Welcome to?your?daily?FinTech?news!
- How large is the African Tech ecosystems’ untapped potential? While year on year funding trends show one side of the coin - with almost $1.8 billion having been raised in disclosed funding since January 2022 -?Briter?now categorized the 'investable pools' by looking at the total (known) amount raised by each company to address investors at all stages and provide an overview of the 'untapped potential'. Link here
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- Amsterdam-based?BUX
, a neobroker that specialises in the fields of fintech, mobile apps, investments, stocks, and zero-commission, announced on Monday that its clients will be the first in Europe to invest in fractional European ETFs outside of an investment plan. Link here
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- The gig economy is experiencing profound growth in Africa. Yet, all that growth hasn’t changed the status of workers who are seen as contractors rather than employees. Link here
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- Fintech company?Brixo AB
?has chosen to partner with freemium open banking platform?Nordigen
. Link here
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- Klarna
, a leading global retail bank, payments, and shopping service that helps consumers save time and money, be informed and in control, revealed the new "Klarna-fied" brand identity of Stocard, one of the world's leading mobile wallet providers that enables consumers to gather all of their loyalty cards virtually in one single place and receive personalized offers. Link here
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- Banking API provider outfit?Codebase Technologies
?has launched a white-label BNPL offering for banks, fintechs, lenders, and merchants. Link here
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- i2c Inc.
, a leading provider of digital payment and banking technology, announced its partnership with?PingPong
, Hangzhou, China-based fintech unicorn providing business owners with modern, cross-border e-commerce payment solutions. Link here
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- Global fintech platform?Airwallex
?announced the launch of its global Expenses platform, providing a modern solution for businesses to manage their expenses in a fast, seamless, and hassle-free way. Link here
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- ComplyAdvantage
, a global data technology company transforming financial crime detection, announced that?Upgrade, Inc.
, a FinTech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, has selected its award-winning Customer Screening and Monitoring and Transaction Risk Management solutions. Link here
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- Trio?Allan Maman
, 22,?Sonny Mo
, 22, and?Samuel Yang
, 20, are college dropouts on a mission to empower teens to invest.?The three just raised $3.3 million in funding to start?Bloom
, an app to teach teenagers how to invest and give them a platform to do so.?Link here
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- Plastiq
, a rapidly growing Kleiner Perkins-backed fintech for Small and Medium Businesses (SMBs), announced the launch of its next-generation product - Plastiq Pay. Link here
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- In the 21st century, FinTech is leveraging advanced technologies to disrupt banking and financial services and offer customized solutions to users.?Traditional banks, however, find it difficult to upgrade legacy platforms due to slow tech adoption and regulatory and capital investment challenges. As a result, they are making strategic investments in FinTechs and forming bank-FinTech partnerships to delight their customers with innovative products. Read the full?MEDICI Global?article here
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- Jaja Finance
?announces that it has closed the strategic transaction announced in November 2021, resulting in a consortium led by?KKR & Co. Inc.
?and?TDR Capital?LLP
becoming the majority shareholders of Jaja. Link here
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- Last month alone, investment deals worth $13.8 billion were signed at the Global Entrepreneurship Congress held in Riyadh, which also saw global firms announce expansion plans into Saudi Arabia. Link here
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- Brazil‘s?Nubank
, Latin America’s most valuable fintech, is fueling its expansion in Mexico and Colombia with the investment of a $650 million line of credit. Link here
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This ends?Your?Daily?Fintech?News. Let me know if there are any questions or comments. Until the next!