Financial technology firm Numida recently closed a $2.3 million infusion through a recent seed round led by MFS Africa, reported Tech Crunch. The new capital will be used to expand into other markets.
Other participants in the seed round include...
Chinese mobile phone manufacturer, Oppo, announced its new financial technology services armed named Oppo Kash last Monday, March 2, 2020. The company’s new financial services arm comes in the wake of other smartphone manufacturers venturing into the fintech space,...
The U.S. House Committee on Financial Services has recently passed resolutions to create the Task Force on Financial Technology.
The new task force aims to investigate the current legal framework for fintech, how the technology is used in lending and...
UK-based financial technology firm Revolut introduced Saturday, Nov 28, its new GBP Direct Debits available to all customers with local UK account details that live in the European Economic Area (EEA).
The new feature, designed to utilise Modulr’s Direct Debits...
A study by S&P Global Market Intelligence predicts that e-commerce sites would spearhead the transformation of financial services in Southeast Asia. Reported by Fintechnews Singapore, the S&P research said digital and traditional banks’ use of e-commerce is “key” to...
The Kingdom of Saudi Arabia has announced its intention to establish itself as a center of financial technology during the MEFTECH conference, reported Arab News. Ahmed Alkholifey, KSA’s Monetary Authority governor, said that the Kingdom is formulating a strategy...
Fintech initiatives in Europe are ever-evolving with Odyssey Hackathon providing support to increase investments.
Two weeks ago, the annual Open Innovation Program was held in the Netherlands, gathering Europe’s biggest corporate, governmental and non-profit partners to get on the complex...
Financial technology lending firm, Social Finance (SoFi) announced Thursday, January 7, 2021, that it aims to go public via Chamath Palihapitiya-backed company Social Capital Hedosophia Holdings Corp V (SPAC). The partnership is valued at approximately $8.65 billion.
The deal is...
Japan’s multi-conglomerate company Softbank is pushing through a new investment in the Mexican Fintech, allotting about $20 million to startup company Clip.
According to Contxto, Clip will be another multi-million dollar investment from the Japanese company, as part of its...
Investor Anthemis has partnered with Barclays to launch a startup studio Female Innovators Lab, a dedicated studio for female founders in the fintech space.
The studio will be a collaboration with both Anthemis and Barclays, helping customers get pre-seed investment...
