startup News | September 16 - September 23, 2024

Clover updated their pricing and purchasing options for their POS systems, now requiring customers to contact sales for the Starter and Advanced plans instead of directly adding to cart...

Using RivalSense, we have discovered last week's most important developments and news on companies like Stripe, Adyen, Klarna, RazorPay, ZEPZ, Brex, Stax, Helcim, Elavon, Square, Clover, and other trending PayTech companies. 

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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

🚀 New Product Offerings

  • Brex added Value-Added Tax (VAT) to its list of integrations.
  • Brex has added NetSuite and QuickBooks Online integrations to their ERP solutions.
  • Brex has added Oracle Fusion integration to its accounting automation support page.
  • Helcim added QuickBooks Online and Xero integrations and removed the Partner & Affiliate Program from their offerings.
  • Helcim now supports direct payments from invoices using ACH, credit card, and debit, and has added integrations with QuickBooks Online and Xero.
  • Brex launched the Brex API, allowing customers to programmatically read their data, issue cards, invite users, and send payments.
  • Brex now offers a new feature called Brex Embedded for B2B software vendors to unlock revenue and offload risk.
  • Brex now offers banking services via a Brex business account immediately after incorporating through Stripe Atlas.
  • Brex now offers a corporate travel and expense management app.
  • Brex now offers a solution for B2B software vendors to unlock revenue and offload risk with Brex Embedded.
  • Pine Labs’ PoS systems now integrate with over 500+ billing and utility applications, enhancing transaction management and reducing fraud risks.
  • Pine Labs announced the launch of their next-gen credit issuing platform, Credit+.
  • Klarna now compares prices on over 2.5 million products from more than 700 stores.
  • Klarna has introduced a new 'Auto-Track' feature, replacing 'Import Services'.
  • Stripe will integrate fiat payments and multi-chain wallets by October 15th.
  • Stripe approved crypto onramp for Avalanche c-chain applications.
  • Stripe introduced instant payments to Swedbank Latvia accounts with a €200 daily limit and a 1% fee.
  • In 2024, FreshBooks launched FreshBooks Payments, an embedded end-to-end payment solution using Stripe Connect, to enhance its payment capabilities and improve customer experience.
  • Stripe has updated Stripe Connect to allow platforms to mix and match features based on their business model, including 17 pre-built embedded components and no-code pricing tools.
  • Brex launched Brex Embedded, allowing Brex cards to power more workflows outside of Brex.
  • Brex offers a business line of credit tailored for startups, with flexible limits that automatically increase as the business scales.
  • Pine Labs' Plural now offers a seamless EMI product for quick commerce purchases like iPhones from Blinkit and Bigbasket, as shared by Abhijit Das, Payments Product & Consumer Experiences at Pine Labs.
  • Backbar's inventory app now integrates with Square POS systems.
  • Schematic launched a platform with embeddable UI components and deep integration with Stripe for managing pricing and packaging.
  • The no-annual-fee Klarna credit card, issued by WebBank, functions like a charge card requiring full monthly balance payments but allows installment payments with interest and has a waitlist for new users.
  • Salesforce's new Data Cloud innovations include pre-built connectors for apps like Stripe.
  • Clover has launched a new kiosk device that improves efficiency for quick service restaurants.
  • Adyen launched a new native integration with Salesforce Payments, enabling instant account connection without development work, live this October.
  • Adyen now supports configuring Google Pay as a payment method in their customer dashboard.
  • Brex launched a new feature to pay for tax filings without using cash reserves.
  • Brex now allows users to pay for tax filings and services with reward points and Inkle customers can sign up for a Brex account within Inkle’s platform.
  • Razorpay has launched Turbo UPI, enabling Ola to offer a 5x faster, 1-step payment experience with improved success rates by 6-8%.
  • Square launched a new Events Hub and Video Library in their Community to streamline event access and video content.
  • Brex launched Brex Embedded payments, an API-driven solution that allows B2B software vendors to integrate Brex virtual cards into their financial workflows, backed by an expanded partnership with Mastercard.
  • EZRentOut announced integration with Square for enhanced payment processes on September 18.
  • Square is introducing a new Map View for event listings, faster checkouts with a 'Skip All' option, and updated support for Square Stand and Reader integration.
  • Helcim introduced a new Gross Deposit feature to simplify financial reconciliations.
  • Razorpay launched DataSync, a real-time data integration platform with AWS and Snowflake, saving up to 50% on operational costs for Indian businesses.
  • SumUp is now supported in the Outbank app for business customers.
  • Pine Labs has removed information about credit services and organizational restructuring from their media page.
  • Square demonstrated a fast $USDC / $SOL transaction in a recent video.
  • Will Gaybrick, President of Product and Business at Stripe, revealed that the private Crypto Payins alpha has already surpassed the volume of the previous product.
  • Brex has added Robin Singhvi to their invoicing beta.
  • Stax Payments' new Stax Connect Plus program saw a 36% increase in onboarded MIDs and a 112% lift in total processing volume in one pilot.

🤝🏻 New Partnerships and Vendors

  • Enercare chooses Stripe as its strategic payments partner.
  • Adyen will power omnichannel payments at U.S. Cinemark theaters starting September 19, 2024.
  • SoFi Stadium announced on September 22 that fans can now use Square for seamless payments during games.
  • Klarna has partnered with On the Beach UK to offer interest-free payment options at checkout.
  • Stripe partnered with Frontier to facilitate $4.5M in carbon removal prepurchases from nine companies, including Planeteers.
  • Adyen partners with HUGO BOSS and Visa to enhance the unified shopping experience for customers.
  • Square partnered with American Express to release a report on overcoming challenges in the UK hospitality industry.
  • Coupa, a leader in B2B procurement software, chose Brex Embedded to automate their business spend-to-payments lifecycle.
  • Slopepay has chosen Checkout as its strategic partner to use its payment infrastructure for improving short-term financing for B2B firms in the US.
  • Adyen has partnered with vintrica to optimize the payment process for E-Vignettes, integrating local payment methods and enabling immediate and secure transactions.
  • Shaquille O'Neal is excited about AI possibilities and his new business partnership with Klarna.
  • Davi Strazza announced that Adyen will power all payment experiences for Cinemark's reimagined movie theater.
  • Checkout has partnered with Slope to improve payment performance for US enterprise merchants.
  • Ola has integrated Razorpay for a seamless in-app UPI checkout experience.
  • Checkout.com is partnering with Club L London to enhance global payments and expand into new markets, focusing on the MENA region.
  • Square is partnering with Lovin Dublin for the Lovin Locals competition, offering a €15,000 prize to one small business, including €10,000 in free advertising and a €5,000 cash prize.
  • Adyen partners with LinkedIn to innovate freelance services.
  • Club L London has partnered with Checkout to accelerate international expansion on the Shopify platform.
  • Adyen has partnered with Nayax to support digital payments at EV charging stations globally, starting September 16, 2024.
  • Carlos Ricardi, Executivo de vendas, announced closing a successful deal with SumUp on September 21.
  • Lyft uses Stripe to power payments at scale and built Express Pay with Stripe, allowing drivers to cash out instantly.
  • Brex was listed as a client of Newline, a company recognized for evolving bank technology and embedded payments.
  • Elavon provided credit card processing services to support the business expansion of Kansas City restaurateur Jose Barrios.

💡 Other Notable News

  • Clover updated their pricing and purchasing options for their POS systems, now requiring customers to contact sales for the Starter and Advanced plans instead of directly adding to cart.
  • Brex is targeting B2B software vendors with its new Brex Embedded product to unlock revenue and offload risk.
  • Brex is targeting B2B software vendors with its new Brex Embedded product to unlock revenue and offload risk.
  • Brex has updated its yield from 4.88% to 4.83% for its treasury and vault services.
  • SumUp has updated the pricing terms for their card terminals, now specifying that prices are exclusive of VAT and the 30-day money-back guarantee starts from the delivery date.
  • Stripe is expanding its Travel & Hospitality team in America and recruiting a leader for its AMER travel & leisure business.
  • Dounia Jouron, EMEA Vice President of Issuing Business at Pine Labs, is driving the company's expansion in Australia, New Zealand, the US, and EMEA.
  • Elavon introduced a new 3-cent per transaction charge.
  • SumUp announced that users will no longer receive free next day payouts to their SumUp Business Account.
  • Square has reduced its transaction fees from 3.25% to 2.5% and is offering free Square registers.
  • Helcim has been recognized with multiple awards for payment processing in 2023 and 2024, including 'Best for Cheap Payment Processing' and 'Best Budget Friendly Alternative'.
  • Brex has been named the No. 1 expense management solution by CB Insights.
  • Pine Labs has updated its office addresses in Kolkata and Andhra Pradesh.
  • Stripe has updated its financial metrics and balances from USD to SGD on its Singapore webpage.
  • Klarna has added a 'Comprar' (Buy) section to its website for the Mexican market.
  • Razorpay now supports accepting payments from Singapore instead of Canada.
  • Klarna now handles 2.5 million daily transactions.
  • Clover is currently hiring for the position of Director, CMM Sales (Western Region) in Canada.
  • Matthew Gillet has joined Square as the UK GTM Lead in the United Kingdom, previously serving as Director and General Manager, Otter - UK & EU at CloudKitchens.
  • Mariana Rabelo Pimenta has joined SumUp as Head of People Brasil | HR Director in Brazil, previously serving as Chief People Officer at Daki.
  • Abhilasha Dube has joined Pine Labs as Associate Director in India, previously serving as Head - West Region at Global Payments Inc.
  • Harry Fu has joined Checkout as Country Manager, Singapore & ANZ in Singapore, previously holding a position at another company.
  • Christine Murphy has left Checkout as Reward Director (Equity) in the United Kingdom to join Tipalti as Senior Director, Total Rewards.
  • Peter B. has left Klarna, where he served as Engineering Director, CFO domains in Stockholm County, Sweden, to join ROYC Group as Chief Information Officer.
  • Donald Miller has left Elavon as Sales Director to join Visa as Director of Sales for Visa Direct, focusing on Northeastern, Mid-Atlantic and Great Lakes Financial Institutions in the United States.
  • Max van Zoelen has joined Klarna as Head of Distribution Partners in the Netherlands, previously serving as Senior Business Development Manager at finmid.
  • Matthew Miller has left Stripe as GTM Partnerships in Dublin, Ohio, United States to join Airwallex as Associate Director; Strategic Partnerships.
  • Nalin Garg has been promoted to Director, Go-to-Market at Clover, previously serving as Senior Manager, Product Commercialization at Fiserv in the United States.
  • Rik Goslinga has joined Adyen as VP Account Management EMEA in the Netherlands, previously serving as PayPal Ventures Advisor at PayPal.
  • Stripe will host an E-Commerce Breakfast event on October 2 at the Mandarin Oriental in Munich, featuring speakers including Dennis Fache.
  • Square's new Head of Revenue Joey Nalevka and new Head of Marketing Lindsey Irvine joined the Sales Core offsite in Seattle to share their visions.
  • Rapyd participated in WSAA in Las Vegas, featuring a booth, a coffee cart, and a panel on 'Values-Driven Growth' with industry experts.
  • Square will be an exhibitor at the UK Black Business Show on September 21.
  • Elavon set up a Talech Register POS display at the Forest Grove BMO Branch.
  • Elavon hosted its annual Global Airlines Symposium in Portugal this week, bringing together airline customers, payments experts, and industry leaders.
  • Razorpay will host the 'Craft Your Career Map' workshop in partnership with Lean In Network, Bangalore on September 28 at their Bangalore office.
  • Klarna's brand portal, created by Flo Wales Bonner and team with OKTO, is nominated for a Swedish Design Award.
  • Razorpay is hosting the third edition of Elevate on September 26 at the Amazon office in Bangalore, featuring a fireside chat and networking for women leaders in tech.
  • Square is sponsoring the FinTechNation 2024 event on September 20.
  • SumUp hosted a major event in Albania, attracting the attention of Tirana's mayor and advancing their 'Just Ask' feedback project.
  • Stax Payments introduced Victoria Stasiewicz as the new VP of Data Engineering.
  • Clover is sponsoring the Breakfast of Champions event by the African American Chamber of Commerce of Wisconsin on September 25.
  • Marc-Alexander Christ, co-founder of SumUp, spoke at ESMT DEMO DAY 2024 organized by Vali Berlin.
  • Stripe reported a significant increase in losses for its EMEA and APAC-focused Stripe Payments International Holdings in FY 2023, partly due to a one-off employee share payment.
  • Checkout's CTO Mariano Albera hosted an exclusive breakfast event in Dubai to discuss payment technology innovations with MENA region merchants and partners.
  • SumUp won the 2024 Global Excellence Award for Best Customer Acquisition & Payment Solutions Company.
  • Square showcased their solutions for local coffee shops and QSR franchise brands at FSTEC in Grapevine, according to Ming-Tai Huh, Head of Food & Beverage at Square.
  • Adyen is hosting a fireside chat with Michael Diederich, CFO of FC Bayern München, and Anton von Ingelheim, Head of Sales at Adyen, at DMEXCO on September 19.
  • Square hosted a global Block Party event in NYC, bringing together multiple brands and executives like Saumil Mehta and Jim McKelvey.
  • Technical issues at Rapyd caused a 40-minute disruption in card usage this morning, according to CEO Garðar Stefánsson.
  • Adam Bambrough joins Rapyd as VP Global Client Services.
  • Stripe co-founder and President John Collison said the company's startup culture helped it partner with larger companies like Ford and Amazon.
  • Seamus MacIsaac, VP Product at Helcim, is a featured speaker at The Peak’s Bet On Canada Summit on September 18.
  • Adyen will be a master sponsor at the Wake Summit 2024 on September 19 in São Paulo, with VP of Account Management Maria Isabel Noronha speaking on personalized shopping experiences.
  • Adyen will be a bronze partner at the Retail Challenge 2024 focused on AI, featuring experts Elizabeth Soni, Maciej Swiderek, and Jakub Laska.
  • Clover showcased its customizable payment solutions at the Ontario Funeral Service Association AGM Conference on September 18.
  • Rapyd is expanding across London and the UK, offering agents a 50/50 split in lifetime residuals and upfront terminal commissions.
  • Square will be a featured speaker at the Innovation Driving Growth Forum on October 9-10.
  • Square will participate in GROWTH NXT Paris on September 24th.
  • Sarel Tal, VP EMEA at Rapyd, will share insights at the Western States Acquirers Association on how Rapyd has helped US-based ISOs expand in the EU and UK.
  • Better Business Advice named Stax Bill, part of Stax Payments, the best subscription billing software for 2024.
  • Jeff Stocking, ISA Manager Sales UK, is looking for agents to expand Rapyd's venture across the UK.
  • Square shared a booth with Finale Inventory at the National Fireworks Association convention in Erie, PA.

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