Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How Fintech Can Bridge The Gap For The Underbanked
Rathi Murthy is a career CTO, currently leading innovation and growth at Varo Bank. Financial inequality remains one of the most persistent challenges in the U.S. economy. Despite technological advancements, millions still lack access to even basic…
Here are the five fintechs that could be next to IPO after Klarna
Klarna's bumper IPO demonstrated how Wall Street is becoming more welcoming of sizable fintech listings. That has got market participants wondering which fintech names could be next to go public. 'I think the Klarna IPO would be viewed positively…
US fintech for African migrants raises $22M
A US startup that enables African immigrants to build credit profiles through their remittance transactions has raised $22 million to roll out its service in Europe and Canada. New York-headquartered Kredete, which was founded by Nigerian…
Saudi fintech Hala raises $157m
Hala, a Saudi Arabian fintech that provides embedded financial services to micro, small and medium enterprises, has raised $157 million in a Series B funding round. This content has been selected, created and edited by the Finextra editorial team…
German Fintech Trade Republic Enters Poland as Price War for XTB's Market Leadership Intensifies
German digital bank Trade Republic has launched operations in Poland last week, marking its first expansion outside the eurozone and setting up a direct challenge to established players like XTB in the country's growing retail investment market.
Tariffs Bring Small Businesses to FinTech Lenders
Slope, for example, a company backed by JPMorgan, said applications for its credit lines ballooned by 730% year over year last month, according to the report. The jump came as importers realized that tariffs averaging 50% on Chinese imports would…
Wall Street Bets on FinTechs Reinventing Lending, Credit and Payments
The transformations are demonstrated in company filings tied to those public listings through the past several days, where double-digit percentage leaps right out of the gate were commonplace. The shared element isn't cryptocurrency speculation or…
Fintech startup Chest Set to launch pension savings app
New fintech startup Chest, a cash rewards-to-pension app, is inviting young people to join its 1200-strong community lining up to be amongst the first to open a Chest pension when it launches this Autumn. This content is provided by an external…
London fintech eyes IPO as Klarna's listing puts pressure on the City
UK card reader firm SumUp is weighing a stock market listing that could value it at up to $15bn (£11.04bn) – a move that could deliver a rare win for the London Stock Exchange, though the firm is also considering New York amid doubts…
Alpharetta-based veterans nonprofit receives $10M cryptocurrency donation
AI is going to do more than disrupt jobs. Here's how you can prepare. “This is our first real foray into crypto being a major component of our philanthropic efforts and the way that we connect with community members that want to advance…
Fintech Startup Chest Set to Launch New Pension App That Turns Savings From Everyday Spending Into Future Retirement Funds
Chest is inviting young people to join its 1200-strong community lining up to be amongst the first to open a Chest pension Dotfile announced Dotfile Autonomy, the industry‑first fully autonomous AI platform for Know Your Business (KYB) case…
FNITCC Atlanta: Fidelity Bank spotlights fintech's role in U.S.-Africa trade - The Nation Newspaper
Fidelity Bank Plc will host a high-profile panel session titled “Digital Railroads: Powering U.S.–Africa Commerce Through Fintech” at the upcoming Fidelity Nigeria International Trade and Creative Connect (FNITCC) in Atlanta…
CFPB rules on open banking can protect Utah innovation
According to the Kem Gardner Policy Institute at the University of Utah, in 2023, 67 fintech companies in Utah created nearly 8,000 jobs, producing more than $1 billion in total annual wages. They also estimate that fintech affects Utah's…
Fintech startup Chest launches app turning everyday spending into pension savings for Gen Z and millennials
Chest, set to launch this autumn, has already built a community of more than 1,200 early adopters who want to be among the first to open a Chest pension. The company hopes its model will resonate with younger consumers who are often disengaged from…
India's markets regulator approves Pine Labs' IPO
Technology (Reuters) - India's markets regulator has approved the initial public offering of fintech firm Pine Labs, a document on its website showed on Monday. The IPO could be worth $1 billion and the company, which competes with Paytm and…
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