Welcome to?your?daily?FinTech?news!
- A new processing solution from leading banking-as-a-service provider (BaaS) Contis
is set to supercharge the company's growth in the UK and EEA listed countries, enabling client expansion into new geographies. The solution will be available across both small and large banks, fintechs, businesses, and non-finance players in the gaming and gifting sector. Link here
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- Y Combinator
?cofounder Paul Graham once quipped that when it comes to first-time startup founders, “the cutoff [age] in investors’ heads is 32”.?He was only partly joking: a perception endures that the best founders will be 19-year-old wunderkinds like Bill Gates and Mark Zuckerberg, or in their early 30s at the latest.?Research suggests this attitude may be misguided.?Link here
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- Check out the latest Lithuanian FinTech map by?ROCKIT Vilnius
?here
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- Union54 (YC S21)
, a card-issuing startup based in Zambia, has raised $12 million in a seed extension round to further its goal of offering an alternative to major card companies. Link here
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- Investment platform?Scalable Capital
?is expanding further into Europe with its launch in Italy. Scalable is offering Italian investors access to its commission-free trading platform, savings plans, and its just-launched crypto investments. Link here
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- Rio Ferdinand-backed challenger credit card?Yonder
?is breaking fresh ground, with the removal of its credit score requirement. The change means that millions of people who have poor or no credit score will still be able to apply for Yonder’s card, by using their open banking data. Link here
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- PayPal
?and?Venmo
?are increasing their instant transfer fees for both consumers and merchants in the United States in the coming weeks, PayPal announced last Thursday. Instant transfers allow customers to transfer their money instantly to a bank account or debit card for a fee. Link here
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- After five years leading the business development at open banking provider?Yolt
?and becoming a well-known face in the sector,?Leon Muis
?announced his departure. Link here
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- Online pension provider?PensionBee
?voluntarily released its gender pay gap figures again this year to reveal a just 1.6 per cent median gap. Link here
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- Dublin-based?Fenergo
, a provider of digital solutions for Know your Customer (KYC) and client lifecycle management (CLM), announced on Monday that it has acquired Amsterdam’s?Sentinels
, an anti-money laundering (AML) transaction monitoring new market entrant with AI-based technology. The value of the acquisition has not been disclosed. Link here
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- OjirehPrime
?began as an online food store in 2016, and then in 2018, launched her OjirehPrime prepaid card, which grew organically to a 40,000-user community by 2020.?Link here
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- The first quarter of the year has kicked off slowly for fintechs as funding fell 18 per cent quarter on quarter to $28.8bn, despite deals reaching a record high, according to?CB Insights
?data. 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!
