Author: nripn

On October 8, fintech unicorn Stash announcement that its co-founders, who launched the company in 2015 and whose roles were reduced last year, were returning to the helm of the company they had created. But an important detail was omitted: Stash was also restructuring and 40% of its approximately 220 employees, including at least three of its executives, were unemployed, according to three people familiar with the matter and confirmed by Planque. This was the second major layoff at Stash this year. The changes came just weeks after the abrupt departure of its 2023 CEO, Liza Landsman, at the end…

As 2023 drew to a close, many banking industry executives and thought leaders threw up their hands in despair over the presumed death of Banking as a Service (BaaS). The predicted white-hot market has not materialized as expected, and countless financial institutions have seemingly thrown in the towel on BaaS as the industry confronts the disruptive forces reshaping financial services on the path to Banking in 2035. The death knell has sounded. Or does he have it? Rumors about the demise of BaaS have been greatly exaggerated. The BaaS model still has enormous benefits, but market turbulence and organizational and…

Nium, the global leader in real-time cross-border payments, was founded with the mission of delivering tomorrow’s global payments infrastructure today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs and businesses around the world instantly collect, convert and disburse funds across borders. Its payment network supports 100 currencies and covers more than 220 markets, 100 of which are real-time. Funds can be paid into accounts, wallets and cards and collected locally in 35 markets. Nium’s growing card issuing business is already available in 34 countries. Nium holds licenses and regulatory approvals in over 40…

It’s a tale of two AI-driven stocks. Oracle Stock (ORCL) fell sharply after the tech giant reported second-quarter results just below Wall Street estimates on both the top and bottom line. On the other hand, the actions of C3.ai (AI) soared after raising its full-year guidance due to demand for AI. Also in the news, Luigi Mangione has been charged with murder in the killing of UnitedHealthcare CEO Brian Thompson. Key guests include:9:05 a.m. ET – Gil LuriaDA Davidson, Managing Director9:30 a.m. ET – Eric WallersteinChief Market Strategist at Yardeni Research9:45 a.m. ET – Tom SiebelC3 AI, Founder and CEO10:05…

LATEST NEWSOctober 8, 2024 at 8:59 UTCTLDR Zepz, formerly WorldRemit, secures $267 million funding round for expansion into key African and global markets. Financing led by Accel with participation from Leapfrog, TCV, Coller Capital and IFC. Zepz, which operates WorldRemit and Sendwave, serves more than 11 million users in 150 countries.Formerly known as WorldRemit, fintech company Zepz has raised $267 million in a new funding round to support its expansion into its key African and global markets.The tour was led by Acceleratewith the participation of Exceed, TCV, Paste Capitaland the International Finance Corporation (IFC), member of the World Bank Group,…

Payments As of 2024, the payments sector continues to dominate the Australian fintech landscape, both in terms of the number of companies and the transaction value of the investments it has managed to attract. Including companies such as Tyro, Cuscal, Zip and Airwallex, this sector is by far the most mature in the fintech landscape, with over 150 active companies based in Australia and representing approximately 20% of the total landscape. During the year 2024, this sector has benefited not only from local investments but also from foreign investments – an example of which would be the acquisition of A2B…

Elite Fintech Solution, a local startup, has found its footing in neighboring African countries after facing regulatory hurdles in its base of operations.The company founded three years ago by Alazar Solomon is now attempting to transform SME credit facilitation in the Kenyan, Mauritius and Ugandan markets through the combination of AI and data analytics tools.The startup’s flagship product, E-bidir, a centralized platform that provides automated digital credit, presented a new service outside the regulatory scope of the National Bank of Ethiopia.“The current directive on credit references does not allow a business like ours to operate,” Alazar said. Shega.Even though the…

Google’s DeepMind team this week unveiled an AI model for weather forecasting called GenCast. In an article published in NatureDeepMind researchers said they found that GenCast outperforms the European Center for Medium-Range Weather Forecasts’ ENS – apparently the world’s best operational forecasting system. And in a blog postThe DeepMind team offered a more accessible explanation of the technology: while its previous weather model was “deterministic and provided a single, best estimate of future weather,” GenCast “includes a set of 50 or more forecasts, each representing a possible weather. trajectory,” creating a “complex probability distribution of future weather scenarios.” As for…

This inaugural summit brings together top payments and transaction banking professionals to discuss the latest trends in next-generation banking, fintech collaboration and cross-border payments innovations. EBAday 2025 is the ideal platform to meet industry leaders, exchange ideas and explore business opportunities. Join us to engage with the brightest minds in finance and gain insight into the future of payments.

Move, a fintech startup of Nigerian origin, announced a groundbreaking partnership with WaymoAlphabet’s autonomous vehicle division, to manage autonomous vehicle fleets in Phoenix, Arizona, and Miami, Florida. This collaboration showcases Moove’s innovative revenue-based vehicle financing model and its ambitious global expansion strategy. The company’s rapid growth is supported by significant funding, including a $100 million Series B round led by Uber in March 2024. Moove’s operations now span multiple continents, with recent expansions in Mexico and India. This remarkable growth highlights the potential for African startups to make a significant impact on advanced global technologies. Founded in 2020, Moove revolutionized…