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Payments remain the darling of the fintech space

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann Last week, I dug into CB Insights’ State of Fintech 2022 report.

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5 reasons why Ukraine’s fintech sector is growing despite war

TechCrunch

Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. Ukrainians have often pioneered market-leading companies and built products that positively impact society, especially in the fintech sector.

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Akros Technologies, an AI-powered asset management platform, raises funding from Z Holdings

TechCrunch

Artificial intelligence is taking over almost every industry. Technology such as AI has digitized the finance sector, ranging from payments and remittances to lending. However, asset management is still in the nascent stage of digitization, according to the chief strategy officer and co-founder of Akros Technologies , Jin Chung.

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Fintech companies must balance the pursuit of profit against ethical data usage

TechCrunch

Australia native Richard Steggall is the CEO of Urban FT , a New York-based fintech company. He has more than two decades of experience in fintech, capital growth, mergers & acquisitions and strategic IPO advisory. Richard Steggall. Contributor. Share on Twitter. Traditional banks miss the digital mark.

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AI fintech products are operating at scale and investor interest is maturing

TechCrunch

It turns out that all the blather we’ve had to endure about artificial intelligence (AI) in the past decade is coming true, at least in certain applications for select companies. The Exchange explores startups, markets and money. But Upstart’s blockbuster guidance for 2021 is just a sliver of the story.

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Fintechs in Africa continue to overshadow all other startups in funding gained

TechCrunch

Fintechs dominated the fundraising, accounting for nearly $3 billion, or two thirds of all the investment realized by startups across the continent last year, a report by markets insights firm Briter Bridges shows. billion investment that fintechs in Africa raised in 2020, and triple the amount in 2019.

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Fidelity, Visa and Kingsway back South African fintech JUMO in $120M round

TechCrunch

JUMO , a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company. billion to more than 18 million customers across these markets, granting up to 120 million individual loans.

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