Indonesian fintech Alami acquires rural bank in $10m deal
Alami is helping the bank keep up with capital requirements.
Alami is helping the bank keep up with capital requirements.
BTB’s business model has brought annual average returns of 7% in the last seven years with low defaults.
The start-up is now looking to raise £5 million from institutional investors.
SoLo brought in $12m, which includes a $2.8m seed round and a series of convertible notes.
Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.
Alami hopes to distribute trillions to SMEs and micro businesses.
The Amazon founder’s personal VC participated in Chipper’s latest funding
The fintech allowed consumers to invest in Notes, corresponding to fractions of loans.
CleverCard’s Kealan Lennon reckons the market isn’t big enough for so many neobanks.
Ziglu insures digital assets against cyberattacks.
The range of accounts pay 1.05%, all the way up to 1.3%.
A two-year programme has left only 29 firms in the country.
Sources highlight that political tensions between the US and China could affect its listing plans.
The new P2P lender offers unsecured loans of up to £100,000.
The fintech has worked with Mastercard since 2011.
Intriva has bought 100% of Lending Work’s equity for an undisclosed price.
The remittance firm wants a “leading” position in South Korea’s P2P remittance market.
The company announced its plans to become a bank nearly four years ago.
The San Francisco-based start-up operates across seven African countries.
Until this announcement, its P2P lending investment service has been exclusive.
British grime MC JME donated £1,200 to the Vibe community last week during one of its social media events.
The start-up’s funding round was led by San Francisco-based Class 5 Global.
P2P initiatives aimed at helping corporates transact more efficiently will continue to gain traction.
Originally planned for Q3 of 2020, the fintech brought the launch forward
Payments firm aims to help those doing tasks for people in isolation.
Asia’s mega funding rounds make Europe’s look like child play.
“The number of people choosing freelance work has grown rapidly,” says UnderPinned CEO.
“This is a crucial investment,” says co-CEO.
“I’m the most anti-unicorn terminology person, so it’s quite ironic,” says Massaro.
The venture now has a 50-person London-based team.
PayKey is a social app payments integrator, and equensWorldline a pan-European payments processor.
In this newly created role, Trish Burgess will lead the strategy and deployment of P2P.
FinTech Future’s weekly news round-up.
Tally is not a cryptocurrency, because it’s linked to a tangible asset.
Exclusive interview: “We’re a small start-up doing the work of big players,” says Minka CEO.
Ruby Hinchliffe dissects her top five 2019 fintech trends from this year’s top stories!
European investors can now back 12-month commercial loans in Singapore.
Zopa’s temporary licence was set to expire.
The social media giant says it’s a separate venture to the Libra project.
Third round of debt financing gives SME lender a boost.