Techmoonshot’s Post

Exciting day in Startupland 🚀! Over at Kuri, founders Juan Francisco Merchán Martínez and Ludwig Pucha Cofrep are leading an inspiring revolution in financial inclusion in Latin America. If you've ever doubted the power of Fintech to change lives, this is a story that will convince you. Using cutting-edge technology, Kuri breaks down barriers, connecting users with a wealth of financial services, regardless of their formal banking history. But how? Head to the link below to gain some profound insights into their groundbreaking Credit Score Analysis tool and their mission to bridge the gap between informal and formal finance. Kuri’s efforts are not just about providing a service; they're about fostering a more inclusive financial ecosystem in Latin America and championing financial empowerment for individuals and communities across the region. Want to know more? Follow the journey at kuri_fintech on Twitter, or find them on Facebook and LinkedIn. Click here for an up-close look at this revolutionary approach: https://lnkd.in/ew-Bghn6 #fintech #financialinclusion #LatinAmerica #financialservices #startups #innovation Let's share and spread the word about this exceptional work being done by Kuri. Their story is worth telling, and the financial revolution they are spearheading is definitely worth watching.

🌐 Exciting Expansion Alert in Fintech! 🚀 We are thrilled to announce a groundbreaking development in the financial technology sector. Atlantic Money, a visionary UK-based startup, has officially received regulatory approval to extend its revolutionary money transfer services to North America and Australia. This expansion marks a pivotal milestone, promising to bring more competitive, transparent, and cost-effective financial solutions to consumers and businesses across these regions. 🔗 Stay informed with the full story here: https://lnkd.in/dZtepV9h A huge shoutout to the teams at Atlantic Money, and their partners in the US, Canada, and Australia, for their dedication and hard work in achieving this significant regulatory milestone. This expansion not only showcases the fintech's resilience and innovation but also sets a new standard for the money transfer industry globally. Join us in congratulating everyone involved in making this vision a reality! 🎉 #FintechInnovation #AtlanticMoney #GlobalExpansion #MoneyTransfer #RegulatoryApproval #FinancialServices

Proud to be in good company as part of the Forbes #Fintech50 : "Newcomers for their part have to be scrappier to survive–or impressive enough in hard times to win a substantial venture investment." Read more: https://lnkd.in/eRGnnjgd #fintech50 #fintechnews #fintechinnovation #forbesfintech50

Development Partners International , a British private equity firm, has led a $110 million investment in Nigerian fintech Moniepoint, elevating it to unicorn status, according to the Financial Times. Other participants in the round include Google’s Africa Investment Fund, Verod Capital, and Lightrock. Moniepoint plans to use the new capital for its African expansion, beginning with Kenya, where it is nearing completion of its acquisition of KopoKopo for an undisclosed amount. Founded in 2015, Moniepoint began by developing software for Nigerian financial institutions under the name TeamApt before pivoting to agency banking solutions. This shift fueled its growth, leading to one of Nigeria’s largest agency networks. In 2023, the company rebranded as it expanded into digital banking, offering personal and business banking solutions. Moniepoint now processes 800 million transactions worth over $17 billion monthly, is reportedly profitable, and serves over 10 million users, including businesses and individuals. “Moniepoint is a profitable business led by a strong leadership team with a clear strategic vision, positioning it for continued impressive growth and advancing financial inclusion for underserved businesses and individuals across Africa. Its innovative technology, rapid growth, and positive impact on the continent reinforce our confidence in its future success,” said Adefolarin Ogunsanya, Partner at Development Partners International. In May 2024, Moniepoint was recognized by the Financial Times as one of Africa’s fastest-growing fintechs for the second consecutive year. The investment from Development Partners International (DPI),Google’s Africa Investment Fund, Verod , and Lightrock highlights Moniepoint’s substantial role in advancing digital and financial inclusion. Moniepoint has reported strong revenue growth, achieving a compound annual growth rate (CAGR) of over 150% in recent years, along with industry-leading gross profit and EBITDA margins. “Our mission is to assist our customers in overcoming challenges by enhancing our platform’s innovation, transparency, and security. The proceeds from this funding will accelerate our efforts to promote financial inclusion and support Africa’s entrepreneurial potential,” said Tosin Eniolorunda, co-founder and CEO. SOURCE The post DPI, a British private equity firm, spearheads a $110 million Series C investment in Moniepoint appeared first on Tech In Africa .

'Fintech start-ups in recent years have managed to solve a number of pressing issues in the financial services industry, be it for businesses or consumers. Many fintech firms have also emerged to cater to the vast number of unbanked and underbanked people across the world.' https://lnkd.in/eHH9fYbM #Fintech #FintechInnovation #FinancialServices

Citi Ventures backs Capstack Technologies, the first integrated Bank-to-Bank Loan Marketplace to mitigate asset concentration risk and increase profitability Secures Strategic Investment, Forms Elite Advisory Board, and Welcomes Top Banking Executives in a Significant Market Move CapStack, a startup formed by Pipe co-founder Michal Cieplinski, has raised $6 million toward its effort to build an integrated operating system for banks. In simpler terms, Cieplinski described CapStack as the “first bank-to-bank marketplace,” giving the institutions the ability to share and have visibility into one another’s portfolios. Capstack Technologies, the first bank-to-bank marketplace designed to mitigate asset risk, has secured a strategic investment from Citi Ventures, marking a significant milestone in its mission to revolutionize banking technology. #fintech #fintechnews #fintechstartup #bankingsolutions #bankingtech #marketplaces #bankingtrends

Standard Bank Group has provided Float, a fintech startup, with an $11 million loan to expand its card-linked instalment platform, marking a significant step in Float's growth journey. The finance facility aims to support Float's ambitious growth plans over the next four years, allowing it to reach new heights in the fintech industry. Float's innovative technology enables customers to spread their repayment instalments interest- and fee-free over up to 24 months using the available limit on their current Visa or MasterCard credit card. With around seven million preapproved credit cards in South Africa, Float has already established itself as a leader in the industry, offering a seamless and convenient solution for consumers without the need for credit checks. The startup boasts a strong merchant base, including well-known brands like iStore South Africa, Samsung Electronics, and Cape Union Mart Group, among others. The loan from Standard Bank, structured as a revolving credit facility, provides Float with the necessary financial support and flexibility to fuel its growth plans and expand its merchant partnerships further. Paul Masson, CFO of Float, emphasizes the importance of financial discipline and sustainable profitability as the company navigates its accelerated growth phase. Alex Forsyth-Thompson, CFA, CFP®, founder and CEO of Float, expresses gratitude for Standard Bank's support, highlighting how the funding will be pivotal in driving Float's business forward and scaling its operations for the future. With new merchants and partnerships on the horizon, Float is well-positioned to continue its growth trajectory and make a lasting impact in the fintech landscape. #bank #fintech #partnership #hakunamatatamedia

🚀🚀🚀 Resharing Our Vision for a Sustainable FinTech Future! At OurBanc, “We believe that there’s a future where the ability to pay your bills, get paid, and pay anyone can become as easy as sending a text message.” FOREVER thankful to The Massachusetts Founders Network for the opportunity to share my thoughts on the role equity can play in reimagining financial technologies, the complexities of financial inclusion, and the impact of #realtimepayments. 🙌 What are your thoughts on the #Future of #FinTech? Let’s connect and discuss! #FasterPayments #FinancialInclusion #ESG #SDGs #Sustainabilty #SustainableFinance #EconomicGrowth

🦄 Portfolio Win: Moniepoint Group, a Nigeria-based fintech & Endeavor company, has raised $110 million in new funding from investors including Google, Verod Capital, and Lightrock. Endeavor Catalyst—our rules-based fund—backed Moniepoint in its Series B raise. Moniepoint says it will use the new funding to accelerate its growth across Africa (90% of its business comes from Nigeria) as it builds an "all-in-one platform" for African businesses of all sizes. The fintech currently processes over 800 million transactions monthly, with a total value of over $17 billion. What African country gets to experience the magic of Moniepoint next? (more M&As? it's year 9 and this amazing company is not showing signs of stopping!) My friend, Tage, has more details in his report for TechCrunch: https://lnkd.in/dvN3MqwV #Unicorn #FinancialInclusion #HighImpactEntrepreneurship #EmergingMarkets

Big Milestone Alert! 🚀 Axis Arbor has just announced its 100th deal since its inception! This remarkable achievement highlights their dedication to excellence and innovation in the fintech space. #AxisArbor #Fintech #Milestone #Innovation #FinanceFuture #100deals Check out the full story and see how Axis Arbor is shaping the future of finance: https://bit.ly/3Wq2gmh