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Mexico’s fintech success: How tech is driving the population to banking

TechCrunch

Considering that nearly 40 million people in Mexico (almost a third of the population) are unbanked, fintech has been a necessary vehicle for fresh routes for credit, insurance and remittances. And because many Mexicans have little trust in banks, the transparency of fintech options has played a big part in people adopting the new technology.

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Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth

TechCrunch

Affordability is one of the biggest impediments for insurance penetration in Kenya. The API-powered platform is using technology to disrupt a market that is largely dominated by traditional insurance companies, many of which are reluctant to abandon lengthy paperwork, and traditional payment modalities for both premiums and claims. “We

Insurance 202
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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

If you recall, we released a year in review in January 2020 before we released the fiscal year of 2019 report,” he told TechCrunch. The company’s annual reports reveal numbers on gross earnings, profit/loss before and after-tax, net impairment loss, total assets, liabilities, and equity, among others. billion (~$241.35

Banking 291
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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Given Sudan’s very nascent tech ecosystem — Bloom is the country’s second venture-backed startup in over 30 years and YC’s first in the country — it’ll be interesting to see if the startup, with heavyweight founders, can achieve success and open up the Sudanese tech ecosystem. Website : [link].

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The 6 most important things to know about SaaS+ product architecture

TechCrunch

These concepts have technical implications but are as much business logic decisions as architectural ones. Being aligned on these concepts will drive product roadmap, core technical architecture, pricing strategy and product marketing. This is especially critical if you hope to sell regulated products such as embedded insurance.

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Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years

TechCrunch

It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo. China is also home to one of the world’s largest e-commerce and tech ecosystems. The tech revolution hasn’t yet affected the bottled beverage industry quite as much as it has others.

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Extra Crunch roundup: Lordstown Motors’ woes, how co-CEOs work, Brian Chesky interview

TechCrunch

Expenses were higher than expected, it plans to slash production by about 50%, and the company reported zero revenue and a net loss of $125 million. As I described in Part 2 of this EC-1 , that staffing efficiency is partly due to its culture and who it hires. Embedded finance will help fill the life insurance coverage gap.