In today’s top payments news around the world, Ada Health has notched $90 million in a Series B fundraise headed up by Leaps by Bayer, while Wayflyer has landed $76 million in funding. Plus, ToditoCash has disbursed 200,000 cash payments for the social media platform TikTok.
Ada Health, a Germany-based digital health firm, landed $90 million in a Leaps by Bayer-led Series B fundraise. Mutschler Ventures, F4, Inteligo Bank, Vitruvian Partners and Samsung Catalyst Fund also took part in the round. “Investing in breakthrough technologies that drive digital change in healthcare is one of the strategic imperatives for Leaps by Bayer and for the entire field of healthcare,” Dr. Jürgen Eckhardt, head of Leaps by Bayer, said in a release.
Wayflyer, which is headquartered in Dublin, Ireland, has notched $76 million in funding. “Wayflyer exists to help eCommerce businesses grow, and to reduce the traditional barriers they face as they scale,” the firm wrote in a blog post, adding that its expedient expansion illustrates a “focus on solving our customers’ biggest problems and helping them achieve their goals.” Wayflyer said it will harness the infusion to “develop more solutions that help eCommerce businesses scale and develop our offering across the globe.”
ToditoCash, which is headquartered in Mexico, has disbursed 200,000 cash payments for the social media platform TikTok. TikTok has been operating a promotion for its app that provides users with cash when they suggest it to friends. To that end, it pays as many as 150 Mexican pesos (approximately $7.50) to those who endorse the app. According to a release, TikTok “has contracted ToditoCash as its lead vehicle for payments to users.” ToditoCash has in excess of 28,000 clients in Mexico.
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