December 17, 2024
(Bloomberg) - Tyme Group, a digital lender controlled by South African billionaire Patrice Motsepe, raised $250 million in a funding round that made it one of Africa's few unicorns. The bank is valued at $1.5 billion after the capital increase, which included a $150 million investment from Latin America's most valuable financial company, Nu Holdings
December 13, 2024
Bizcapan Australia-based FinTech company, announced its expansion plans in Singapore on Monday, as well as the appointment of Joseph Lim as Managing Partner for Asia. Launching in the first quarter of 2025, Bizcap's expansion into Singapore addresses a critical gap in the small and medium enterprise (SME) financing landscape: the challenge of accessing fast and
December 13, 2024
(Bloomberg) - Walmart Inc. is pouring more firepower into its newest financial venture, securing a $2.5 billion valuation for the startup and signaling its ambition to move deeper into financial services. Most read on Bloomberg The world's largest retailer is leading a fundraising of more than $300 million alongside investment firm Ribbit Capital, according to
December 12, 2024
Loan Club (L.C.) reported quarterly profit saying bank partners are returning to the lending market for the first time in six quarters, which could be a positive sign for names like SoFi Technologies (SOFI) and assert (AFRM). Vincent Caintic, Managing Director of BTIG, Joins Market Domination Hosts Julie Hyman And Josh Schaefer to discuss what
December 11, 2024
Optimism in ASEAN Financial Technology scene as Singapore and Thailand draw higher financing This year. SINGAPORE, November 6, 2024 /PRNewswire/ - Financial technology (FinTech) financing in ASEAN has increased more than 10 times since 2015(1)with exponential growth in global FinTech funding. This has fueled the growth of sectors such as payments and alternative lending, and
December 11, 2024
SINGAPORE - UP Fintech Holding Limited (NASDAQ: TIGR), known for its online brokerage services for global investors, announced plans to offer and sell 15 million American Depositary Shares (ADS), with each ADS representing 15 Class A common stock of the company. This decision is subject to market and other conditions, including an underwritten public offering.
December 11, 2024
The rapid growth of the fintech sector in Nigeria has sparked a revolution in various sectors, including financial markets. With the increasing adoption of advanced technologies, currency trading in Nigeria has undergone a significant transformation, attracting both seasoned traders and new participants. This article explores how Nigeria's fintech innovations are reshaping the forex trading landscape,
December 10, 2024
LATEST NEWSOctober 8, 2024 at 8:59 UTC TLDR 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
December 7, 2024
We recently compiled a list of 20 Fintech Stocks Riding the Rising AI Wave. In this article, we'll take a look at where PayPal Holdings, Inc. (NASDAQ:PYPL) stacks up to other fintech stocks. Artificial intelligence (AI) is redefining how financial services works, bringing new waves of innovation while improving efficiency and decision-making across the industry.
December 7, 2024
We recently published a list of Retirement Stock Portfolio: 12 Safe Tech Stocks to Consider. In this article, we'll take a look at where Global Payments Inc. (NYSE:GPN) stacks up against other safe technology stocks in the retirement portfolio. In the past, retirees could rely on bonds for steady income, with 10-year Treasury yields around
December 6, 2024
Analyst Worries About Upstart Stocks But Says SoFi Tech Could Become Fintech's 'American Express' J.P. Morgan Analyst Reginald L. Smith noted that 2024 was a story of two halves for fintech stocks. After a late start to the year, the overall market capitalization of the analyst's fintech coverage universe has increased by more than $65
December 2, 2024
The Federal Government has started deducting N50 e-debit on transactions of N10,000 and above made by users of financial technology (Fintech) companies, including Opay, Moniepoint, Kuda and others. The levy, called the Electronic Money Transfer Levy (EMTL), introduced under the Finance Act 2020, imposes a one-time, one-time levy of N50 on the recipient of any
