India Challenges Visa and Mastercard with Homegrown Payment Networks
India's Unified Payments Interface and RuPay card network are gaining traction, reducing dependence on Western payment networks and offering a template for other nations.
Fintech
Groww Eyes $6-8 Billion IPO Valuation, Aims to List in 10-12 Months
India's largest retail stockbroker Groww targets IPO valuation between $6-8 billion, seeking to list in 10-12 months, a landmark moment for the country's fintech sector.
Float Financial Secures $48.5 Million in Series B Funding to Revolutionize Canadian SMB Expense Management
Toronto-based Float Financial raises $48.5 million in Series B funding to expand its corporate card and expense management services for Canadian small and medium-sized businesses.
LemFi Secures $53 Million in Funding to Expand Remittance Services for Immigrant Communities
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.
Fintech Roundup: Bench Customers Stranded, Robinhood Settles, and M&A Deals Abound
Catch up on the latest fintech news, including Bench's customer data controversy, Robinhood's $45 million settlement, and notable M&A deals in the industry.
Berlin-based Fintech Startup Nelly Raises €50M to Revolutionize Healthcare Admin
Nelly secures €50M in Series B funding to expand its digital workflow solutions for medical practices across Europe, aiming to become the largest fintech player in the healthcare industry.
Safaricom and Kenyan Banks Raise Concerns Over Central Bank's $200 Million Fast Payment System
Safaricom and the Kenyan Bankers Association express concerns over the Central Bank of Kenya's plan to build a fast payment system, citing potential inefficiencies and high costs.
Recharge Secures €45 Million Debt Facility to Expand Online Prepaid Payment Platform
Recharge, a European online prepaid payment platform, raises €45 million debt facility to fuel M&A and expansion into Fintech-style services, aiming to reach €100 million revenue in 2025.
Cross-Border Payments in Africa: Trends, Innovations, and the Future
Explore the emerging trends and innovations shaping cross-border payments in Africa, from the 'Japa' trend to blockchain, mobile money, and AfCFTA's impact on the continent's payment ecosystem.