December 6, 2024
Analyst Worries About Upstart Stocks But Says SoFi Tech Could Become Fintech's 'American Express' J.P. Morgan Analyst Reginald L. Smith noted that 2024 was a story of two halves for fintech stocks. After a late start to the year, the overall market capitalization of the analyst's fintech coverage universe has increased by more than $65
December 2, 2024
The Federal Government has started deducting N50 e-debit on transactions of N10,000 and above made by users of financial technology (Fintech) companies, including Opay, Moniepoint, Kuda and others. The levy, called the Electronic Money Transfer Levy (EMTL), introduced under the Finance Act 2020, imposes a one-time, one-time levy of N50 on the recipient of any
December 2, 2024
Nigerian government has started deducting electronic N50 levy from transactions of N10,000 and above made by users of financial technology (Fintech) companies including Opay, Moniepoint, Kuda and others. The levy on electronic money transfers (EMTL), established within the framework of the Finance Law 2020imposes a one-time fee of N50 on persons receiving any electronic payment
November 27, 2024
Cardless Raises $30M in Latest Funding Round, Backed by Leading Fintech Venture Capital Firms Without carda leading fintech innovator known for its transformative co-branded credit card solutions, announced a $30 million growth investment round led by Activant Capital, with participation from new and existing investors, including Mischief (the fund co-founded by Zach Perret of Plaid),
November 26, 2024
Without a map, a leading fintech innovator known for its transformative co-branded credit card solutions, announced a $30 million growth investment round led by Activant Capital, with participation from new and existing investors, including Mischief (the fund co-founded by Zach Perret of Plaid), Industry Ventures, Thayer Ventures, Assurant and American Express. This brings Cardless’ total
November 24, 2024
Blockchain Africa Conference 2024 is expected to bring together blockchain developers, influencers, investors, entrepreneurs and business leaders from around the world at the CSIR International Convention Center in Pretoria (Tshwane) on November 20, 2024. This major event, marking the 10th edition and organized by Bitcoin Events, will foster collaboration and provide participants with an overview
November 23, 2024
Two founders of financial technology company Blueacorn indicted in wide-ranging case Paycheck Protection Plan fraud scheme in the Northern District of Texas, the Justice Department announced Friday. Stephanie Hockridgea former news anchor from Arizona, was summoned for a court appearance scheduled for Monday, and her husband Nathan Reis was arrested Thursday in Puerto Rico. The
November 21, 2024
Finastraa London-based financial software company that serves many of the world's biggest banks, has confirmed it is investigating a data breach after a hacker claimed a compromise of the internal file transfer platform of the company. In a statement given to TechCrunch, Finastra spokesperson Sofia Romano confirmed that the fintech giant had detected what it
November 21, 2024
(Bloomberg) - Shares of Rakuten Group Inc. fell as much as 6.7% in their biggest intraday decline since May due to delays in the Tokyo-based online mall operator's plans to consolidate its fintech operations. Most read on Bloomberg A plan to revamp Rakuten's banking, securities, credit card and insurance businesses under one roof had fueled
November 21, 2024
We recently compiled a list of 10 Best Fintech Stocks to Buy in 2024. In this article, we'll take a look at where Fiserv, Inc. (NYSE:FI) stacks up against other fintech stocks. Based on a collaboration between the World Economic Forum and the Cambridge Center for Alternative Finance, a report found that the global fintech
November 16, 2024
Stay informed with free updates Simply register at Technology sector myFT Digest – delivered straight to your inbox. French fintech Qonto is talking to investors about a sale of existing shares that could value it at €5 billion, the latest such deal as companies seek to reward employees and early backers in the face of
November 14, 2024
The Managing Director and Managing Director of First Bank Nigeria, Olusegun Alebiosu, has highlighted the importance of strategic partnerships in advancing Nigeria’s financial technology landscape. Lagos State Governor, Babajide Sanwo-Olu, has commended the bank for its commitment to advancing technology within the sector. the financial ecosystem and its central role in promoting financial inclusion. Speaking
