May 26, 2025

Fintech Companies Unite to Lower Remittance Costs in Africa In an effort to tackle the high costs associated with sending money to Africa, two leading global financial technology companies have partnered. Recent data from the World Bank reveals that sending $200 to sub-Saharan Africa incurs an average fee of 8.72%—making it the most expensive payment

March 27, 2025

Mercury Raises $300 Million, Surpassing $3.5 Billion Valuation The digital banking startup Mercury has secured $300 million in both primary and secondary funding, elevating its post-money valuation to an impressive $3.5 billion, the company confirmed. Significant Fundraising Milestone This latest funding round has more than doubled Mercury's valuation from its previous funding round, where it

February 21, 2025

Federal Agencies Directed to Halt Financial Assistance Programs Under New Trump Administration Guidelines In a significant development, the White House Office of Management and Budget (OMB) has issued a directive instructing all federal agencies to suspend financial assistance programs if there is any concern that such spending conflicts with the recent executive orders from President