Get your Daily FinTech Crunch. A curated set of news bites about the latest updates on payments, FinTech, DeFi, Crypto, and the world beyond…
- Money View, a Bengaluru-based fintech platform, has raised $75 million
in its series D funding round. New investors include Moscow-based Winter Capital and Evolvence India.
- Propel, a Brooklyn-based startup, has raised $50 million to expand its food stamps app
. The app is used by ? of SNAP-eligible households in the United States. Each year, Providers manage more than $30 billion in food stamp benefits for low-income households.
- Only about a quarter of the population of the Democratic Republic of Congo has a bank or other financial institution account. Over the last five years, a slew of fintech firms
have emerged, bringing financial services closer to people's homes and workplaces through fintech advances.
- Nexta, an Egypt-based fintech and next-generation banking platform, is scheduled to debut with $2.2 million
in capital after successfully meeting all CBE rules and standards. Disruptech led the Pre-SEED round, which included participation from significant international backers.
- In 2021, Nubank added 20.6 million new clients
? globally. That's a daily average of 56k. Even while it still has a long way to catch up to the bigger banks like BBVA and Banco Santander, its future appears bright.??
- A new foreign exchange startup, Atlantic Money, plans on being cheaper than other foreign exchange services. The exchange company
will charge a ￡3 flat fee with no markup on the exchange rate.?
- Insurely raised €19 million
to further its objective of digitizing the insurance sector. The fund will be used to expand the business into new European markets. New York-based Insight Partners led the deal, including participation from Swedish investors Alfvén & Didrikson.?
- In Europe, a banking technology firm has joined Visa Fintech Partner Connect. The initiative assists clients in delivering SMEs with the next generation of digital banking solutions. BankiFi is on a mission
to put banks at the center of its new banking experience, prioritizing customers.
- In 2022, there are new trends and developments that business leaders should have on their map to move towards an open ecosystem vision
. This article looks into how open data presents more opportunities for the fintech industry.
- Bain Capital Ventures (BCV), the venture arm of Bain Capital, has announced its first $560 million crypto-focused fund
. BCV has already put $100 million into a number of unnamed firms.
- NFT marketplaces allow almost anyone to list their goods on their platforms. OpenSea and Rarible are both based on unrestrictive systems and can be categorized as open markets, but which one is better? Read here
for a comparative analysis.
- Amazon's e-commerce supremacy blazed a path of destruction through books, music, toys, sports, and a variety of other retail verticals throughout the 2000s. Amazon is already pursuing chances in businesses that were inconceivable only a few years ago. This research
looks at the five businesses where Amazon's disruptive intents are most obvious right now as well as the seven industries where Amazon's efforts are still in the early stages.
- This report
examines the development activity of 50 top-tier open source projects and ranks them according to their market capitalization or total value locked. The report focuses on core protocol development, not the larger ecosystem of projects that are related with it.
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