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7 investors reveal what’s hot in fintech in Q1 2023

TechCrunch

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.

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Marqeta buys fintech Power Finance in $275M all-cash deal, its first acquisition

TechCrunch

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.

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

TechCrunch

At the same time, we are continuing to execute our robust near-term product strategy to support future growth. . It will be interesting to see in this market environment, whether those types of more niche plays are going to be able to attract the funding that they need to sustain themselves. Sign up here to get it in your inbox.

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2025 Middle East tech trends: How CIOs will drive innovation with AI

CIO

Data sovereignty and the development of local cloud infrastructure will remain top priorities in the region, driven by national strategies aimed at ensuring data security and compliance. With the right investments, policies, and strategies in place, the region is on track to become a global leader in digital transformation.

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A tale of two surveys: Fintech VCs change tune on investment landscape

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. 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.

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Top tech trends powering the Middle East’s digital evolution by 2025

CIO

Data sovereignty and local cloud infrastructure will remain priorities, supported by national cloud strategies, particularly in the GCC. Investments in healthcare technologies will grow, driven by national health strategies and pandemic-driven innovation. What specific use cases do you expect to become more widespread?

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QED Investors closes on $1.05B across two funds to invest in fintech companies globally

TechCrunch

Specifically, today QED is announcing a $550 million early-stage fund and a $500 million growth-stage fund , both of which are aimed at backing fintech companies primarily in the U.S., Clearly, Alexandria, Virginia-based QED was investing in fintech before fintech was “cool.” the United Kingdom, Latin America and Southeast Asia.

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