- Setu will operate independently and continue to serve its merchants while Pine will foray into embedded finance, using Setu's API stack to serve its online merchant partners.
- Founded in 2018, Setu provides API that allows banks and financial institutions to launch their financial services on its platform.
- Since 2021, Pine Labs has focused on payment gateway for online merchants and direct-to-consumer (D2C) brands using its platform, Plural.
MNT-Halan, an Egypt-based fintech super app startup has announced its completion of securitized bond issuance at $150 million of its loan book, as the first tranche of its $600 million deal with Egypt's Commercial International Bank (CIB). * The deal's proceeds will be invested in growing the startup's lending business lines
The biggest venture capital deals we tracked by region during the past week across emerging markets globally.
We tracked more than 30 tech funding deals across emerging markets worth over $1.5 billion, with companies in Africa and Asia alone raising over $1 billion.