Today, in digital banking, CloudPay seizes $ 58 million in a fundraiser. Plus, Revolut Payday gives employees early access to their paychecks, and One rakes in $ 40 million in Series B funding.
Revolut Intros Payday Early Wage Access For UK
Revolut is partnering with employers in the UK to provide early access to wages to their employees through FinTech’s latest financial services product. Payday allows employees to take a portion of their salary as they earn it and instantly transfer funds to their accounts, Revolut said in a press release Thursday, August 19.
CloudPay Sees Increase in Demand for Treasury Services, Secures $ 58 Million Funding
Global payment service provider CloudPay has raised $ 58 million in a new fundraiser, according to a press release. With the new funds, CloudPay is preparing to continue growing its employee compensation solution. The company is working to unify global payment systems.
One Finance closes $ 40 million Series B funding round
FinTech One has closed a $ 40 million Series B funding round, according to an announcement from One founder and CEO Brian Hamilton. The cycle, which included investments from Progressive, Foundation Capital, Obvious Ventures, Core Innovation Capital and others, will help One “to use feedback from our early clients to innovate on the financial products that matter most to them. Hamilton said in the ad.