January 16, 2025
Major in e-commerce Amazon signed an agreement to acquire fintech loan startup Axio, formerly Capital Float. "In December, after completing due diligence, we signed an agreement with Amazon for a proposed acquisition of Axio. The transaction will now await required regulatory approvals," Axio said in a blog post. Development follows Amazon Smbhav Venture Capital Fund
January 15, 2025
Remittance-focused fintech startup LemFi has announced a major $53 million capital raise in a Series B funding round, aimed at facilitating its expansion into Europe. The round was led by London-based growth-stage investment firm Highland Europe, with participation from existing investors including Endeavor Catalyst, Left Lane Capital, Palm Drive Capital and Y Combinator. This brings
January 15, 2025
Based in Amsterdam Clearlya fintech company focused on in-person payments, announced that it has raised €6 million in a seed round. Proceeds will support Klearly's expansion into European markets and enable its SaaS partners to offer in-person payment solutions to SME merchants. Before this cycle, in May 2023, Kclearly secured €2.1 million as part of
January 15, 2025
Nigerian fintech startup LemFi has raised $53 million in Series B funding to help it expand its product offerings and become a comprehensive financial services hub for immigrants around the world. Founded by Ridwan Olalere and Rian Cochran in 2021 under the name Lemonade Finance, before a Name change in 2023, LemFi is an international
January 15, 2025
FortuneAlza, a Latin American startup that raised $6.6 million, abruptly shuts downAlza, a fintech backed by Thrive Capital, has closed its doors. The Alza website was offline on Monday and instead displayed the following… 1 day ago
January 14, 2025
Annual Fintech Summit 2025 (Fintech Week 2025) is a leading annual conference that brings together influential leaders and innovators from the global fintech industry to explore emerging trends, make connections and exchange valuable insights. This event is a hub for professionals, executives, entrepreneurs, investors and regulators from around the world, all united by a common
January 14, 2025
Coming from South Africa but living in Europe, I can tell you that sending money to family and friends back home is a bit of a nightmare. Typically, you have to use a traditional bank, which can take a week or more, or payment apps like PayPal or Wise, which charge high fees. The outdated
January 14, 2025
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January 14, 2025
Fintech continues to be a favorite among venture capitalists as the sector attracted $1.026 billion in funding in 2024. This figure represents 47% of the $2.2 billion total, according to company data African analysis of venture capital financing, Africa, the big deal. According to him, fintech's share of the total represents an improvement on the
January 14, 2025
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 possible that some of the investors we feature have ties to other companies, including competitors or
January 13, 2025
Lagos, Nigeria – January 12, 2025 - Twenty exceptional startups representing 17 African countries have been selected to advance to the acceleration phase of the Timbuktu Fintech Startup Accelerator Program. This milestone is the culmination of the Transformation Bootcamp phase which brought together 45 startups from 34 African countries, equipping them with the critical tools
January 13, 2025
Singapore tops the chart, with fintech companies raising $955 million. 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 possible that some of
