The Weekly Wrap: all you need to know by Friday COB | July 5th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Worldline, a global payment service, has announced the extension of its strategic partnership with BKN301. This Banking-as-a-Service FinTech company continues to grow in the digital payment services market.

By combining Worldline’s issuing and acquiring services, BKN301 introduces fresh, digital solutions to the market.

The partnership, which began in 2022, includes BKN301’s integration of Worldline’s solutions to handle Issuing and Acquiring technical processing activities. This FinTech internationally provides innovative Banking-as-a-Service solutions in EMEA (Europe, Middle East and Africa) markets. It continues its development strategy aimed at ensuring customer experience through secure, fast and reliable transactions.

Deals of the week

• Dice raises $5m in Series A round led by Dallas Venture Capital India Fund
• Paytm launches ‘Paytm Health Saathi’ to insure merchant partners
• heymax.ai raises $2.6m in Seed round led by January Capital
• Bandhan Bank launches online collection of direct taxes facility
• TRIVER raises £2.5m to fuel growth in instant SME lending
• Airwallex joins Intuit QuickBooks to provide seamless multicurrency reporting
• Plumery & Fimple to fuel digital banking journeys for financial institutions

Be on the lookout for

Join us for the 4th FinTech Happy Hour hosted by Cedar-IBSI Capital and Cedar-IBSi FinTech Lab in Mumbai! After successful events in Mumbai and Bengaluru, we’re back for an exclusive evening of networking on July 19th at 6:00 PM. Connect with industry leaders, including FinTech founders, VC investors, and BFSI executives. Gain fundraising insights, learn GTM strategies, and explore collaboration opportunities. This invite-only event promises innovation and entrepreneurial spirit.