November 26, 2024
For 15 years, Kayla Morris, a former Texas schoolteacher, invested every dollar she could save into a home for her growing family. When she and her husband sold the house last year, they put the proceeds, $282,153.87, into what they considered a safe place: an account at a thrift startup. Yotta held in a real
November 26, 2024
SUMMARY Months after learning that Pine Labs was looking to go public, the fintech giant reportedly chose Axis Capital, Morgan Stanley, Citigroup, JP Morgan and Jefferies for its billion-dollar IPO. The company is expected to go public in the first half of FY26. There will be a secondary transaction worth $100 million (approximately INR 842.5
November 25, 2024
Left to right: Jason Hoch, John Reed Stark P'27, Kunru Li '25, Ben Narasin '87, Peter Gordon MBA'96. (Photo: Nic Czarnecki/Babson) OneStream's Kunru Li '25 won the third annual Babson FinTech Startup Pitch competition and took home $2,000 in cash prizes for her fintech idea. OneStream is an integrated AI-powered platform that helps mid-sized banks
November 25, 2024
SUMMARY The B2B fintech sector aims to find solutions through technology to make institutional operations more efficient, strengthen security frameworks and ensure strict regulatory compliance. B2B companies have much higher transaction volumes, more complex workflows, and increasingly stringent regulatory standards compared to their B2C counterparts. The rapid evolution of B2B banking technology is driven by
November 25, 2024
By mid-2024, Mike Packer, partner at fintech-focused QED Investors, predicted that we had already hit bottom in funding Latin American fintech startups and that a rebound was coming. Even though the momentum hasn't been straight up and to the right since then, it appears he was right. Source link Disclaimer We strive to uphold the
November 24, 2024
Between November 18 and November 23, 2024, up to 20 startups from various sectors raised $585 million in funding from investors. These sectors include Dronetech, Fintech, Deeptech, Dairytech, SaaS, Food, Gaming, Insurtech, Quick Commerce, Healthcare, Food and Healthcare. Last week, Indian startups raised over $179 million, with rural lending startup Sarvagram alone raising $67 million.
November 23, 2024
Mexico's economic development – boosted by the scale of offshoring in recent years – has made it fertile ground for startups. But this trend is threatened if President-elect Donald Trump follows through on his idea of take a harder line on trade with Mexico. Jaime Tabachnik, co-founder and CEO of Mexican trucking finance startup Solvento,
November 23, 2024
Ten years later pitch on stage at TechCrunch Disrupt in London, fintech N26 reported its very first quarterly profit (before taxes). The challenger bank with millions of customers across Europe generated a net operating profit of €2.8 million during the third quarter of 2024 (or $2.9 million at current exchange rates). This is an important
November 23, 2024
Saudi fintech startup EdfaPay conducted fundraising activity in the Middle East and North Africa region this week, raising growth capital to expand its operations geographically. It was followed by the Egypt-based furniture e-commerce platform. Ariikawhich raised additional Series A funding. Other startups that have closed funding rounds include the UAE-based blockchain-based maritime financial technology platform.
November 23, 2024
Philippine fintech startup Salmon is seeking a savings bank license for Santa Rosa Rural Bank as it expands its operations in the country. “Right now what we can see is that a savings bank will make sense, but we need to make sure we are ready, capital-wise, and meet all the potential criteria of the
November 23, 2024
CredFlow was founded in 2019 by Kunal Aggarwal and specializes in cash flow management. Source link Disclaimer We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's
November 22, 2024
The VISA Africa Fintech Accelerator announced 19 new startups pre-selected to participate in its biannual program. Startups, from 21 African countries and diverse sub-sectors, from embedded finance and SME lending to digital banking, will have access to tools, connections and expertise to scale their solutions, online with VISA's continued investment in Africa's digital transformation. .
