Nigerian fintech Moove lands $20m from British International Investment
BII is the new name of CDC Group, the UK government’s development finance institution.
Financial Inclusion
Paytech Flutterwave hires Gurbhej Dhillon as new CTO
As CTO, Dhillon will be tasked with developing the fintech platform’s architecture and infrastructure.
ICYMI fintech funding round-up: Mapan, Ophelos, Lista, Vibrant and Singletrack
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Video: Bitstamp at Money 20/20 Europe – Putting trust in crypto
We chat with Bitstamp CEO JB Graftieaux to discuss how trust in and adoption of crypto varies across the world.
Credit-building start-up StellarFi launches web app in the US
StellarFi claims to be the only app that reports all bill payments directly to Experian, TransUnion and Equifax.
Indian B2B e-commerce platform Solv raises $40m Series A
Solv says the funding will support its expansion throughout more than 300 cities across Africa and Southeast Asia.
Women in finance – where are they?
Why is the financial sector still failing to attract talented women in 2022?
Stashfin lands $270m in Series C funding to expand in Asia
Stashfin says it will use the new money to expand its footprint across South and Southeast Asia.
Ghana’s Fido raises $30m Series A to broaden financial inclusion in Africa
Fido has now raised $38m to date and intends to use the fresh capital to launch new financial products in Ghana.
Starting small: how Nearside is trying to help create a more inclusive economy
With this rise in new small businesses comes a need for new banking services catered to these new entrepreneurs.
Fintech for migrants Rewire acquires prepaid card provider Imagen
Imagen is Rewire’s first acquisition and will enable it to provide prepaid debit cards in Israel.
Banking start-up Fiinu to launch plug-in overdraft, list on LSE
Fiinu is set to be acquired by media company Immedia for approximately £37.5 million.
Money 20/20 Europe: A new era for a digital Sterling
Project New Era, set to launch in September, is a pilot evaluating the future digital currency ecosystem in the UK.
Europe fintech funding round-up: Cryptio, Fung, Financielle and more
This weekly fintech round-up brings to you funding news from around Europe.
How Stilt is helping immigrants build a financially stable life in the US
FinTech Futures chats with Stilt co-founder Rohit Mittal about the firm’s aims to help immigrants in the US.
Mastercard partners HyperPay to boost digital payments across MENA
As part of the deal, Mastercard has also invested in HyperPay, leading a $40 million funding round.
Swiss fintech ZoodPay acquires Pakistan’s Tez Financial Services
ZoodPay enters Pakistan as a new player in its growing digital lending and fintech space.
YAP expands into Pakistan with EMI licence approval
YAP Pakistan hopes to address the challenges consumers face in the foreign remittance market.
Private market exchange ADDX raises $58m pre-Series B funding
Singapore’s ADDX has now raised approximately $120 million in funding to date.
Creditspring raises £48m to improve financial stability across UK
The latest funding round takes Creditspring’s total funds raised to date to £70 million.
Payments infrastructure firm Xendit lands $300m Series D round
This latest round brings Xendit’s total funding raised to date to $538 million.
The Credit Thing goes live with TrueLayer’s recurring payments API
The Credit Thing will now use TrueLayer’s recurring payment API for improved customer experience.
MarketFinance raises debt financing from Deutsche Bank
The company says the funds will be used to provide up to £100 million in lending to UK SMEs.
Ophelos partners Plend for ethical debt resolution
Ophelos’ machine learning platform will enable Plend to support customers in debt with “fair” payback options.
US fintech Current launches platform API with Plaid as first partner
Current’s platform API enables fintechs to build embedded financial services solutions quickly and easily.
Paying it forward: how Zirtue aims to remove the stress from relationship-based lending
FinTech Futures speaks with Zirtue co-founder and CEO Dennis Cail about tackling predatory lenders.
Fintechs need to take the lead on mental health
Fintech firms cannot disregard the risk of poor mental health among their workforce as ‘just part of the role’.
Brazilian fintech Nomad raises $32m in Series B funding
Nomad previously raised a $20 million Series A round in July 2021.
MPOWER Financing hires Wall Street exec as new head of capital markets
Zaki will lead strategic partnerships for the fintech firm as part of his new role.
LeapFrog and Tana Africa invest in Nigerian paytech Interswitch
LeapFrog and Tana will work with Interswitch to increase its customer base and develop new products.
Altro bags $18m in funding to help people build credit
Altro aims to help people build credit through recurring payments and subscriptions such as Netflix and Hulu.
UK government unveils new law to protect access to cash
Economic secretary to the Treasury John Glen says: “We know that access to cash is still vital for many people.”
MDI aims to become Egypt’s first fully digital bank
MDI aims to drive financial inclusion within Egypt.
Apple invests $25m to help underserved communities via fintech platform CNote
CNote has already started moving Apple’s money into the communities through its platform.
Teen financial literacy app Wingocard shuts down
The Montreal-based fintech was founded in January 2020 and launched in May 2021.
Never having to be “the only”: the importance of representation in fintech
Representation is imperative for business success, and the fintech industry still has strides to make.
Latin American Bitcoin rewards credit card provider YoCripto readies for launch
YoCripto is on a mission to be the first in Latin America to offer a credit card with Bitcoin rewards.
UK credit fintech Pillar raises £13m pre-seed round
The round, led by Global Founders Capital and Backed VC, saw participation from a number of angels.
LatAm SME financial services platform Xepelin raises $111m Series B
The company operates in Mexico and Chile and has more than 450 employees spread throughout LatAm.
Another brick in the wall: how Bloom is helping teens build financial literacy skills
Bloom enables teenagers to start building wealth by investing in the stock market and learning about finances.
