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Fintech

Fintech

Read news and data about financial technology companies in the world's largest emerging markets in Africa, Asia, Latin America, Eastern Europe, and the Middle East.

Indian fintech platform Innoviti secures $9.6 million in Series D

Indian fintech platform Innoviti secures $9.6 million in Series D

Innoviti, a payment solutions company based in India has secured an additional $9.6 million in its ongoing Series D funding round led by FMO, a Dutch development bank. * The investment will be used to fund its working capital, market its mid-market products, and strengthen its B2B and digital technology,

Indian fintech startup ShopSe raises $6.1 million in Series A round

Indian fintech startup ShopSe raises $6.1 million in Series A round

ShopSe, an India-based fintech startup has raised $6.1 million in its Series A funding round from BEENEXT, Chiratae Ventures, and White Venture Capital. * The funds will help the startup to hire more talents, widen its partnerships, and further develop its platform. * Launched in 2020, ShopSe is a fintech platform

Kuwait's fintech startup Enabill secures $1.2 million in seed round

Kuwait's fintech startup Enabill secures $1.2 million in seed round

Enabill, a fintech startup in Kuwait has secured $1.2 million in its seed funding round from The Taken Seat Venture and angel investors in Kuwait. * The funds will help the startup to develop its tech team, increase its capabilities and expand in Gulf Cooperation Council (GCC) areas this year,

Indonesian fintech startup Pebble raises $6.2 million

Indonesian fintech startup Pebble raises $6.2 million

Pebble, an Indonesia-based fintech startup has raised $6.2 million in its new funding round to expand across Southeast Asia. * Pebble offers app-based services that allow users to save, spend and send money using their digital wallets. * The startup offers a 5% annual percentage yield and 5% cashback to users

Uruguay-based fintech Bankingly raises $11 million in funding

Uruguay-based fintech Bankingly raises $11 million in funding

Bankingly, [https://www.bankingly.com/?lang=en] a fintech firm based in Uruguay has raised $11 million in its new funding round led by Dalus Capital. * The funds will help the software-as-a-service (SaaS) company expand into 25 new markets, widen its presence in Latin America and make entry into Asian

Southeast Asian fintech Xendit raises $300 million

Southeast Asian fintech Xendit raises $300 million

Xendit, [https://www.xendit.co/en/] a payment infrastructure company based in Southeast Asia has raised $300 million in its new funding round bringing it to $538 million raised so far. * Part of the funds will be used to expand into new markets in Thailand, Malaysia and Vietnam, the company

Brazilian fintech startup Nomad raises over $32 million

Brazilian fintech startup Nomad raises over $32 million

Nomad, [https://nomadglobal.com/] a fintech startup that allows Brazilians to open accounts in the US has raised $32.1 million in a new funding round led by the Stripe Fund. * The funds will be used to develop new products, increase its customer base and build out new technologies, the

Brazilian fintech Dock clocks $1.5 billion in valuation, becomes a unicorn

Brazilian fintech Dock clocks $1.5 billion in valuation, becomes a unicorn

Dock, [https://www.linkedin.com/company/dock-community/?originalSubdomain=br] a Brazil-based fintech company has reached a $1.5 billion valuation after its new funding round led by the Lightrock and Silver Lake Waterman funds. * Dock provides bank-as-a-service (BaaS) for merchants in need of payment processing, proprietary credit cards, and other

UAE-based fintech Pemo secures $12 million in funding

UAE-based fintech Pemo secures $12 million in funding

Pemo, [https://www.pemo.io/] an expense management fintech startup based in UAE has secured $12 million in its seed funding round. * The funds will be used to further develop its product offering, and expand its operations into Saudi Arabia by the end of 2022. * Pemo is a fintech startup

Pan-African fintech startup Bamba raises $3.2 million in funding

Pan-African fintech startup Bamba raises $3.2 million in funding

Bamba, [https://getbamba.com/] an African-focused fintech startup based in Kenya has raised $3.2 million in its seed funding round led by 468 Capital. * The new funding will be used to build out its product offering, expand its engineering team and increase its user base across 12 sub-Saharan African