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Buffett-backed Nubank becomes Latin America's most valuable listed bank
Latin American fintech Nubank priced its class A shares on Wednesday at $9 each in an initial public offering on the New York Stock Exchange which valued it as the biggest listed bank in the region.
The UK Government Focuses on Fintech for Financial Inclusion
The UK government is looking at fintech solutions to make financial inclusion a reality for more people. HM Treasury's December 2021 report states that the UK is taking additional measures to provide more accessible financial services when people set up their first bank accounts, obtain insurance, mortgages, or credit, and retirement planning.
Kenya’s fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions
The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary backend-as-a-service (BaaS) software.
WhatsApp launches cryptocurrency payments pilot in the US
WhatsApp has launched a new pilot that lets a “limited number” of people in the US send and receive money from within a chat using cryptocurrency. The feature is powered by Novi, Meta’s digital wallet that launched as a pilot six weeks ago, with payments made using Pax Dollars (USDP), a stablecoin pegged to the US dollar issued by Paxos.
Klarna launches browser extension with payments and coupons
Fintech startup Klarna is launching a desktop browser extension that provides many of the features that you can find in the company’s mobile app — but on your computer. In addition to the ability to manage your Klarna payments, the extension automatically applies coupon codes when you’re on a checkout page.
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Mark Cuban & Tim Draper: Finimize Crypto Summit (Full Video, Unedited)
Finimize CEO Max Rofagha interviews investing icons Mark Cuban & Tim Draper Live at the 2021 Finimize Crypto Summit.
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6 tips for fintech founders, from Mastercard’s roundtable
What are the hottest opportunities in fintech? And what should every founder know when setting up their own fintech company?
These were just two of the topics discussed in last week’s roundtable, produced in partnership with Mastercard.
Traditional banks ask for 'even floor' to compete against fintech companies
The Association of Banks of Mexico (ABM) reported that it is preparing a document for the authorities to request "an even floor" to compete with financial technology (fintech) companies and will request that they make their costs transparent to users.
Fintech trends: What trends will shape the fintech landscape in 2022?
From eye-watering funding rounds to the acceleration of digital payments and the rise of ecommerce - the fintech sector has continued to demonstrate its innovation and agility, even in the most challenging of times. With the new year just around the corner, this is an opportune time to take a moment to reflect on some of this year’s most prominent fintech trends, before sharing some predictions for what is to come in 2022.
Debunking the ‘Startup Bubble’ With Valuation Data
The last two years produced an acceleration in the creation of VC-backed tech unicorns, with the count going from 100 at the end of 2019 to more than 200 already at the end of 2021 according to the State of European Tech report. Total funding across Europe smashed records, with founders pulling in $121 billion from investors who are closing deals faster and at ever high valuations.
So what is driving this increase? Is it justified? What does it even mean for a startup to be overvalued? What can we learn from our data?