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Nigerian digital bank Kuda is the latest African startup to lay off employees

TechCrunch

Kuda , the challenger bank based in Nigeria and the U.K., Kuda, the African challenger bank, raises $55M at a $500M valuation. has joined the ranks of tech companies in Africa that are pruning their workforce.

Banking 343
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Digital banking solutions provider Meniga closes additional €10M investment

TechCrunch

Meniga , the London fintech that provides digital banking technology to leading banks, has closed €10 million in additional funding. Meniga says the funding will be used for continued investment in R&D, and in particular further development of green banking products — building on its carbon spending insights product.

Banking 277
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Most fintechs partner with banks; Varo became one, and says it’s paying off

TechCrunch

Last month, Varo Bank celebrated the two-year anniversary of obtaining its national bank charter. consumer bank. The startup launched its banking services in 2017, aimed at making younger consumers comfortable doing all their banking online. The move made Varo the first-ever all-digital nationally chartered U.S.

Banking 307
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Sweden-based digital bank Northmill raises $30M

TechCrunch

Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Founded nearly 15 years ago and originally operating as a credit provider, in 2019 Northmill secured a full banking license, regulated by the Swedish Financial Supervisory Authority.

Banking 234
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Mexican challenger bank albo raises $45 million to expand

TechCrunch

With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. albo has proven its ability to drive sustainable growth and is leading the market.

Banking 240
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Six steps to creating a successful IT strategy: A guide for CIOs

CIO

Addressing these root causes ensures that solutions are effective and sustainable, leading to more permanent improvements and preventing recurring problems. He was selected as a Wells Fargo Global Fellow, whereby he helped a Philippine Micro Finance Bank and its clients in conjunction with Bankers Without Borders.

Strategy 200
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Female Invest acquires sustainability-focused investment platform Gaia Investments

TechCrunch

The Copenhagen-based startup announced the acquisition of fellow Danish fintech Gaia Investments this week with plans to integrate the trading platform, which focuses on investing in companies with sustainability goals, into its app. ” She added that she thinks the platform gets that request so often because its users trust it.