November 6, 2024
Kenyan fintech startup Chumz, which helps users set and achieve their savings and investment goals through behavior-based prompts and mobile money deposits, is testing its solution to go live in Rwanda after reaching 200,000 registered users in its national market. Formed at the end of 2019, Chumz worked on a prototype in 2020, contacted the
November 6, 2024
SUMMARY PB Fintech reported a consolidated net profit of INR 50.98 Cr in Q2 FY25, compared to a loss of INR 21.11 Cr in the year-ago period. Operating revenue jumped to INR 1,167.2 Cr in Q2 FY25 from INR 811.6 Cr in last year's quarter. The total expenditure jumped to INR 1,213.4 Cr from INR
November 5, 2024
Free newsletter Get the latest Fintech Malaysia news delivered to your inbox once a month Malaysia's first digital bank, GXBankcelebrated its first anniversary by unveiling “GX 2.0 – Next Starts Now”, a new phase in the expansion of its services aimed at empowering retail users and MSMEs. This milestone introduces GX FlexiCredit and GX Biz
November 5, 2024
Skydo was built with a deep understanding of the challenges exporters face in managing cross-border payments. Founded in 2022 by Srivatsan Sridhar and Movin Jainand operating under the RBI's Online Payment Gateway Service Providers (OPGSP), the Bengaluru-based fintech has also applied for the Payment Aggregator-Cross Border (PA-CB) license. “Having recently raised $5 million in a
November 4, 2024
Executives from Canadian FinTech, CLA, Financeit, LendCare and others plan to back early-stage FinTech startups with a $20 million fund. A family duo of Canadian financial services insiders have teamed up with a group of successful founders to launch a new venture capital (VC) firm focused on fintech. Leaving North Ventures. Founded and led
November 1, 2024
Buying a house has always been complicated. You need to determine how much money you need to put down and how that down payment will affect your monthly mortgage bill. Then there are closing costs and fees. Kevin Bennett launched Further to try to make the financial process easier to navigate, especially for first-time buyers.
November 1, 2024
Sifted published “The Sifted 30”: Eastern Europe and the Baltics, which ranks the region's fastest-growing startups in terms of revenue growth. Lithuanian fintech startup Torus achieved 8th place, becoming the leader among Lithuanian fintech startups in this category. “We're excited to see that Torus is truly enabling banks and fintechs to optimize how they manage
October 31, 2024
DoPay has raised a total of $37.15 million, including its Series A-2 funding round completed in July 2024. FINANCING | Egyptian Fintech DoPay Raises $13.5M Series A Expansion Following “True Hockey Stick Trajectory Growth” – https://t.co/f5rDHg1lcc#Funding #Startups #fintech #financialinclusion 🌟Summary of news in response🌟https://t.co/FC1BceKTUS – Funding News (@fundingnews_) July 23, 2024 Its investors include: Barclays
October 31, 2024
The company plans to restructure user balances after a cyberattack in July. Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that
October 31, 2024
The future of BaaS (banking-as-a-service) is currently a priority for fintech leaders around the world. This is a major topic this week at Technological disruptiona popular startup tech summit in San Francisco and is headlining think pieces and press articles across the world of fintech. The reality is the world of BaaS could be at
October 30, 2024
Nine-figure fundraising rounds are still relatively rare in the music and tech space, so the news that the music and fintech startup Duetti secured $114 million in new funding is remarkable. This is not a one-size-fits-all deal, however. The company, which has acquired the catalogs of more than 500 artists since its launch, raised a
October 30, 2024
SUMMARY The reprieve will provide "substantial relief" to home buyers whose home loans were sanctioned before the RBI's crackdown on the company. Earlier this month, the RBI barred Navi FInserv from issuing new loans after the close of business on October 21, citing “significant supervisory issues”. Navi Finserv reported operating revenue of INR 1,906.2 Cr
