This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Africa’s fintech space has gained proper attention over the past few years in investments but it is not news that startups still battle with offering high-quality products. Appzone is a fintech software provider. Appzone is a fintech software provider. Appzone clearly plays a different game from other African fintechs.
You could describe Pix as “a government-built version of Venmo,” as João Pedro Thompson, founder of fintech Z1, told TechCrunch. To understand what’s going on with regulations in Brazil, and how this is affecting startups, I reached out to experts with firsthand knowledge of Latin America’s fintech ecosystem.
Fintech has fallen a long way from the highs of 2021, and while 2022 was largely about the reset of the funding environment, 2023 is going to be a year of recalibration for fintech companies. Larger companies are more likely to cut back on internal innovation efforts and technology investments that are not core to the business.
Grant Easterbrook Contributor Share on Twitter Grant Easterbrook is a fintech consultant based in Amsterdam. Much has been written about the success of fintech and how this wave of technological innovation has changed consumers’ lives. He also co-founded Dream Forward, which was acquired in 2020.
Known for its innovations in the payments sector, Square is now officially a bank. In a statement, Square CFO and executive chairman for Square Financial Services, Amrita Ahuja said that bringing banking capability in house will allow the fintech to “operate more nimbly.”. The trend of fintechs becoming bank continues.
The relationships between banks and fintechs are multi-faceted. Well, today, an announcement by global payments giant Visa is aimed at helping facilitate banks and fintechs’ ability to work together. I talked with Terry Angelos, senior vice president and global head of fintech at Visa, to understand just exactly what that means.
The last five years have seen a plethora of fintech applications in Nigeria (and Africa, in general) grow at an astonishing rate. If anything one can learn from the Nigerian fintech ecosystem over the past two years is that with growth comes regulatory scrutiny. investors in African fintech. Image Credits: Okra.
They are responsible for communication between banks and fintechs to settle transactions for consumers and businesses swiftly. An alternative payment network with connected wallets allowing a mobile money user to transact with a bank account would fix this problem, and that’s the premise of Ghana-based fintech Dash.
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.
The global downturn has impacted every sector, but fintech bore the brunt of it as public-market valuations fell off a cliff last year. CB Insights recently found that two of the largest global VC firms, Sequoia Capital and Andreessen Horowitz, actually backed more fintech companies in 2022 than any other category.
With the likes of Okra, Plaid, Stitch and OnePipe also streamlining various financial data in single APIs, the battle to provide customers’ financial information to companies and third-party developers is heating up nicely, hence the need to ship more innovative products down the line. Everything that we do at Mono is mostly customer-driven.
Explore the dynamic intersection of responsible AI, regulation, and ethics in the FinTech sector. This article highlights key challenges and innovative practices as organizations navigate compliance with evolving guidelines like the EU AI Act.
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.
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.
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. On a high level, it’s no surprise that funding flowing into fintech startups was down both globally and in the U.S.
Marqeta has agreed to acquire two-year-old fintech infrastructure startup Power Finance for $223 million in cash, marking the first acquisition in the publicly-traded company’s 13-year history. In other words, it provides the tools for companies — fintechs and otherwise — to provide cards, wallets and other payment mechanisms.
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. billion last year — would join the long list of fintech giants letting go of workers. Weekly News.
India’s Decentro , the Y Combinator-backed startup that helps companies enter the fintech market by deploying its APIs, has raised $4.7 “Whenever a fintech startup or a company wants to launch a new product in the market, it takes them a minimum of a few months to launch. million in a Series A round.
Reading Time: 2 minutes The financial technology (fintech) sector is rapidly evolving, and at the forefront of this transformation is artificial intelligence (AI). As businesses strive to meet changing consumer demands and navigate a competitive landscape, AI is emerging as a key driver of innovation in finance.
Over the years, there has been a growing trend of fintech infrastructure players around the world. Stitch , a South African fintech startup, is one of them and today, it is coming out of stealth and announcing its seed round of $4 million. This makes it the largest round raised by any API fintech startup in Africa at the moment.
For nearly all fintech startups, lending has long been the end game. Fintechs typically partner with banks to issue cards and then tie up with non-banking financial institutions or use their own NBFC unit to offer credit lines to consumers. “What the RBI is essentially saying here is don’t load credit line on PPI.
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. Based on that categorization, the fintech space ranked third behind food and transportation, respectively.
Truist — one of the nation’s largest financial institutions — has acquired Long Game , a 12-person fintech startup that has raised over $20 million in venture capital, executives have told TechCrunch exclusively. Fintech Roundup: Fintechs and banks are getting cozier. As of June 2021, Charlotte, N.C.-based
The urge to reduce costs imperils continued investment in innovative financial products and services, while at the same time customers have higher expectations than ever for easy, effective, and great experiences. On paper, this looks like a slam-dunk scenario for the burgeoning industry of new nimble fintech providers.
By Simon Wu In tech circles, weve been hearing it a lot: fintech is back. A new wave of fintech companies is emerging, not by competing head-on with these giants, but by going narrow where others go broad. In 2025, the most exciting fintech startups wont look like traditional fintech at all.
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.
CRED plans to invest about $10 million in its lending partner LiquiLoans as the Indian fintech startup broadens its ownership in financial services, TechCrunch has learned and confirmed. Indian fintech CRED to invest in lending partner LiquiLoans by Manish Singh originally published on TechCrunch.
Indian fintech Money View said on Monday it has raised $75 million in a new funding round, its second this year, despite the market slump as it looks to scale its core credit business and build more products in the South Asian market. Money View is currently disbursing about $1.2
Francophone Africa has its first unicorn, and if you’ve been following tech on the continent, you will be very unsurprised to hear that it’s coming from the world of fintech. The YC-backed company became a WorldRemit subsidiary last year when the global fintech paid up to $500 million in cash and stock for Sendwave.
In this week’s edition of The Interchange, we touch on the resilience of BaaS in a sometimes messy fintech space, earnings highlights, and much more. We are particularly excited this year because we have our very own Fintech Stage ! If you want to receive this in your inbox every Sunday, sign up here. This is a first.
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.
Serial fintech entrepreneur Walter Cruttenden founded Acorns with his son, Jeff, in 2012 with the goal of helping low- and middle-income households invest and save responsibly. Acorns’ SPAC listing depicts a consumer fintech business with a SaaSy revenue mix. Then in 2018, Walter went live with a new company — Blast.
Early-stage fintech-focused venture firm Better Tomorrow Ventures has raised $225 million for its second fund — triple the amount it raised for its debut fund that closed in September of 2020. Fintech’s recent explosive growth is reflected in the increase in fund size for BTV, and the firm remains squarely focused on the space. . “
Human rights activist and Mos founder Amira Yahyaoui couldn’t afford to go to college, so when she first launched a platform to connect students to scholarships, the innovation felt full circle. One question for all fintechs, as underscored by PayPal’s recent earnings, is the quality of its users long-term. Image Credits: Mos.
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. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Weekly News.
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.
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.
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. Watching one-click checkout startup Fast crash and burn was certainly one of the biggest stories in fintech this year.
According to the survey, the city is strong in sectors such as fintech, agritech, hospitality tech, emerging tech, cybersecurity, SaaS and medtech. We’re strong in cybersecurity and (to an arguably lesser extent) fintech. Cybersecurity, fintech, digital — strong medtech — needs building. What are you most excited by?
Grant Easterbrook Contributor Share on Twitter Grant Easterbrook is a fintech consultant based in Amsterdam. Given the intense interest in the fintech sector, it’s worth examining three more concepts that initially seemed promising, but largely failed to change the financial services industry. But there’s more to the story.
Less than seven months after closing on a $57 million Series B , fast-growing fintech Jeeves has raised $180 million in a Series C round that values the company at $2.1 Fintech startup Jeeves raises $57M, goes from YC to $500M valuation in one year. As with many other fintechs in this space, Jeeves has expanded its scope over time.
After the 2008 financial crisis, a new slate of regulations aimed at protecting consumers and businesses opened the floodgates for a surge of fintech companies to develop into household names over the last decade. An increase in healthcare innovation is listed as one of the act’s goals. Now, it might be healthcare’s turn.
While achieving balance between operational excellence and innovation is always a challenge for CIOs, the tension laid bare by Kyndryl’s survey results suggests either that CEOs have not adequately elevated their CIOs’ remit or that their CIOs are not as transformational as they should be.
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content