This week, the Bank Automation News funding wrap profiles three fintechs from across the globe, all with valuations of more than a $1 billion, indicating investors’ appetite for payments and billing fintechs. Here’s a look at the highlights:

Zeta  

Zeta, a cloud-native neobanking platform, raised $250 million in a Series C round from SoftBank Vision Fund 2, taking the fintech’s valuation to $1.45 billion. “The funding is predominantly going to be used in expansion of our product line, and particularly focused on the US, UK and European markets,” Ramki Gaddipati, Zeta, co-founder and chief technology officer, told BAN. Zeta’s API-driven solution has a digital core and a payment engine for the issuance of credit, debit and prepaid products. 

“Most banks still employ technology which is significantly older than their customers, impacting user experience and engagement,” Munish Varma, managing partner, SoftBank Investment Advisers said in a statement. “Zeta’s modern Omni Stack will drive banking software upgrades catering to the digital consumer, and innovations in financial services globally,” he added. 

Sodexo, one of Zeta’s customers, participated as an additional minority investor in the round.  

OPay     

OPay, an Africa-focused payments and financial services company, is reportedly in talks to raise $400 million in funding that would park the firm’s valuation at over $1.5 billion, The Information reported Wednesday.   

Started in Nigeria in 2018, OPay has since expanded to Egypt and, while much of its customer base is on the African continent, a majority of the fintech’s investors hail from China. In two previous funding rounds, the fintech raised a total of $170 million in investment from groups like Beijing-based IDG Capital and Tokyo-based multinational SoftBank.   

OPay has “more than 2 million wallets with balances, totaling over $17 million,” Joshua Yau, managing vice president for OPay in Nigeria, said in a May statement. “As a payment company, it grew its total gross transaction value 4.5 times to over $2 billion in December,” he added. The company, incubated by Chinese-owned and Norwegian-based browser company Opera, launched its mobile payment service in 2018. OPay did not respond to a request for comment seeking confirmation of the fundraise.  

Resolve 

Resolve, a business-to-business (B2B) digital credit solutions provider, announced Tuesday a $60 million capital raise from Initialized Capital, Affirm and other top investors. The company was launched as a spinout from point of sale lender Affirm in 2019.  

Resolve’s credit billing platform allows for B2B buy-now, pay-later transactions and integrates seamlessly with other financial systems. The company has a built-in network of liquidity providers, including banks. The company’s credit billing platform syncs with a merchant’s real-time data feed of past payment histories to enable immediate credit line decisioning with no input required from buyers. Resolve did not respond to a BAN request for additional details regarding its liquidity providers.  

“Growing companies must balance heightened demand for deferring payments from their business customers with their own limited capacities to satisfy that demand,” said Chris Tsai, Resolve’s CEO, in a statement. “This round of equity and asset funding will scale our ability to embed credit billing so these businesses can unlock sales growth and cash flow while minimizing risk and effort,” he added.   

While businesses extending credit is nothing new, Resolve may be onto something with its solution. “B2B ‘buy now pay later’ has been around for thousands of years for businesses who buy and sell on credit from one another,” Alda Leu Dennis, general partner at venture capital firm Initialized Capital, said in a statement. “Resolve’s billing platform for deferred payments modernizes this timeless B2B transaction with technology that’s built for the digital and e-commerce era.”