Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Vodafone's booming M-Pesa shines a light on valuable Africa fintechs
Vodafone has reported surging growth at its African mobile money platform M-Pesa as the telecoms group and its rivals look at ways of unlocking the value of fast-growing financial fintechs on the continent. The UK company said that the number of…
What The Robinhood IPO Tells Us About Finance And Fintech
SOPA Images/LightRocket via Getty Images Next week the retail trading platform Robinhood will go public under the ticker ‘HOOD'. Robinhood's public offering will likely value it at over USD 35bn, and together with a recent fundraising round…
Fintech firm focused on investor rewards raises $2 million venture round
A financial technology startup founded by veteran investor relations executive Jeff Lambert has closed on a $2 million 'pre-seed' round of capital, according to a news release. Detroit-based Tiicker, which went live last year, aims to serve as a…
Paystand banks $50M to make B2B payments cashless and with no fees
Image Credits: jossnatu / Getty Images It's pretty easy for individuals to send money back and forth, and there are lots of cash apps from which to choose. On the commercial side, however, one business trying to send $100,000 the same way is not as…
Ant-backed Philippine fintech Mynt targets 'double unicorn' status
MANILA -- Philippine fintech player Mynt aims to more than double its valuation to $2 billion in its future fundraising, a top executive told Nikkei Asia, a level that would make the Ant Group-backed payment provider the country's most valuable…
One-third of US institutional investors hold digital assets
One-third of US institutional investors held some form of digital assets as of April 2021, according to a Fidelity Digital Assets survey. This tracks with Insider Intelligence's predictions that four in 10 US institutional investors will have some…
The Nigerian Government Is Destroying the Country's Growing Tech Sector, Experts Warn - VICE
Nigeria's indefinite Twitter ban and other recent policy moves by the government are threatening to destroy one of the country's fastest-growing industries, its Fintech sector, experts have told VICE World News. “Like most people, I heard…
3 Reasons Square (NYSE:SQ) is a Fantastic Fintech Stock
The payments landscape is evolving at a truly astonishing pace, and a company like Square (NYSE:SQ) is at the forefront of its innovation. Whether it's providing cutting-edge payment and point-of-sale solutions to merchants or offering consumers an…
Visa To Acquire UK Fintech Currencycloud for $962 Million
Video source: YouTube, Cointelegraph News Visa Inc (NYSE: V) has agreed to acquire Currencycloud, a UK-based fintech platform, for 700 million pounds ($962 million). The deal announced Thursday by the payments giant builds on an existing strategic…
Aussie Buy-now-pay-later Fintech Zip To Launch Crypto Trade
In the latest example of a fintech company looking to branch into crypto, Australian buy-now-pay-later company Zip Pay has announced it will launch crypto trading services in the next 12 months, Reuters reports. Zip co-founder Peter Gray told…
Fintech startup Dovly raises $3M in bridge funding
Dovly, a Phoenix-based fintech startup, has announced a $3 million bridge funding to help the company support massive growth plans over the next six to 12 months. To date, Dovly has seen significant momentum, with the company reporting…
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South Korea plays foolish game of IPO Whac-A-Mole
HONG KONG, July 23 (Reuters Breakingviews) - South Korea is learning how hard it is to cool down an overheating stock market. The country's financial regulator has intervened recently on the initial public offerings of video-game developer Krafton…
MAS Retail CBDC Global Challenge Reveals Familiar Themes Wrapped In Complexity
Singapore is blessed. Blessed with freedom(maybe) and the rule of law, blessed with a healthy mix of native born and immigrants, blessed with a diverse population, blessed with an excellent harbor, blessed in its location, blessed with orchid…
TOP DEVELOPERS: Meet the 20 power players quietly changing the technology industry from the inside
Erin Bond Erin Bond took an unorthodox path to the software engineering field. A former elementary school teacher, Bond learned to code five years ago through a one-year course at the Ada Developers Academy. Now, as an engineer at Code.org, Bond is…
Kleiner Perkins' latest class of 102 startup fellows includes a founder who sold his company to Lyft and a Y Combinator alum
Since 2012, Kleiner Perkins has run a fellows program to scout talent for its portfolio companies. It's gone on to fund several past fellows, including Dylan Field of Figma, now worth $10 billion. This year's fellows include a Y Combinator alum and…
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