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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.

Kenyan fintech startup FinAccess raises $500 thousand in funding

Kenyan fintech startup FinAccess raises $500 thousand in funding

FinAccess, a financial technology startup offering software-as-a-service (SaaS) solutions has raised $500 thousand in its pre-Series A funding round led by HAVAIC, a venture capital firm based in Cape Town. * The fund will be used to improve the startup's market leadership in Kenya and expand into new geographies. * Founded in

Nigerian fintech startup TeamApt raises over $50 million in funding

Nigerian fintech startup TeamApt raises over $50 million in funding

TeamApt, a Nigeria-based financial technology startup has raised over $50 million in funding from QED Investors, a US fintech-focused capital firm. * The fund will be used to widen the startup's credit offering, it claims. * Founded in 2015, TeamApt builds financial platforms for businesses including payment, banking, credit and business management

Mexican fintech Clara raises $50 million to expand payment solutions in LatAm

Mexican fintech Clara raises $50 million to expand payment solutions in LatAm

Clara, a Mexico financial technology startup that offers credit card and spend management for companies, has raised $50 million in debt financing from Goldman Sachs with the option to increase it to $150 million. * The fund will be used to improve its products and support its expansion plans, the startup

Crypto exchange platform Yellow Card launches its payment solution Yellow Pay

Crypto exchange platform Yellow Card launches its payment solution Yellow Pay

Yellow Card Financial, a global crypto exchange platform, which is available in over 14 African countries, has launched a new payment feature called Yellow Pay. * Yellow Pay uses Yellow Card’s crypto exchange platform to complete customer transactions in USDT. * The payment solution will make it easier for customers to

African fintech has an identity verification problem begging for a solution

African fintech has an identity verification problem begging for a solution

🚀The Draft is a weekly series that brings you the most important technology news across emerging markets, written by Juwon and edited by Loy. Follow the rest of our coverage on Techloy.com and up-to-the-minute updates @techloy As the saying goes...an apple a day keeps the doctor away. In

Mexican BNPL B2B startup Kontempo raises over $30 million in funding

Mexican BNPL B2B startup Kontempo raises over $30 million in funding

Kontempo, a Mexico-based buy-now-pay-later (BNPL) B2B startup providing payment solutions for businesses in LatAm, has raised $31.5 million in its seed round funding led by Portage, a VC firm based in Canada. * The fund was raised in a mix of debt and equity, with $25 million for debt financing,

Indian fintech platform CredAble secures $9 million in funding

Indian fintech platform CredAble secures $9 million in funding

CredAble, a fintech startup based in India has secured $9 million in its new funding round led by Axis Bank, a private sector lender. * The fund will be used to accelerate the growth of the fintech startup, it claims. * Founded in 2017, CredAble provides working capital to large, mid, emerging

Argentinian fintech infrastructure startup Geopagos raises $35 million in funding

Argentinian fintech infrastructure startup Geopagos raises $35 million in funding

Fintech infrastructure-providing startup based in Argentina, Geopagos, has raised $35 million in its new funding round led by Riverwood Capital. * The fund will be used to develop its technology infrastructure stack and expand to countries in other regions, including Brazil where it launched recently. * Founded in 2013, Geopagos enables businesses

Indian fintech startup Credit Fair raises $10 million in seed round

Indian fintech startup Credit Fair raises $10 million in seed round

Credit Fair, a fintech startup based in India has raised $10 million in its seed round funding, in a mixture of debt and equity financing led by LC Nueva AIF. * The fund will be used to improve its technology stack and customer experience at the point of sale, as well

Indian employee benefit startup Jify raises $10 million

Indian employee benefit startup Jify raises $10 million

Jify, an India-based employee benefit startup which helps employees to have practical savings and improved finances has raised $10 million in funding from Accel and Nexus Venture Partners. * The fund will be used to strengthen its fintech product offerings, drive up customer acquisition, and increase its adoption among the workforce