Tagged: covid-19

September 9, 2020 @ 7:50 am By Samantha Hurst  |  

Salaryo, a U.S.-based fintech platform for freelancers and startups, announced on Wednesday it raised $5.8 million through its latest investment round, which was led by Variant Investments, Dubai-based private equity fund KEN Investments, Techstars Ventures, and Michael Ullmann’s investment group, bringing its total funding to $12 million. This… Read More

September 8, 2020 @ 7:49 am By Omar Faridi  |  

Billion-dollar food delivery giant, Just Eat in France, is now accepting Bitcoin (BTC) payments. Just Eat had been allowing users to pay with Apple Pay, Google Pay, PayPal, and also with their credit cards through its website. Other traditional payments options such as checks and… Read More

September 7, 2020 @ 11:16 pm By Omar Faridi  |  

Indonesia’s Fintech Lenders Association (AFPI) has reportedly offered to help with disbursing funds that have been allocated to the country’s national economic recovery program (PEN). As first reported by the Jakarta Post, the Indonesian government has been struggling to obtain the data required to provide… Read More

September 7, 2020 @ 11:03 pm By Omar Faridi  |  

Payments giant Visa has teamed up with Pakistan’s Daraz, an online marketplace and logistics firm which operates in markets of South Asia and Southeast Asia (owned by Alibaba Group). Through the long-term, strategic partnership, the companies will introduce “Visa Mondays,” which will allow Daraz customers… Read More

September 7, 2020 @ 10:00 pm By Omar Faridi  |  

Kokila Alagh, Founder of KARM Legal and a member of the MENA Fintech board, recently shared the latest updates from the Middle East region, including the United Arab Emirates (UAE) with Crowdfund Insider. Alagh works closely with the Arab Monetary Fund (AMF), the Dubai International… Read More

September 7, 2020 @ 12:25 pm By Omar Faridi  |  

Latvia-based peer to peer (P2P) lender Grupeer has provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team noted that, as its clients already know, since April 2020, the lender had suspended its “economic activity.”… Read More

September 6, 2020 @ 7:44 pm By Omar Faridi  |  

October, a leading European online lender, confirms that State guaranteed loans were recently introduced in France by the nation’s government in order to help businesses during the COVID-19 pandemic, as they might be struggling to maintain operations. October explains that the French government aims to… Read More

September 6, 2020 @ 5:00 pm By Omar Faridi  |  

Online peer to peer (P2P) lender Robo.cash is reportedly getting ready to conduct its initial public offering (IPO) in Australia in December of this year. Robocash Group, which is the parent company of Europe based P2P lender Robo.cash, will be the next Fintech service provider… Read More

September 5, 2020 @ 2:11 pm By Omar Faridi  |  

Senator Andrew Bragg, the Chair of the Senate Select Committee on financial technology and regulatory technology in Australia, recently introduced an interim report which included 32 different recommendations. Bragg noted that as the country tries to cope with its first recession in the past three… Read More

September 2, 2020 @ 9:34 pm By Omar Faridi  |  

Asian Fintech firm GoBear, which secured $17 million in capital in May 2020 to expand operations, has reportedly decided to lay off 22 staff members – which includes 6 workers based in Singapore. GoBear’s management has also laid off employees based in Ukraine, Vietnam, and… Read More

September 2, 2020 @ 10:54 am By JD Alois  |  

Cash as a payment option continues to decline in popularity around the world due to the ongoing COVID-19 health crisis. It has long been known that cash can be a transport vehicle for germs and just very dirty in general. The Coronavirus has brought this… Read More

August 31, 2020 @ 11:57 am By Omar Faridi  |  

The MENA region is reportedly experiencing a strong revival of its digital commerce and virtual payments sector, particularly during the past quarter of this year. This key Fintech trend is expected to continue and also keep up its current growth rate in the coming years,… Read More

August 31, 2020 @ 10:01 am By Samantha Hurst  |  

UK-based challenger bank Tide recently announced it is continuing to pause Tide Bounce Back Loans until the UK government offers direct funding. The update came less than two months after Tide revealed its plans to paused its bounce back loan lending and closed its waiting… Read More

August 29, 2020 @ 12:48 pm By Omar Faridi  |  

Crowd2Fund, an FCA-regulated crowdfunding platform for individual investors and businesses that claims to be the only peer-to-peer platform to offer 5 types of finance, across debt and equity investments, recently revealed that it will be relaunching its platform with a new type of credit model… Read More

August 28, 2020 @ 9:37 am By Omar Faridi  |  

Peer to peer (P2P) lenders in the UK have, at times, been criticized for not being able to offer the best services to their clients. However, they’ve also recently been praised for their overall approach and response to the Coronavirus outbreak which has created many… Read More

August 24, 2020 @ 11:50 pm By Omar Faridi  |  

Pakistan still has a very large informal economy, meaning many (or most) transactions are still settled with cash. The majority of the nation’s residents do not have access to a bank account or modern financial services. However, local Fintech and digital wallet solution providers such… Read More

August 24, 2020 @ 10:01 pm By Omar Faridi  |  

Levent Künzi, co-founder and CEO of Properti, a technology-driven real estate firm focused on modernizing residential real estate in Europe, notes that the COVID-19 crisis has shown us that even large transactions, such as purchasing a property, may be finalized completely in an online or… Read More

August 24, 2020 @ 9:58 pm By Omar Faridi  |  

Taro Aso, the Japanese Finance Minister, has reportedly said that blockchain or distributed ledger technology (DLT) could potentially help with combating the COVID-19 pandemic. Aso believes that DLT-powered solutions may be used for contact tracing while ensuring the privacy of user data. Aso, whose comments… Read More

August 24, 2020 @ 4:18 pm By Omar Faridi  |  

UK-based Fintech firms claim that they have been unfairly excluded from government-backed investment programs. Fintech business owners say that there has to be a stronger push for proper regulations for the sector, according to a recent survey released by the Digital Finance Forum (DFF). DFF… Read More

August 24, 2020 @ 1:49 pm By Omar Faridi  |  

The National Bank of Egypt (NBE), the country’s largest banking institution in terms of total assets, number of branches and employees, has introduced several services via its Al Ahly Net and NBE mobile app, in order to support its digital banking strategy. Hisham Okasha, chairman… Read More