Adyen rolls out Alipay in stores worldwide
Adyen, the payments platform of choice for the world’s leading companies, today expanded its partnership with the world’s largest third-party mobile and online payment platform, Alipay, to enable retailers worldwide to easily accept non-cash payments from Chinese customers in store.
Used by more than 520 million people, the Alipay partnership comes at a pivotal time ahead of the Golden Week retail rush.
China’s National Day Golden Week started on Sunday 1st October, marking a seven-day holiday where over four million Chinese residents will travel abroad to make the most of retail opportunities. The Chinese spend $300 billion abroad each year, and analysts estimate that UK retailers stand to make upwards of $337 million over the period.
BofA turns to Microsoft Cloud for digital transformation
As part of its digital transformation, Bank of America is turning to the Microsoft Cloud to help deliver new business efficiencies, support digital culture change and better meet customer needs.
“Technology is increasingly providing a competitive advantage to financial services firms looking to thrive in the digital economy,” said Judson Althoff, executive vice president, Worldwide Commercial Business, Microsoft Corp. “Bank of America is taking a very strategic approach to cloud, looking at technology as a means to drive change and open up new business opportunities. With Microsoft Office 365 and Azure, the firm will have access to the breadth and depth of our cloud capabilities, underscored by Microsoft’s investments in security, transparency and regulatory compliance.”
BrickVest secures £7 million funding and tie-up with German bank
BrickVest, the online real estate investment platform, today announces the final close of its second fundraising round with £7 million, representing one of the largest series A fundraise in the property tech (‘proptech’) sector.
The lead investor is Berlin Hyp, the real estate finance provider to Germany’s largest banking group, the Savings Banks Finance Group. Berlin Hyp has acquired a minority stake in BrickVest, and the two firms have formed strategic partnership.
The unique partnership with Europe’s third largest real estate lender will enable BrickVest to grow its investor base, execute its ambitious business growth plan and rapidly expand the company’s deal catalogue.
SalaryFinance closes £40 million investment round
SalaryFinance, the innovative financial wellbeing employee benefits firm, today announces it has completed a £40m funding round (subject to Financial Conduct Authority approval).
The round was led by FTSE 100 financial services firm Legal & General with founding investor Blenheim Chalcot, the U.K.’s leading digital venture builder, also participating.
SalaryFinance is one of the U.K.’s fastest-growing employee benefits businesses, specialising in technology to help employees improve their financial health, consolidate debt and start saving. This investment signals growing recognition of the impact that financial concerns have on work and life, and the potential of workplace benefits to improve the lives of employees.
