Tagged: fintech

January 26, 2024 @ 3:56 am By Michael Wong  |  

Digital lending platform Vivifi India Finance has raise $75 million in a Series B funding round to further extend loans to the salaried class as well as small businesses in India. This latest infusion of capital comprises $15 million in equity and $60 million in… Read More

January 21, 2024 @ 5:59 pm By Michael Wong  |  

Financial firm AllBank and digital payment platform JustPayTo have announced a strategic partnership aimed at enhancing the digital payment ecosystem in the Philippines. In a statement, the two firms said their partnership seeks to revolutionize the way customers engage in cashless transactions, especially in the… Read More

January 13, 2024 @ 12:21 pm By Michael Wong  |  

Klarivis, a US-based banking data analytics startup, has raised $11 million in its Series B funding round anchored by technology-focused equity firm Blueprint Equity, according to an announcement. Founded in February 2019, KlariVis provides data analytics solutions for community banks and credit unions. The company… Read More

January 13, 2024 @ 10:39 am By Michael Wong  |  

Finoa, a Berlin, Germany-based regulated crypto platform catering to smart capital allocators, announced that it has successfully raised $15 million in a fresh funding round. The investment was co-led by Maven 11 Capital and Balderton Capital, with additional contributions from Blue Bay Ventures, Signature Ventures,… Read More

January 13, 2024 @ 10:37 am By Michael Wong  |  

Prometeo, a Latin America-focused Fintech infrastructure firm, announced that it had secured $13 million in Series A funding led by Antler Elevate. The round also saw participation from new investors, including PayPal Ventures, Samsung Next, and partners from DN Capital, as well as continued support… Read More

December 30, 2023 @ 12:58 pm By Michael Wong  |  

The UK’s Fintech sector is bracing for a talent crunch in the coming year, with a significant gap emerging between the demand for digital skills and the available workforce, City A.M. reported, quoting a leading industry figure. Charlotte Crosswell, chair of the Centre for Finance,… Read More

December 23, 2023 @ 9:26 pm By Michael Wong  |  

Fintech Alliance PH has commended the Philippine government for the enactment of the Internet Transactions Act (ITA), which aims to enhance and secure e-commerce transactions in the country. President Ferdinand R. Marcos Jr. signed Republic Act 11967, known as the ITA, marking a critical step… Read More

December 22, 2023 @ 9:21 am By Michael Wong  |  

LawFi, a mobile-first digital lending and payments platform for the legal profession, has announced raising $1.5 million in its pre-Seed funding round. The round, which will help finance the startup’s expansion, was backed by investment firm Capital Q Ventures and its fund CAPQ BDC. LawFi… Read More

December 22, 2023 @ 7:22 am By Michael Wong  |  

Global investment firm Blackstone has announced a significant move in Japan’s financial technology (fintech) sector, with its private equity funds entering into a definitive agreement to acquire a majority stake in Sony Payment Services Inc. for an undisclosed amount. Blackstone will acquire Sony Payment from… Read More

December 21, 2023 @ 7:41 pm By Michael Wong  |  

Saudi Arabian fintech savings platform Hakbah has successfully raised $5.1 million in a Series A funding round, a substantial boost for the savings platform’s growth and innovation strategies. The round was anchored by venture capital firm VentureSouq and backed by new investors M-Capital and Bunat… Read More

December 17, 2023 @ 4:07 pm By Michael Wong  |  

The United Arab Emirates (UAE) Ministry of Economy and the Government Development has nominated ABHI, a Pakistani fintech operator, as one of the emerging companies contributing significantly to the nation’s economic sector. This recognition came as ABHI recently inked a deal with Visa Inc. and… Read More

December 17, 2023 @ 3:11 pm By Michael Wong  |  

The Saudi Central Bank (SAMA) has officially introduced a set of rules aimed at regulating “Buy Now, Pay Later” (BNPL) services, marking a significant step in overseeing and controlling this rapidly growing sector. This development, as stated in a recent SAMA press release, is part… Read More

December 17, 2023 @ 2:46 pm By Michael Wong  |  

Warply, a rapidly expanding fintech innovator in the Middle East and North Africa (MENA) region, has announced a significant collaboration with global payments technology company Mastercard. This partnership, formalized through a memorandum of understanding (MoU), is set to propel digital transformation in key MENA markets,… Read More

December 17, 2023 @ 6:17 am By Michael Wong  |  

The Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) has urged for tougher regulations in the fintech sector and the operations of Bureaux de Change. This call was made by ACAEBIN Chairman, Prince Akamadu, during the association’s 57th quarterly general meeting in Lagos…. Read More

December 16, 2023 @ 8:44 am By Michael Wong  |  

The online lending sector in India is witnessing a significant upswing, as highlighted in a recent report by the Fintech Association for Consumer Empowerment (FACE). The report details a notable annual growth of 39% in digital loan disbursement volumes and a 43% increase in value,… Read More

December 12, 2023 @ 9:35 am By Michael Wong  |  

The State Bank of Pakistan (SBP) has launched a “regulatory sandbox” framework, issuing preliminary guidelines to foster innovation in the financial technology (Fintech) sector. This initiative, part of the central bank’s Vision 2028 strategy, aims to create a more collaborative regulatory environment for startups and… Read More

December 10, 2023 @ 4:54 pm By Michael Wong  |  

Tokyo-based fintech startup Yoii has announced raising $5.5 million in a Series A funding round anchored by Emellience Partners. The startup, which provides a revenue-based financing (RBF) platform, said the round was also backed by Itochu Technology Ventures, FFG Venture Business Partners, and five other… Read More

December 9, 2023 @ 2:07 pm By Michael Wong  |  

Fintech firm Pontera has raised $60 million in a funding round led by ICONIQ Growth, bringing its total funding to $160 million, according to an announcement. This investment highlights Pontera’s commitment to improving retirement account management for the 85 million Americans with workplace retirement plans,… Read More

December 5, 2023 @ 7:17 pm By Michael Wong  |  

Philippine-based fintech superapp GCash has teamed up with agritech startup Mayani to provide local farmers and fisherfolk with access to a financial platform that will support their needs, according to an announcement. The two tech players teamed-up with a joint mandate to create the Philippines’… Read More

December 4, 2023 @ 6:01 pm By Michael Wong  |  

The digital lending market in the Philippines is poised for a significant expansion, with expectations to grow by 45.4%, reaching $488.8 million this year, from just $336 million a year earlier. This forecast, as per the latest report by PayNEXT360, a research and consulting firm… Read More