Allied Bank Pakistan picks BPC to launch SME acquiring business
Allied Bank will support merchant and business acquisitions and enable payments in-store, online and in-app.
Allied Bank will support merchant and business acquisitions and enable payments in-store, online and in-app.
The RBI says that the new rules will be applicable to both existing and new customers.
EarlySalary will use the new funds to expand into new markets and increase its loan book.
The RBI imposed restrictions on the US card issuer in May 2021, denying it the ability to onboard new customers.
Jar claims to have racked up 10 million users since its launch last year.
The partnership aims to enable paperless communication across treasury and trade finance processes.
The new funding has raised the company’s valuation to $100 million.
A handy round-up of recent funding endeavours of fintech companies across India and Pakistan.
Carlyle Group and Advent International have both agreed to acquire up to a 10% stake in the bank.
The investment round was co-led by Sequoia Southeast Asia and Kleiner Perkins.
Qapita is aiming to boost its presence in India.
This is M2P Fintech’s third acquisition in 2022 alone.
In his new role, Arora will lead product, business and growth for the firm’s DeFi initiatives.
The RBI believes cryptocurrencies have a “destabilising” effect on a country’s monetary and fiscal stability.
Pramod Perumparambil will drive the company’s strategy to accelerate business growth.
The platform will allow users to make payments anywhere in the world.
Arshad will help shape Revolut’s product offerings and technology for the Indian market.
Skilling initiatives can bring rural women in India into the financial system.
Zolve helps immigrants accelerate their financial health through products that build wealth in the long run.
M2P Fintech plans on rolling out lending products “that are secure, scalable and cloud-ready”.
E-commerce firms can use the embedded finance technology to modernise their financial processes.
Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.
The new investment brings GetVantage’s total funding to date to $41 million.
The company intends to expand throughout India and into the US and Middle East.
Lentra says it plans to integrate TDT’s behaviour intelligence platform Cadenz.
Solv says the funding will support its expansion throughout more than 300 cities across Africa and Southeast Asia.
Campus Power, available to all, aims to offer banking and value-added services within one platform.
This is the third acquisition announced by Pine Labs this year.
Stashfin says it will use the new money to expand its footprint across South and Southeast Asia.
RBI had imposed a ban on Mastercard in July 2021 for non-compliance.
Given the rising interest rate environment, liquidity optimisation is a high priority, Finteum says.
The facility is live on select e-commerce websites and the firms say will be made available at retail stores soon.
The round has been led by Tiger Global with participation from new investor GMO Venture Partners.
ZoodPay enters Pakistan as a new player in its growing digital lending and fintech space.
YAP Pakistan hopes to address the challenges consumers face in the foreign remittance market.
The Indian firm’s valuation fell from $3 billion in 2020 to $13 million now – a drop of almost 99%.
Our weekly fintech round-up for you to get the latest funding news from around the world.
The deal will also see Systems Limited acquire NdcTech’s subsidiaries in the UAE and Singapore.
Ziraat Bank and a challenger bank will implement a broad range of Oracle FS tech.
The deal will see HCL expand its footprint in the global wealth management market.