Oportun to buy neobank Digit in $213m deal
Acquisition intended to accelerate Oportun’s expansion plans by three to five years.
Acquisition intended to accelerate Oportun’s expansion plans by three to five years.
The supplier’s AgileReporter platform forms part of the UK regional bank’s tech stack.
The $800,000 round comes ahead of a planned launch in UAE later this year.
The deal is expected to close in the second half of 2022.
The UK alternative lender is expanding its services using the new platform.
The fintech has achieved one of the largest funding rounds to date in Latin America.
The company launched in Argentina in 2017 before expanding its services to Mexico last year.
The firm will offer access to credit, financial coaching, and savings.
The uptake of blockchain and crypto has been growing in Africa, driven by the economic climate on the continent.
The company will use the cash to expand into more emerging markets.
The service plans to offer a “fully-aggregated” and “one-stop” financial planning tool.
Edfundo says it is on a mission to help 8 to 18-year-olds become financially literate.
Menta’s platform is designed to improve access to credit for the underbanked.
Our top pick of news from the world of finance and tech in bitesize video format, every week.
SMEs comprise approximately 99.8% of all businesses in the country.
Mynt’s most notable subsidiary, GCash, is the archipelago nation’s most popular e-wallet.
Temenos’ Transact and Infinity products will replace the bank’s legacy systems.
Scout aims to connect users with “the world’s top athletes and business minds”.
Bank says the pandemic has caused a shift to digital payments across Africa.
Central bank-backed scheme facilitates digital payments to merchants and service providers using QR codes.
The funding round takes the 10-month-old company’s valuation to $210 million.
Ebanx CEO says acquisition will broaden access to the “very best payment solutions”.
The start-up supports small and medium-sized local lenders in the US.
The e-filing company will also broaden its offering to people and businesses.
Groww will use the cash to expand its reach into underserved parts of India.
Central bank claims CBDC will boost financial inclusion in the continent’s most populous nation.
I’d love to see the excitement caused by BNPL stretch to areas where lending is desperately needed.
A deep-dive report into the industry, focusing on the emerging need for financial inclusivity.
The bank says its pivot to digital will allow it to cater to the underserved and unbanked.
The financial wellness platform hopes to wean users away from high-interest borrowing.
The ‘proptech’ utilises machine learning to reduce lending risk.
The BaaS firm aims to support post-pandemic growth through nurturing SMEs.
Wealth8 to launch a new mobile investment app for black and multi-ethnic communities.
California-based firm will look to expand its product offering and grow its team.
Covid has changed the world, and now we have to pick up the pieces and deal with the aftermath.
Productfy provides companies with embeddable modules for payments, deposits, and card issuance.
Acquisition underlines strategy to help young people learn to manage money.
The partnership will boost financial inclusion for the bloc’s diaspora communities.
The EU has been receiving recommendations on its proposed Artificial Intelligence Act.
If we’re going to talk about inclusion, don’t talk to me about current accounts. Talk to me about money.