PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Healthcare PF Phreesia announced a 27% increase in revenue for its fiscal fourth quarter of 2021 and revenue growth of 19% for the whole fiscal year. The company reported that the percentage of its payments volume that was attributable to its payment facilitator business was 81% for the year. This volume is a “major driver” of its payments processing volume, it said. “Our team’s strength and resilience throughout a challenging fiscal 2021 supported our clients and helped drive our financial results. We are proud to support the incredible ongoing efforts of healthcare providers across the country while furthering Phreesia’s mission of creating a better, more engaging healthcare experience,” said Phreesia CEO Chaim Indig. From Phreesia.
Indian PF Pine Labs is working toward launching an IPO within the next year. The company’s last valuation was $2 billion in December 2020. Sources say it is aiming for a valuation of around $5 billion for its IPO. From The Times of India.
India is becoming the top fintech hub for Asia, according to the leader of the country’s central bank. In a speech last week, Reserve Bank of India Governor Shaktikanta Das noted that, in India’s increasingly digital environment, it was important for banks to work with fintech companies rather than viewing them as competitors. From Yahoo! News.
Race to Recovery
PF GiveSignup | RunSignup reported that the company is growing, following a challenging year for endurance events and nonprofits, the industries it serves. New events on its platforms are outpacing new events from the same time period in 2019, and new payment accounts are being created at a higher rate. “It’s exciting to see recovery come even faster than we anticipated, and we expect to see more growth as our older previous customers return, join the new events and nonprofits we picked up in 2020,” CEO Bob Bickel said. From GiveSignup | RunSignup.