A recent survey shows a decline in mobile banking usage in Kenya, with more individuals opting for traditional banking services, particularly among older adults and rural populations.
Kenya's Parliament Finance Committee has proposed an 8-year deadline for commercial banks to meet new capital requirements, citing concerns over the initial 3-year timeline's potential impact on smaller lenders.
Klarna CEO Sebastian Siemiatkowski claims AI has enabled massive workforce reduction, but open job listings and company statements tell a different story.
KPay, a one-stop financial management platform, raises $55 million in Series A funding to expand its services and improve the merchant experience in Asia
After a decline in funding, Latin American fintech startups are experiencing a resurgence, with $2.6 billion invested across 174 deals in 2024, a 73% increase from 2023.
Lemfi, a financial services platform for immigrants, acquires Irish currency exchange platform Bureau Buttercrane, securing regulatory approval to operate across the European Economic Area.
London-based fintech LemFi raises $53 million to fuel growth, expand into new markets, and improve services for diaspora communities sending money to emerging markets.
London-headquartered fintech M-KOPA is racing towards a major milestone, surpassing $400 million in annual revenue, despite harsh economic conditions, with its pay-as-you-go asset financing platform serving 5 million underbanked Africans.
M-KOPA wins trademark case against former agent, while Lemfi acquires Irish company Bureau Buttercrane to expand its European presence.
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