October 19, 2024
Funding for African fintech startups saw a sharp increase in the third quarter of 2024 despite the global downward trend, with fintech companies on the continent raising $268 million. This is a significant increase from the $34 million investment in the sector in the second quarter, representing a staggering increase of 688 percent. The third
October 19, 2024
In a move that highlights the potential of India's booming fintech sector, an early-stage venture capital firm 8i Companies announced a full release of M2P financial technologya leading company in the field of API infrastructures. The release generated a stunning impact 12X ROI in just 4.5 years, which is a testament to both 8i Ventures'
October 18, 2024
SUMMARY 8i Ventures completed a successful exit from M2P Fintech, achieving 12X ROI over 4.5 years and generating 126% of its debut fund's corpus with just 10% of its capital. The company's initial investment of INR 9.7 Cr in M2P Fintech, which specializes in API infrastructure for financial services, resulted in a return of INR
October 18, 2024
Pan-African fintech startup Yellow Card has raised US$33 million in Series C funding to drive its global expansion and strategic initiatives, bringing its total equity funding to US$85 million. Since its launch in Nigeria in 2019, Yellow card has become the largest and first licensed Stablecoin on/off ramp on the African continent. It has operations
October 18, 2024
CapWay, a Y Combinator-backed fintech that sought to bring financial services to people living in so-called banking deserts, has been shut down, according to its founder Sheena Allen. Allen wrote about this on LinkedIn and confirmed to TechCrunch. “I am proud of the work we were able to accomplish, but honestly disappointed that we were
October 18, 2024
Payment technology company Stripe Inc. is reportedly in talks to acquire fintech startup Bridge Ventures Inc. for $1 billion. According to ForbesThe acquisition negotiations, which are still under discussion and subject to either party withdrawing, would constitute the largest deal made by Stripe to date. Some of the sources cited by Forbes also note that
October 18, 2024
Bengaluru: India's fintech startup ecosystem secured $778 million in funding during the July-September period, reaching second place globally after the United States in terms of fintech funding raised in the third quarter, according to a report released on Tuesday . This growth can be attributed to government initiatives such as the promotion of digital payments
October 18, 2024
Filipino startup OneLot raises $4 million in pre-seed funding to boost AI financial technology for car dealerships. 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
October 17, 2024
Mastercard has announced the latest cohort of its Start Path Emerging Fintech program, welcoming 10 innovative startups that are transforming the payments technology industry. These startups were selected for their innovative work in areas such as sustainability, cybersecurity, digital transformation and travel, and will participate in the world-renowned startup engagement initiative. Five of the companies
October 17, 2024
Bangalore-based fintech unicorn Slice raised Rs 71.7 crore (around $8.6 million) from its founder and CEO, Rajan Bajaj. The funding comes from partially paid-up shares, as revealed in the company's regulatory filing with the Registrar of Companies. Slice's board of directors approved a special resolution to issue 22,000 shares at a price of Rs 32,606
October 17, 2024
Total funding for FinTech startups in Southeast Asia (SEA) fell 28% to $322 million in the third quarter of 2024, compared to $447.5 million in the second quarter. Tracxn said Wednesday. The market intelligence platform said in a statement that SEA remains an important hub for FinTech investments, accounting for 14.5% of total sector funding
October 17, 2024
CapWay, a Y Combinator-backed fintech that sought to bring financial services to people living in so-called “banking deserts,” has been shut down, according to its founder Sheena Allen. 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
