Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Data Fabric and the Impact on Data Access for Financial Services
By Spiros Margaris (Margaris Ventures) When we talk about the fintech industry, we often refer to the great user experience, better value for money, and wide range of innovative products that it provides to customers. These great offerings of…
Fintechs and traditional lenders do battle across south-east Asia
South-east Asia's tech giants are in an intensifying battle with large conventional banks over the region's burgeoning digital banking services. As “superapp” providers such as GoTo and Grab look to bolt banking on to their expanding…
Fintech's growing role in the healthcare revolution
The quest to provide more affordable and accessible healthcare, magnified by the COVID-19 pandemic, has spurred an explosion of innovation, which in turn has attracted massive amounts of capital. To put this into perspective, consider this: In…
Fintech Saudi: Over $347m has been invested in Saudi fintech industry in the last 12 months
Over the last 12 months, the fintech industry in Saudi Arabia has continued to grow at a rapid pace as stated in the recent Fintech Saudi Annual Report 2020/2021. The number of Saudi fintech companies operating in the Kingdom rose dramatically by…
Big Fintech Conference Tips Off With Magic Johnson
Financial inclusion is a theme at this year's Money20/20 conference, which is considered the largest convention for the North American financial technology industry. “I believe you can do well and do good at the same time,” said…
A South Africa-Nigeria fintech deal suggests agent banking can boost trade within Africa
Banks, ATMs, and agent networks are the main channels for accessing financial services in Nigeria. But because agents outnumber bank branches and ATMs, while performing a similar range of services, companies that support agent banking can be…
PensionBee achieves 75% YoY growth, only with higher acquisition costs
PensionBee sees 75% growth year over year. The company's cost per invested customer also rose to £250 — up from £229 this time last year. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech…
Two fintechs give credit unions banking-as-a-service capability
Two technology vendors are working to adapt the banking-as-a-service model for credit unions. The BaaS model allows third-party institutions to partner with licensed banks to build new services for customers. Mbanq's credit union service…
MotoRefi Announces Auto Loan Re-Finance/Insurance Bundling
The insurance industry is all about convincing customers to bundle their policies putting all their coverage in the hands of one carrier. Now MotoRefi is shaking up that long-standing practice by offering a new option—bundling insurance with…
White Star Capital Raises $360 Million Fund That Nearly Doubles Its AUM
Eric Martineau-Fortin and Jean-Francois Marcoux founded White Star Capital in 2014, but their friendship began nearly 25 years earlier on the slopes of Mont Saint-Bruno in southern Canada, where the then-16-year-olds, worked as ski instructors.
Amsterdam-based fintech unicorn Bunq launches 'Local Currencies' to enable users to bank without borders
Amsterdam's neobank Bunq announced that it has launched a new ‘Local Currency' account to help users easily receive, convert, hold, and spend multiple currencies. As countries around the world ease travel restrictions owing to the Covid-19…
Selfbook raises $25M at a $125M valuation to simplify the hotel booking experience
Image Credits: Founder and CEO Khalid Meniri / Selfbook Selfbook, a hotel payment software startup, announced today that it has raised $25 million in a Series A round of funding led by Tiger Global Management. Valia Ventures, Fin Venture Capital…
KYC fintech startup Ondato raises €3.6M in Seed extension round; plans Series A in early 2022
With digital banking and the digitisation of financial services, customer identification and other aspects of KYC compliance have become unavoidable. Financial services companies need to overcome this and are looking to smoothen the onboarding…
Billie, a buy now, pay later specialist for the B2B market, raises $100M on a $640M valuation
Image Credits: Bryce Durbin / TechCrunch Buy now, pay later services like Affirm, Klarna, Afterpay and many others have seen their businesses grow in huge leaps, as consumers buying goods increasingly turned to alternatives to credit to delay…
Mastercard says any bank or merchant on its vast network can soon offer crypto services
Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products, CNBC has learned. That includes bitcoin wallets, credit and debit cards that…
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