Global payments and technology firm Mastercard Inc. announced on Wednesday that it has entered into an agreement to purchase a minority stake in MTN’s $5.2 billion fintech business. Mastercard’s strategic investment in the African telecommunications and digital services provider’s fintech business will be made via its newly launched venture capital fund, Mastercard Ventures. The major… Continue reading Mastercard purchase
Category: fintech
Mastercard purchase
Mastercard, one of the world’s leading payments companies, has announced that it will acquire a minority stake in MTN Group’s financial technology business, MTN Fintech, in a $5.2 billion deal. The transaction, which is expected to close later this year, is part of an ongoing effort by MTN Group to monetise its fintech investments. The… Continue reading Mastercard purchase
Disrupt is around the corner — Here are the fintech players taking the stage
The FinTech industry is making waves all around the world, revolutionizing the way we use and manage funds. As technologies become more advanced and regulations become more sophisticated, traditional banking is no longer fulfilling the needs of many customers. Companies like SoFi, Ocrolus, and GreenSky have emerged to offer services that are faster, more secure,… Continue reading Disrupt is around the corner — Here are the fintech players taking the stage
Fintech is a mess. Is BaaS the outlier?
Today more than ever, the financial technology industry, or Fintech, is in a state of disarray. Companies, investors, policymakers, and incumbents are simultaneously grappling with how to keep pace with a rapidly shifting landscape. Yet, among these tumultuous times, one technology seems to rise to the challenge—Business-as-a-Service, or BaaS. BaaS, which leverages cloud computing and… Continue reading Fintech is a mess. Is BaaS the outlier?
TechCrunch Roundup
The tech startup industry has seen incredible growth over the last decade and now, with the advancement of technology, it’s being taken to the next level with advances in the creator economy, B2C fintech, and web3. To illustrate this progress, let’s take a look at TechCrunch’s recent roundup. Creator Economy VC Survey: Companies that focus… Continue reading TechCrunch Roundup
Former Stripe
There’s some exciting news in the fintech startup world today: Former Stripe engineer and Co-founder André Staltz has raised $4 million for Beam, a U.S.-based invoicing platform out to help freelancers and contractors get paid faster. Beam is excited to receive this support from leading venture capital firm Z™ Capital. “This money is going to… Continue reading Former Stripe
Will software for CFOs create a bright spot in a battered fintech market?
The financial technology (fintech) sector has experienced unprecedented disruption over the past year due to the pandemic. Companies across the fintech industry have been hit hard by disruption, whether due to a prolonged period of reduced activity or sudden changes in requirements. Despite this, many fintech companies are pinning their hopes on software solutions to… Continue reading Will software for CFOs create a bright spot in a battered fintech market?
Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022
As financial technology continues to push boundaries, it’s no surprise that venture capital firms are following the trend and investing more into fintech than in any other sector. According to data from venture capital firms Sequoia and Andreessen Horowitz, they poured more money into fintech startups in 2022 than any other sector. The technology industry… Continue reading Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022
The entire fintech industry is not in distress – here’s who is hiring
The COVID-19 pandemic has wreaked havoc on the global economy, leading to uncertainty and upheaval across a variety of industries, including the increasingly popular fintech sector. Many banks, lenders and fintech startups have had to lay off workers or put hiring and expansion plans on hold. But the entire fintech industry is not in distress… Continue reading The entire fintech industry is not in distress – here’s who is hiring
neobank raises
Peer-to-peer lending platform Zopa recently reached a major milestone in its journey from fintech pioneer to established neobank. The UK-based firm closed a series C equity round valued at more than $93 million, placing its overall valuation above the billion-dollar mark. The funding round was led by IAG Capital Partners and included participation from Augmentum… Continue reading neobank raises