PayPal is making group purchases easier with its new feature that allows users to pool money with friends or family to collectively pay for trips, travel, gifts, and more. The feature, which was previously available in 2017 but was shut down in 2021, is being relaunched in the U.S., Germany, U.K., Italy, and Spain ahead of the holidays.

In other fintech news, Klarna has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission, signaling its plans to go public in 2025. The buy now, pay later giant's valuation has reportedly risen to $14.6 billion after one investor increased its stake.

Sales tax automation startup Kintsugi has doubled its valuation to $80 million in less than a year, after raising an additional $4 million in capital. This comes after the company raised a $6 million Series A round in April. Other notable funding rounds include Minu's $30 million Series B round and Senegal's Socium's $5 million seed funding.

Additionally, Indian travel and hospitality aggregator MakeMyTrip has agreed to acquire expense management platform Happay from fintech CRED, and Prosus is aiming to list fintech firm PayU in 2025.