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The Middle East is rapidly evolving into a global hub for technological innovation, with 2025 set to be a pivotal year in the regions digital landscape. AI and machine learning are poised to drive innovation across multiple sectors, particularly government, healthcare, and finance.
By Katherine Maslova This has been a year of rapid progress and high expectations for the fintech sector. True AI-powered innovation such as adaptive financial modeling or real-time fraud prevention remains limited. Given the sensitivity of the industry, regulators worldwide have intensified fintech scrutiny.
Turns out theres a pretty fat pipeline of venture-backed fintech startups that meet the basic criteria for an IPO. This includes the heaviest fundraiser Stripe which has famously faced down pressure to go public over the years, despite ranking as the highest valuation private fintech. billion two years ago in a Series I financing.
The Scotts Valley, California-based company is using cloud technology and the Ethereum blockchain as the engine for its Paystand Bank Network that enables business-to-business payments with zero fees. She told TechCrunch that while the venture firm is a generalist, it is rooted in fintech and fintech infrastructure.
Multi-asset social investment network and Robinhood competitor eToro has signed a definitive agreement to acquire Gatsby — a fintech startup which also aimed to go head to head against Robinhood — for $50 million in a cash and common stock deal. Q3 outlook forecasts cloudy days ahead for fintech M&A.
The fintech works with partner companies such as Twiga and MarketForce, which integrate its credit scoring APIs in their platforms to enable their customers to get real-time loan offers. The fintech is able to extend loans of up to $10,000 at single-digit interest rates, and a repayment period of one year. Image Credits: Pezesha.
AI and Machine Learning will drive innovation across the government, healthcare, and banking/financial services sectors, strongly focusing on generative AI and ethical regulation. These trends underscore the Middle Easts ambition to become a global technology hub through strategic investments, innovation, and partnerships.
Biggs explored the potential for blockchain technology to help solve humanitarian challenges through her venture, Proof of Purpose, in 2017, and her TEDx speech on Blockchain Technology that year is considered by many in the blockchain space to be one of the best in the genre. Tesla buys $1.5B
Every week, I’ll take a look at the hottest fintech news of the previous week. I’m not going to lie — upon learning this, my fintech-loving ears perked up. And fintech represented nearly a quarter of the firm’s deals. More than a quarter (28%) of a16z’s fintech investments in 2022 went to the payments category.
Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Since its inception ten years ago, there has been plenty of hype around blockchain. An overview of Blockchain in Business Process Management (BPM).
Welcome to my weekly fintech-focused column. Fintech M&A hasn’t been as robust as one might expect in recent months. So when Goldman Sachs announced this week it was buying NextCapital – a fintech company that provides automated advice to corporate retirement plan participants – my ears perked up.
From artificial intelligence to blockchain and smart cities, the UAEs tech landscape is set to host some of the most significant gatherings of innovators, investors, and entrepreneurs in the region. The week will feature discussions on a range of tech topics, including fintech, digital transformation, smart cities, and cybersecurity.
It’s one reason why the region is home to many fintech businesses born elsewhere that need proximity to a large banking ecosystem, as well as the blockchain/crypto crowd, which have found a highly amenable regulatory environment in Zug, right next door to Zurich. Maximilian Spelmeyer , partner, SIX Fintech Ventures.
Undoubtedly, this is putting added pressure on FinTech executives. The FinTech industry is not an exception and is yet to strike the right balance between timing and scope. The FinTech industry is not an exception and is yet to strike the right balance between timing and scope.
The raise is another example of how infrastructure companies in the fintech world continue to be resilient despite an apparent slowdown in global funding overall. In February, blockchain infrastructure startup Alchemy announced that it had closed on a $200 million Series C1 equity round that valued the company at $10.2
Welcome to The Interchange, a take on this week’s fintech news and trends. Rather than rehash all that here, I’ll point you to some of our recent articles on the topic and just summarize: The two fintech startups have recently grown (much) more competitive. ” But not all fintechs are laying off. Read more here.
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.
Blockchain startup XREX was launched to help cross-border businesses in emerging markets perform faster transactions with products like a payment escrow service and crypto-fiat exchange platform. He began thinking of how blockchain can support financial inclusion in emerging markets like India.
The company was founded in 2018 by Shamir Karkal, Angela Angelovska, Isaac Hines and Alex Lipton to simplify digital payments and storage in a regulatory compliant way and build on blockchain technology. He thought consumers expected a different level of service, which is why many flock to fintechs.
This research indicates that established banking institutions are deploying technology-based innovation to stay competitive with more agile and tech-savvy FinTech startups in two significant areas: Customer experience. Source: “Innovation Digital Listening Research.” Conducted by Quadrant Strategies for Iron Mountain.
The city appears to be strong in areas such as travel, AI, cybersecurity, fintech, agritech, travel tech, biotech, sports tech, and VR. The blockchain/crytpo scene could do with some improvement, according to a few respondents. Key sectors include fintech, agritech and travel tech. Blockchain could be improved.
From lithium battery chemical recycling to smart media, blockchain infrastructure to student-centric educational software, and Sub-Saharan African fintech to cultured-meat production, this batch of companies is sure to wow the investors and the audience. TC aims to pick companies from a range of industries.
The new fund will have a strong focus on (although not limited to) fintech and insurtech companies. Breega’s new fund has also now backed Keebo (fintech), UKIO (proptech) and Mila (insurtech). The new fund doubles its assets under management to half a billion euros. This is Breega’s fourth fundraise in seven years.
The Middle East payments industry is rapidly evolving, driven by several key innovations. These innovations are paving the way for a more efficient, secure, and integrated payments ecosystem in the Middle East, with significant implications for businesses and consumers across the region.
Via FTX, he has invested in many businesses, including blockchain startups Sky Mavis and Circle and brokerage trading company DriveWealth (Chipper Cash recently partnered with DriveWealth to offer U.S. They do some of the most innovative work in the crypto space, so working with them is going to be quite exciting.”.
These rising-star startups represent the innovation taking place across these tech categories: Hardware, Robotics, AI + ML. FinTech + Blockchain. Going through the vetting process reminded us, yet again, just how much creativity, innovation and talent exists within the startup community. HealthTech + BioTech.
Granted, much of that capital was probably raised before the crypto markets started tanking, but we unpacked the storied firm’s strategy and discussed a somewhat questionable investment it just made in a well-known grifter’s new blockchain startup (hint: he kinda looks like Jared Leto). DeFi personal finance app Pebble raised a $6.2
Just yesterday, we talked about Flux , a Nigerian fintech solving this problem in the present YC W2021 batch. It was difficult to send money to Nigeria and his experience as a blockchain developer at Consensys made him realize he could solve a problem. “We million seed round. .
But with the rise of FinTech, consumer expectations, and government pressures being felt throughout the industry, the pressure is on. In the last five years, the rise of FinTech companies and solutions has completely changed how financial services are done. And other things push for reinvention and innovation. Blockchain.
Propel is no stranger to investing in fintech, having backed the likes of Coinbase, DocuSign, Guideline and Hippo. Mort acknowledges that much of the innovation in fintech has historically focused on the banking industry while the insurance industry has been slower to innovate. The need for insurance is only increasing.”.
Suma Wealth is at the intersection of edtech and fintech and is innovating on the blockchain. It is using the blockchain to certify everyone via proof of learning and attendance. “The ‘secret sauce’ is in-culture not in language,” Acevedo told TechCrunch. Users collect non-transferable tokens (NTT) and get perks.
For fintechs to thrive in such a way that they remain meaningful to economies, a synergy between them and regulatory bodies is inevitable. Emtech’s solutions also enable collaboration among multiple regulators, for an integrated regulatory environment that is key to the opening up of cross-border innovations and opportunities.
All that glitters is not legit trading volume : As the market for non-fungible tokens – digital signatures on the blockchain that often point to assets stored on the traditional web, like images – heats up, we’re tracking the various exchanges where trading takes place. Nubank’s present day headquarters in Sao Paulo, Brazil.
While many lament government regulation as an infringement on innovation, I believe increased scrutiny is a net positive for the future of the software industry. anti-competitive practices that stifled innovation, as was the case with AT&T, IBM, Microsoft and today’s tech titans) rather than how their software operated.
Our survey respondents said the city was strong across a broad range of tech industries, particularly those with practical applications: cybersecurity, energy and sustainability, fintech, health care and medtech, edtech and silver tech among others. Mobility, fintech, energy, cybersecurity, healthcare. What are you most excited by?
Blockchain, DeFi and web3 technologies continue to evolve rapidly in a world of wild extremes. AR: Absolutely — lots of people use the word “crypto” as a synonym for everything related to blockchain technology, though it mainly captures the financial applications/tokens themselves. There’s never a dull moment in the cryptoverse.
The SaaS-friendly fintech platform emerged from stealth this week with $150 million in debt financing and $11 million in seed funding with a Stripe partnership. Fintech Brex confirms $12.3B Fintech and insurtech innovation in Brazil set to take off on regulatory tailwinds. Image Credits: Bryce Durbin/TechCrunch.
The Great Expectations of Crypto and Blockchain with Denelle Dixon, CEO and executive director at Stellar Development Foundation, and Alex Holmes, chairman and CEO at Moneygram. Building the Visual Economy Through Developer-Led Innovation with Saranya Babu, chief marketing officer at Cloudinary. Sponsored by Google Cloud.
The total, nevertheless, is still quite low with legacy system complexity only slowing innovation. They will continue to do so as carriers adopt digital strategies… Juggling the onslaught of new innovation and understanding how it can be used to create a competitive edge–very quickly–can be disconcerting. These are the problems.
Why LatAm’s fintech boom is more than hype and superlative venture investment. Venture capital is flowing around the world in unprecedented volumes, but it’s not hyperbole to say that Latin America’s fintech startups are having their best year ever. Female founders are making a buzzing, venture-backed comeback.
This makes us a somewhat unique case in the ecosystem and among our fintech peers in general – few companies have managed to reconcile over 100% year-over-year growth with a positive bottom line,” he told TechCrunch, describing Mercado Bitcoin as “the crown j ewel” of 2TM Group. Dagnoni believes there are a number of factors behind it.
Which is, notably, a new blockchain, and not something built atop an existing decentralized network. Before we dive into the rest of the startup news, there’s an essay up on TechCrunch regarding BNPL (consumer lending fintech, essentially) regulation that’s worth reading. TechCrunch reports. Plaid for commerce ? And after raising a $1.5
Blockchain, DeFi and web3 technologies continue to evolve rapidly in a world of wild extremes. AR: Absolutely — lots of people use the word “crypto” as a synonym for everything related to blockchain technology, though it mainly captures the financial applications/tokens themselves. There’s never a dull moment in the cryptoverse.
Dr. Adam Sanitt is a Knowledge Director specializing in financial disputes, technology and innovation at global law firm Norton Rose Fulbright. s position as a hub for distributed ledger technology (DLT) and fintech. Adam Sanitt. Contributor. Why are property rights important?
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