Author: nripn

Venture capitalists spent about $12.8 billion on fintech or financial services startups in the last quarter, according to Crunchbase data, and while more than half of that was a one-time investment, BandThe $6.5 billion fundraising round allowed many other startups in the sector to also get money. In this week’s edition of Who’s Hiring In Tech, we rounded up five fintech startups that have raised funding in the past 12 months, haven’t reported any layoffs in the past year, and are actively hiring for multiple open positions. Search less. Close more. Increase your revenue with all-in-one prospecting solutions powered by…

In a major acquisition that promises to reshape the future of finance Paylocity, the enterprise spend management software company, has agreed to buy startup Airbase for $325 million. The deal between the HR platform leader and the fast-growing financial services provider means expanded opportunities at the intersection of human resources and finance operations. Subject to regulatory approval, the all-cash transaction is expected to close within the next two months. Paylocity plans to finance the purchase through existing credit lines. For Airbase, the acquisition marks a successful exit after years of steady growth serving mid-market businesses. Founded in 2017, Airbase built…

Bad news for the 1%: new report says comprehensive report Since CitigroupFinance is set to bear the brunt of AI-driven travel. AI will “profoundly change money,” the 124-page report claims in its introductory paragraph. Yes, it creates “new opportunities for growth and innovation, often improving our overall quality of life,” Citigroup says. But it also “destroys” and creates many “losers.” Wall Street bankers may well be chief among them. Nearly seven in 10 banking jobs (67%) have a “higher potential” to be changed or even entirely outsourced by AI, Citigroup wrote, drawing on data from Accenture and the World Economic…

Nairobi, Kenya, September 5 – Trends Research, a leading data technology company headquartered in the Innovation Hub, DIFC, Dubai, is delighted to sponsor the Africa Fintech Summit 2024, taking place from September 4-6 at the JW Marriott in Nairobi. The summit will bring together industry leaders to discuss the future of finance in Africa, with a focus on how data-driven innovation is transforming the sector. Data, a tool for change for Kenyan tech companies In today’s digital economy, data is the key to unlocking growth and innovation, especially for fintech companies. With over 55 million users across Africa and the…

Key statistics on FinTech investment in Australia in Q2 2024:Australian FinTech funding in Q2 fell 73% year-on-yearAverage deal size fell from $42.7 million to $29.7 million as investors grew more cautiousBased in Sydney Betasharessecured largest contract in Australia for Q2 2024 with $198 million funding roundIn Q2 2024, the Australian FinTech sector saw a notable decline in deal activity and funding. Only 16 funding rounds were completed in Q2 2024, a staggering 62% drop from the 42 deals completed in the same period last year. Funding also saw a significant decline, with FinTech companies raising just $475 million in Q2…

More people are applying for fewer jobs now – how to stand out and perform at your best … (+) chance of a new job in fintech?Getty Images Making a lasting and positive impression during interviews is essential, especially in the competitive fintech sector in 2024. Data shows a significant increase in the number of people looking for jobs in the fintech sector. In Q3 2023, applications for jobs in the UK in the financial services sector increased by 43% over one yearUnique job postings decreased by 27%, but fintech applications increased by 84%. In the fourth quarter, fintech applications…

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy before making financial decisions. Ethereum (ETH), the world’s second-largest cryptocurrency, has seen a sharp price surge, hitting a two-month high of $3,824, following rumors that the U.S. Securities and Exchange Commission (SEC) may soon approve spot trading. Ether Exchange Traded Funds (ETFs).The news sparked bullish sentiment across the cryptocurrency market, with Ethereum’s price surging by over 22% in a matter of hours and the overall digital asset market gaining 7.5%, reaching a market cap of $2.6 trillion with a 130% increase in…

For the first time, UPI transactions crossed 100 billion and closed at 131 billion in FY24, compared to FY23. (Photo: Shutterstock)2 min read Last updated: July 22, 2024 | 1:40 p.m. IST There is a need to continuously identify regulatory gaps in the fintech sector and benchmark rules against global best practices, says Economy 2024 released on Monday. The observation comes as the country embraces emerging technologies such as artificial intelligence and machine learning (AI/ML), decentralized finance and the Internet of Things (IoT). Indian fintech is evolving and the adoption rate of new technologies in financial services is high, and…

Free NewsletterGet the latest Swiss Fintech news delivered to your inbox once a month11 fintechs are featured in this year’s TOP 100 Swiss startups list, an award organized by Venturelab.The 2024 ranking presents a total of 100 startups, Yokoy is once again the highest ranked fintech.The newcomer to the fintech sector this year is Calvin Risk, ranked 44th.Among the 11 fintechs, 5 were repeat offenders 2023 Startup Rankings and 6 were new arrivals.Discover the 11 Swiss fintechs that appear in the TOP 100 Swiss startups 2024 list:Yokoy AG Group (#3)-1Your business expenses and credit cards on autopilotAG Relay (#24) unchangedRelay…

HDFC Bank All-in-One Point of Sale Device: HDFC Bank has launched an all-in-one POS, a compact payment device for merchants that integrates Point of Sale (PoS), QR code scanning and Soundbox. As a network partner, Visa is collaborating with HDFC to accelerate acceptance at new touchpoints and increase digitisation across a wider merchant base. Paytm NFC Card Sound Box: Visa, in partnership with Paytmlaunched Paytm NFC Card Soundbox — India The first two-in-one device that combines mobile QR payments with an affordable payment terminal for offline merchants. This device facilitates debit/credit card and QR code scanning payments, simplifying transactions for…