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Standard Bank Group Bank seeks to empower Float Technologies Proprietary Limited (Float) by providing a growth facility worth ZAR200m (US$24m). Float is a startup fintech business that enables people to split credit card payments into instalments. The new payment method is designed to encourage responsible credit card use and simultaneously help merchants expand their sales. This is the first time Standard Bank Group Bank has loaned money to a ‘buy now, pay later’ (BNPL) company, believing in its innovation. With the money being used to roll out Africa’s first card-linked instalment platform, the bank will help Float to accelerate its development plans over the next four years. Read the full article here: https://lnkd.in/dGGwt89V Cc. Alex Forsyth-Thompson, CFA, CFP® Paul Ian Masson CA(SA) #AfricanOpportunities #fintech #BNPL #innovation

Digital fraud-hit banks turn to startups to cope with risks https://lnkd.in/d8Q_9BHF Download Economic Times App to stay updated with Business News - https://lnkd.in/eK4XZsX #DigitalBanking #DigitalBankingFrauds #BankingDomain #BankingSector #Startups

Philippine Fintech Startup Salmon Seeks Thrift Bank License Amid Expansion Plans: Philippine fintech startup Salmon is aiming to secure a thrift bank license for the Rural Bank of Santa Rosa as part of its strategic expansion in ...

FinTech Funding October 2024: Total $199 mln raised by Indian FinTechs In October 2024, India’s fintech funding fell sharply to USD 199.4 million from just four rounds, continuing a declining trend from August’s USD 507.8 million and September’s USD 230 million, according to 1Lattice data. Although, the October 2024 funding remains almost the double compared to the previous year in the same month. This funding slump reflects global investor caution and adds to the sector's recent volatility. Story by Shrishti Sharma #FinTechFunding #InvestorTrends #IndiaFinTech #Funding #GlobalMarket #IndiaFunding #trends #Growth #Investment #fintech #etbfsi https://lnkd.in/gEvMMtUw

Top 10 Fintech Friendly Banks in Tanzania: Introduction: In today’s rapidly evolving financial landscape, partnerships between traditional banks and fintech companies are proving to be instrumental in driving innovation and expanding access to financial services. These collaborations enable banks to tap into the agility and innovation of fintech startups, while fintechs gain access to the established infrastructure and customer base of banks. Together, [...] The post Top 10 Fintech Friendly Banks in Tanzania appeared first on Fintech News Africa. #Fintech #Africa

UAE poised for fintech growth amid healthy economy, supportive regulation. On the eve of the Dubai FinTech Summit, sharing a report from S&P Global which talks about the progress the UAE 🇦🇪 is making in the area of #fintech DIFC Abu Dhabi Global Market (ADGM) Central Bank of The UAE Fintech Tuesdays Couchonomics with Arjun Trescon Naveen Bharadwaj #payments #digitalassets #regulation #startups #innovation

MUSCAT: Open banking is set to revolutionise Oman's financial technology (fintech) sector, according to Mohammed al Wahaibi, the CEO of Al Jabr Mena, a venture capital and private equity firm specialising in startup development and corporate innovation. In an exclusive interview with Oman Observer, Al Wahaibi discussed the profound impact open banking can have on the fintech ecosystem, the critical role of entrepreneurs, and the strategic initiatives fintech firms are undertaking to drive innovation and economic growth. Read more: https://lnkd.in/eVrgYdc7 al jabr mena @fsa_oman Central Bank of Oman Ministry of Finance - Oman Mohammed Al Wahaibi #OpenBanking #AlJarMena #FinancialTechnology #Fintech #VentureCapital #PrivateEquity #FintechEcosystem #StartUp ##Banking #Oman #OmanBiz

Digital banking infrastructure company M2P Fintech has raised Rs 35 crore debt from Anicut Capital LLP. M2P Fintech provides core banking cum loan management system stack; payment tools and embedded finance including value-added services for fintechs and banks. Its payment solutions form 60% of its revenues whereas the rest come from core banking biz and VAS. According to its website, M2P Fintech’s solutions are being used by 1,200 organizations including banks, fintech and businesses. M2P has been acquiring companies at regular intervals in what appears to be aimed at strengthening its API infrastructure. In December last year, it acquired Goals101 - By M2P. It also took over identity validation startup Syntizen in July last year. As of now, the firm has acquired six companies including cloud-based core banking system BSG ITSOFT and debt recovery startup ORIGA.AI. Founders: Madhusudanan R, Muthukumar A and Prabhu Rangarajan Follow Rise & Shine for daily startup updates. Stay informed, stay ahead ➡️ www.riseshine.in #digitalbanking #fintech #banks #startup #venturecapital

TymeBank Achieves Unicorn Status with $250M Series D Funding TymeBank, a South African-born digital bank operating in South Africa and the Philippines under the Tyme Group, has reached unicorn status following a $250 million Series D funding round. The latest raise brings Tyme Group’s valuation to $1.5 billion. The funding was led by Nu Holdings, the parent company of NuBank, Latin America’s most valuable fintech, which invested $150 million for a 10% stake. M&G Catalyst Fund contributed $50 million, while existing shareholders provided the remaining $50 million. Read more 👇 Makhado Tshihatu, CFE Lesego Magakwe Rekha Ramcharan Mapula Mphela George Wandsella Coenraad (Coen) Jonker Rean Bloem

Recent research from our private investment analysis platform, #DealPulse by 1Lattice sheds light on the shifting dynamics of fintech investments in India. Our analysis indicates that October 2024 saw a sharp decline in fintech funding, falling to US$ 199.4M from just four continuing a downward trend from US$ 507.8M in August and US$ 230M in September. Standing out amidst these shifts, Finova Capital secured an impressive US$ 135M in Series E funding from Avataar Venture Partners, Sofina, Madison India Capital, and Norwest Venture Partners. Read the full story featured in The Economic Times here: https://lnkd.in/gEvMMtUw Story credits: Shrishti Sharma | ETBFSI Discover the advantages of #DealPulse and unlock opportunities in the ever-evolving fintech landscape. Reach out to us to get in-depth, data-driven insights for your business: https://lnkd.in/gx76f9bS #EnablingBetterDecisions Amar Choudhary Hitesh Gossain Abhishek Maiti Ashish Dhir Abhilasha Jaju Praneet Singhal Devmalya Mukherjee Sanjay Sachdeva