Moniepoint gets the go-ahead to acquire Kenyan fintech Kopo Kopo
For Moniepoint, which operates in Nigeria, the acquisition allows it to expand its footprint into Kenya.
For Moniepoint, which operates in Nigeria, the acquisition allows it to expand its footprint into Kenya.
The bank plans to facilitate more than £250m in new-to-bank lending across the SME and property sectors.
The $6 million deal is to be completed via an all-stock transaction by September.
The fintech landed $20 million in a Series A funding round in June 2022.
Temenos has tasked its delivery partner, Orion Innovation, with implementing the new core.
Param plans to leverage Twisto’s licences to offer its embedded financial solutions across Europe.
Strive India will focus on micro-enterprises, women-led businesses and agri-entrepreneurs in the country.
CNBC reports that the challenger is in talks to deploy Engine with an undisclosed Asian bank.
The facility is being provided by Chicago-based investment firm Victory Park Capital.
According to Forbes Asia, the funding round values the start-up at $1.7 billion, making it Hong Kong’s latest unicorn.
Learn what tools and tech enable Banca AideXa to provide quick and efficient loans to SMEs.
The funding comes as part of a renewal of the Financial Sector Technology and Innovation Scheme (FSTI 3.0).
The Chilean firm will use Thought Machine’s Vault Core to develop personalised financial products.
The acquisition makes Albo “the only neobank to offer debit and credit products for both consumers and SMBs”.
MSUFCU previously participated in Nymbus’ $70 million Series D funding round in May.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Payoneer says the start-up’s tech will help it to “better understand and serve customers”.
In this episode of the podcast, we’re joined by Rajesh Gupta, CFO of UK business bank OakNorth.
Once approved, small businesses will have instant access to up to $75,000 of working capital.
While real-time data remains an ideal, the cash management process needs first to adapt to expanded ecosystems and networks.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Settle will use the expanded facility to boost its lending to e-commerce and consumer brands.
The joint venture is central to the Italian bank’s strategic plan to strengthen its technology ecosystem.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
An insightful journey through the experience of the successful implementation of the hybrid start-up model.
The signing and project kick-off took place this week in Yangon, Myanmar.
The funding will be used to lend to SMEs in the UK, Australia and Netherlands.
HyperPay is aiming to expand its product offerings in order to become an “all-in-one” digital payments platform.
In addition to the asset acquisition, many of Tillful’s employees will be joining Nav in senior roles.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The London-based bank payment company becomes the UK direct debit provider to Moss’ UK expansion.
The fund will have an initial size of €67 million, with increases subject to consent from the lenders.
Launching this September, Grow seeks to provide businesses with better cash flow, management and capital.
Qardy will provide its financing services to Egypt’s SME community through Egypt Post’s numerous post offices.
Bailey’s appointment will seek to assist Silverbird in “liberating cross-border trade” for SMEs.
The pilots will seek to streamline historically cumbersome cross-border settlement processes.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
SumUp has also appointed Anna Kuriakose as its new chief product officer (CPO).
Strands and Akbank discuss how they are working together to support SMEs with their banking needs.
The new transaction is backed by Citi and Channel Capital, and the initial facility will be for €67 million.