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- Mobile point-of-sale provider FreedomPay said it has signed Sephora USA, a retail chain offering beauty products at more than 500 stores.
- The total value of consumer credit card rewards globally will rise 15% to $108 billion by 2026 from $92 billion this year, fueled by increasing adoption of cobranded cards issued by merchants, according to Juniper Research.
- Ramp, a 3-year-old fintech that issues corporate cards, announced a $750-million funding round led by Founders Fund. The round values the company at $8.1 billion.
- Helcim Inc., a payments provider specializing in small businesses, announced a Series A funding round led by Venture Partners and Aquiline Technology Growth. Details were not announced.
- KYN Capital Group unveiled it Koinfold debit card, with sign-ups starting next month. The card, announced in June, taps a user’s account at KYN Capital and is expected to offer crypto rewards.
- U.S.-based personal-identity platform Jumio Corp. said it has expanded its operations in the Middle East, Turkey, and North Africa region.
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