Today in FinTech: Rakuten joins Uber Eats


In today’s FinTech news, Uber Eats customers in Japan will soon be able to use Rakuten for payments, while Zambian card-issuing startup Union54 has added more growth to its seed funding round. Additionally, FinTech founder Ualá landed $30 million for his new venture capital operation 17Sigma.

Rakuten partners with Uber Eats Japan for digital payments

Uber Eats customers in Japan will soon be able to use Rakuten Pay as a payment option. Rakuten Pay, the online payment service of the Rakuten Group, processes payments using the credit card linked to the Rakuten ID system.

The new service will be available at the end of this month and also allows users to earn Rakuten points when ordering through Uber Eats and pay for orders using earned points.

Zambian Card Issuer Union54 raises $12 million

Zambian card-issuing startup Union54 has just added more to its seed funding round, bringing its total to $12 million.

The round was led by Tiger Global, Vibe VC and new investors Earl Gray Capital and Not Boring Capital, and the startup will use the new capital to further its goal of providing an alternative to major card companies.

The founder of Ualá in Argentina launches a venture capital fund

FinTech Ualá founder Pierpaolo Barbieri secured $30 million for his new venture capital operation 17Sigmawhich focus on early-stage Latin American startups.

Ualá, a Buenos Aires-based financial services company that also operates in Mexico and Colombia, is one of the region’s unicorns and was valued at $2.5 billion in its last funding round in August 2021. .

Philippine firm BNPL BillEase raises $20 million credit facility

Buy Now Pay Later (BNPL) startup BillEase has raised $20 million from emerging markets credit provider Lendable.

The funds will be used to accelerate its growth across the Philippines. Alongside its BNPL offering, BillEase offers other in-app services, including personal loans, e-wallet top-ups, mobile top-ups, and game credits.

UK SMEs get ‘instant, one-click’ loans via in-app finance

Anil Stocker, co-founder and CEO of London-based FinTech MarketFinance, told PYMNTS in an interview that people expect the same one-click service in their trading applications as they do in their consumer apps.



Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Find out how all-in-one payment solutions can help businesses streamline B2B transactions and eliminate transaction friction. AP and AR management

On: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow visibility, 56% believe the solution could be difficult to integrate with AP systems and existing ARs. The Future Of Business Payables innovation report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed customer expectations. SMEs and help sustain their activities.


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