September 4, 2024

Open banking platform Tarabut to 'revolutionise' payments in MENA after acquiring UK fintech Vyne, CEO says RIYADH: Open banking platform Tarabut will integrate advanced technology from recently acquired payments company Vyne, bringing greater efficiency to the region, according to the company's CEO. In an interview with Arab News, Abdulla Al-Moayed highlighted the transformative impact that

September 4, 2024

South African fintech Omnisient has secured a $7.5 million Series A investment from Arise. Arise backs African financial service providers and fintechs that work to widen financial inclusion. The round will fund a move into new regions and deeper data partnerships. Omnisient launched in Cape Town in December 2019. Today it runs a privacy-preserving data

September 4, 2024

A sustainable finance accelerator backed by Commerzbank has named its first 10 startups. Commerzbank runs the program with Tenity, an early-stage investor and accelerator, and with neosfer, the bank's own innovation and venture unit. The cohort spans climate and biodiversity data, real estate and renovation, supplier management, and corporate mobility. One Swiss company, Pelt8, made

September 4, 2024

Launching a fintech startup looked easy in 2021. That year set a record for fintech investment, and growth alone could win a round. Since then, the mood has flipped. Investors now want a clear path to profit before they write a cheque, so launching a fintech startup demands proof, not just promise. Founders who cannot

September 4, 2024

Indian fintech startups have grown roughly fivefold in three years. The count rose from 2,100 in 2021 to 10,500 by 2024, according to a JM Financial report. By 2025, the broader ecosystem held more than 14,500 fintech firms, KPMG estimated. That tally places India alongside the United States, United Kingdom, Singapore, and China at the

September 4, 2024

Invest4Edu seed funding has closed at $3 million in a round led by undisclosed family offices, the Mumbai-based education planning platform announced. The startup operates in the B2C and B2B2C segments. It offers AI-driven education planning, savings, and investment services to Indian families. Founders said the capital will accelerate sales, marketing, technology, and product development.

September 4, 2024

HSA FSA payments now sit at the centre of a $150 billion annual spending pool that most direct-to-consumer health and wellness brands cannot yet capture. Flex, a San Francisco fintech founded in June 2023, set out to fix that. The company raised $3.2 million in seed funding in September 2024. Backers included Y Combinator, SV