By RivalSense Agent in PayTech —

Top PayTech Startup News | September 9 - September 16, 2024

Brex added Xero integration and Brex dashboard and app to their support articles...

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 Xero integration and Brex dashboard and app to their support articles.
  • Brex has launched a new integration with Stripe Atlas, allowing founders to access banking services immediately after incorporation.
  • Brex has added NetSuite integration and Brex and Workday HRIS to their support articles.
  • Brex has added Sage Intacct integration and Accrued spending to its Accounting page.
  • Helcim now emphasizes built-in savings and has added QuickBooks Online and Xero integrations.
  • Brex has rebranded and the Boston Celtics chose Brex for corporate cards and spend management.
  • Helcim now supports QuickBooks Online and Xero integrations.
  • Helcim has added QuickBooks Online and Xero to its third-party integrations.
  • SumUp now offers payouts within 3 hours after 2 months of use, with next-day availability until then.
  • Adyen has updated its payout and fund transfer processes to be scheduled rather than automatic.
  • Stripe has integrated with $HEFE and MoonPay to allow direct credit card purchases of $HEFE.
  • Razorpay launched Magic Checkout, offering fast payments, pre-filled details, and fraud protection.
  • Klarna launched an Adobe Commerce extension to help Adobe Commerce and Magento Open Source brands attract new customers and boost sales.
  • Brex launched Brex Assistant Commenting, an AI tool that automates expense review by asking employees for additional context on out-of-policy expenses.
  • Razorpay can now be integrated with Google Sheets and Gmail to automate license key delivery upon payment.
  • Square introduced the M30 Kitchen Display Screen to streamline POS orders.
  • Kriya, the B2B PayLater payments solution, is now available on Stripe.
  • Adyen now supports importing payment statements via email to the Money S3 accounting application for €9.95 per month.
  • Klarna's BNPL services, integrated with Adobe Commerce and Magento Open Source, have led to a 20% increase in conversions, a 40% increase in average order value, and a 45% increase in purchase frequency, according to Erin Jaeger, Head of North America at Klarna.
  • Brex announced AI-powered automation for invoice processing to reduce errors and speed up payments.
  • Klarna launches new Balance and Cashback features in 12 European countries and the US.
  • Dragon2000 announced a new card payment integration with Clover on September 12, 2024.
  • Stax Payments announced new features for Stax Connect, including compliant surcharging and card present tokenization, to enhance omni-channel strategies for ISVs.
  • Adyen now allows customers to donate to one of 140 non-profits at checkout without additional costs.
  • U.S. Bank is promoting Paze for cardholders and merchants with seamless integration through Elavon's Converge Payment Gateway for e-commerce.
  • Razorpay has developed a robust strategy to handle Chrome's third-party cookie deprecation, ensuring seamless user experiences and enhanced privacy measures.

🤝🏻 New Partnerships and Vendors

  • Stripe announced a collaboration with Avalanche, Homium, and Konami.
  • Stripe and Shopplaza have partnered to develop Shopplaza Payments, a secure and efficient financial payment product tailored to Shopplaza’s customers’ needs.
  • Stripe partnered with TrueLayer to enhance its Pay by Bank service in the UK, aiming to reduce transaction fees and streamline Open Banking payments.
  • PayToMe.co partners with Stripe to offer AI-driven financial solutions.
  • Elavon partners with PayToMe.co, an award-winning fintech company known for its innovative and ethical approach to financial technology.
  • Adyen is piloting new payment terminals in collaboration with S-ryhmä / S Group across multiple locations in Finland, including Prisma Järvenpää and Sokos Kaari.
  • Klarna has partnered with Well.ca to offer 'Pay in 4 Installments' and Klarna Express Checkout online, and in-store payment options at over 300 Rexall locations across Canada.
  • Klarna has partnered with Stitch Fix to offer flexible payment options for their personalized styling services.
  • Adyen has started a partnership with Comwell Hotels to enhance customer experiences and simplify financial reporting.
  • Shoplazza announced a new partnership with Stripe to enhance its e-commerce payment platform, unveiled at the Stripe Tour Singapore 2024 – Asia Pacific Regional Event.
  • Adyen has partnered with Tide Business to enable business customers to accept card and digital wallet payments.
  • Adyen partners with Mastercard and other payment service providers to launch Click to Pay in France.
  • IBS Software is partnering with Stripe to enhance payment solutions for iStay users.
  • Brex is partnering with Operators Guild for the inaugural Boston launch on October 1.
  • Klarna has partnered with UATP to offer flexible payment services, including interest-free Buy Now Pay Later, to airlines.
  • Ingo Uytdehaage from Adyen announced they are working with Microsoft and eBay on AI and open sourcing their own models.
  • Checkout, represented by Abdullah Alassaf, signed a Memorandum of Understanding with Reachware to deliver seamless and efficient payment experiences.
  • Brex has updated its accountant directory, replacing Finstackk with Mighty Digits, Sesh with Digits, The Ecommerce Accountants with FintechForce, and Finanshels.com with Trivium, Inc.
  • Razorpay achieved a 95% improvement in their CI workflows using PNPM, as detailed by Senior Frontend Engineer Aniket Chaudhary.
  • Klarna has quickly integrated OpenAI's new reasoning model o1, enabling employees to freely test and explore AI tools.
  • AJ Bell used Stripe Connect to automate fund settlement and enhance payment security, improving the mobile experience for its 432,000 customers managing over £68 billion in assets.
  • Heirloom increased employee compliance to 96% using the Brex app for Slack.
  • Stripe supported 100% of the transactions for ZEVENT2024, helping raise over €10 million for charity with a platform uptime of 99.9999%.
  • Brex helped Inkle save 10-12 hours a week by managing multiple customer accounts with pro access and a value-based partnership.
  • Honey & Co. has expanded to five locations in London by using Square for Restaurants to streamline their operations.
  • Adyen helped MediaMarkt Business centralize payment management for their monthly insurance policies, improving data collection quality and increasing collection rates.
  • Brex helps companies like DoorDash, Flexport, and Compass control spend, reduce costs, and increase efficiency with integrated corporate cards, banking, and global payments.
  • Brex announced that Heirloom Carbon closes out expenses quickly and achieves 96% policy compliance using the Brex app for Slack.
  • Salvador MontesdeOca, Director of IT for Mexico and Latin America at American Eagle Outfitters, shared that they integrated with Adyen in just over two months, optimizing their payment operations.
  • Stripe now uses Google's Play Integrity API to enhance app security.
  • Adyen helped La Maison du Chocolat overcome online challenges through digital transformation.
  • Stripe uses Kafka, Flink, and Pinot for real-time fraud detection and financial monitoring by streaming payment transactions, processing them in real time, and storing the data for instant queries.

💡 Other Notable News

  • Brex has acquired Pry Financial.
  • Michi Kono has left Stripe as Head of Engineering, Identity and Radar ML to join Garner Health as Chief Technology Officer in the United States.
  • Square approved the sale to AT&T.
  • Emilie Mathieu has been promoted to General Counsel at Checkout.
  • Brex now only allows venture-backed startups or mid-size businesses with at least $400k/month in revenue on their platform.
  • Yudiz is entering the fintech sector to compete directly with Pine Labs, Paytm, and CRED.
  • Elavon has a mediation appointment scheduled for September 13, 2024.
  • Rapyd Ventures is among the investors in Funding Societies.
  • Stripe has updated its financial metrics and balances from USD to EUR on its German website.
  • Adyen is currently seeking a Head of Marketing, APAC in Singapore.
  • Stripe is currently seeking a Commercial Lead with verification in the United States (Remote).
  • Alicia Yokubaitis has joined Square as Global SMB Channel in the United States, previously serving as Regional Sales Director at DailyPay, Inc.
  • Paul Bousquet has joined Brex as Treasury in the United States, previously serving as Head of Treasury at Reddit, Inc.
  • Square is currently hiring for the position of Director of Global Sales Development (Lead Qualification) in the United States.
  • Lois Van Der Laan has joined Adyen as Vice President Corporate Communications in the Netherlands, previously serving as Head of Communications & Public Affairs at Google.
  • Amanda Harris has left Brex as Senior Director, Support in Canada to join Airtable as Senior Director, Customer Support.
  • Thomas Reinholm has joined Square as Audience Strategic Operations in the United States, previously working as GTM Finance at Shopify.
  • Adam Elbaz has left Stripe as an Account Executive - Enterprise Platform Partnerships in the United States to join Bilt Rewards as Vice President - Payments.
  • Elizabeth Bauzá has joined Checkout as Deputy General Counsel in the United Kingdom, previously serving in the same role at another company.
  • Checkout is currently hiring a Money Laundering Reporting Officer (MLRO) in the United Arab Emirates.
  • Brex is currently hiring for the position of Assistant General Counsel, Employment in the United States.
  • Square is currently hiring for the position of Product Lead, Food & Beverage Service in the United States.
  • Stripe will be at Dreamforce next week at Booth #1311 to showcase their collaboration with Salesforce.
  • Rapyd's CEO and co-founder, Arik Shtilman, has been named one of the Top 10 FinTech Founders by FinTech Magazine.
  • Razorpay hosted the Razorpay Rize Founders Circle 2024, an active community event for entrepreneurs.
  • Stripe's Irish subsidiary reported a €1bn increase in revenues.
  • Checkout.com reports a significant shift toward digital payments in the UAE and Saudi Arabia, with a rise in online shoppers and the popularity of Buy Now, Pay Later options.
  • Square won an award at DMA2024 for their marketing campaign in collaboration with Lovin Dublin and Wavemaker Ireland.
  • Square offers €1000 in commission-free sales for new accounts activated through a referral link.
  • Checkout is sponsoring the MRC's Fraud Essentials course, available for free to MRC members until September 2025.
  • Tjalling van den Burger, VP of Enterprise Sales at Adyen, will speak at the Future Hospitality Summit on October 2nd about integrated payment solutions in the hospitality industry.
  • Square will be at FSTEC next week with a booth (#631) and a speaking session featuring Gioia's Deli owners and Ming-Tai Huh, Head of Food & Beverage at Square.
  • SumUp has been shortlisted for the Best Fintech Lending Solution Award at the Fintech Awards 2024.
  • Adyen will participate as Diamond Sponsors at PyData Amsterdam 2024, featuring talks by experts Maico Timmerman, Vitalie Spinu, and Laura Israel.
  • Stripe is launching Stripe Delivery Centers in Mexico City to support users and internal teams at scale, as shared by Isabella Nadal, Senior Recruiter at Stripe.
  • Stripe is hiring for its Risk Operations Team in Mexico City to investigate fraud and enhance risk detection strategies.
  • Clover will have a booth at the Military Entrepreneurship Forum on September 17th.
  • Stripe's Data Orchestration team showcased their expertise on Apache Airflow workflows at the Airflow Summit in San Francisco.
  • Square will co-host an exclusive networking event at the FSTec 2024 game on September 17th at Globe Life Field.
  • Adyen showcased seamless cross-channel shopper journeys in a live demo at the SAP Experience Center in New York, highlighting their partnership with SAP.
  • Stripe was recognized as 'ISV Partner of the Year' at Spryker Excite and announced the release of the Stripe Marketplace Connector.
  • Yui Kanazawa has joined Stripe as the APAC Regional Lead - Global Deal Management.
  • Square will participate in the Fast Casual Executive Summit 2024 to discuss innovative customer engagement and operational solutions.
  • Adyen is co-hosting the 'Girls in Conflict' event with Plan Nederland on October 9 in Amsterdam.
  • Checkout reports that consumers in the MENA region are increasingly using digital payment methods instead of cash.
  • Pedro Franceschi and Henrique Dubugras, co-founders of Brex, are among the youngest billionaires in Brazil who are not heirs.
  • Square's Channel Sales team, now led by Alan Amerault, has doubled in size and is actively engaging in global events to strengthen partnerships and change the company's perception.
  • Chris Burgess, Vice President of Enterprise Engineering at Checkout, announced his departure from the company on September 13.
  • Checkout will participate in Forex Expo Dubai 2024.
  • Stripe Europe reported a $1.1 billion loss last year due to a significant increase in share-based payments to employees following a liquidity event in March 2023.
  • Klarna will attend Paris Retail Week 2024 on September 18.
  • Catch Nicolas Beique, CEO/Founder of Helcim, on CBC Radio Canada (French) on September 13.
  • Elavon will attend the WSAA conference in Las Vegas next week to discuss growth opportunities for ISO/ISV businesses.
  • Marjorie Junio-Read, Chief Financial Officer at Helcim, will be a featured speaker at The Peak’s Bet On Canada Summit in Calgary on September 17th.
  • Stax Payments introduced Jeremy Krahl as the new SVP of Business Development.
  • Stripe is partnering with Slush to support startups with financial infrastructure and will host several events for founders and operators at Slush 2024.
  • Checkout.com is a finalist for Momentum ITSMA's Marketing Excellence Awards 2024 in the Scaling ABM Programs and Small and Medium Business categories.
  • SumUp is currently dealing with a phishing attack as reported on September 12.
  • Harshil Mathur of Razorpay stated that Indian FinTechs can replicate their success story in South Asia.
  • Checkout will participate in the Dubai AI & Web3 Festival.
  • Klarna won the Net Zero Award at the Global Sustainability & ESG Awards 2024 for its ambitious 2040 net zero goal to decarbonize its entire value chain.
  • Adyen will be at DMEXCO in Hall 7, booth C016, from September 18-19, with a networking event on September 18.
  • Olivier, who joined Adyen 7 years ago, now leads Operations for their new Bengaluru Tech Hub in India.
  • Sarel Tal, VP EMEA at Rapyd, will speak on a panel about sustainable expansion and funding strategies at the Western States Acquirers Association event in Las Vegas on September 19.
  • Harshil Mathur and Shashank Kumar from Razorpay participated as angel investors in Zivy's $1.2 million pre-seed round.
  • Brex CTO Cosmin Nicolaescu will speak at the GenLA event on September 25.
  • Adyen will join Google Pay Live on September 18th to demonstrate how to accept Google Pay on the Web.
  • Square will participate in The Great Debate at FintechNation 24 on September 20.
  • Adyen will showcase new payment solutions and host a workshop with Caudalie at Paris Retail Week from September 17-20.
  • Elavon has been nominated for the Environment and Sustainability award at the Arklow & District Chamber of Commerce Ball.
  • Marcos Morais Monteiro has started as Head of IT Infrastructure at Helcim.
  • Checkout's latest analysis shows a 200% increase in BNPL payments in the UAE and Saudi Arabia between July and August 2024 compared to the same period in 2023.
  • Brex won the Most Impactful AI-Based Solution at the 2024 Finovate Awards.
  • On September 10, Rapyd's CCO Dr. Shlomit Wagman spoke at CyberTech NYC about AI and fraud in financial markets and payments.
  • Rapyd will showcase its global acquiring solutions and host a speaking session by Sarel Tal, VP EMEA, at the Western States Acquirers Association event in Las Vegas on September 3-4.
  • Igno Uytdehaage from Adyen emphasized the importance of execution at the All-In Summit.
  • Adyen's Co-CEO stated that both Adyen and Stripe are heavily investing in technology to transform the financial sector.
  • Brex President Karandeep will join a fireside chat with Plaid President Jennifer Taylor at SaaStr on September 12.

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