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Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans
Dash’s alternative payment network brings together this mobile money and traditional banks and facilitates transactions for consumers and businesses. It doesn’t aim to replace mobile money or banks. Instead, its wallet allows users to access a plethora of services they can’t find on their traditional provider.
Embedded finance startup mmob raises £5m for Malaysia expansion
London-based fintech mmob has closed £5m in a seed round of funding. The embedded finance company raised investment from a group of angel investors, which included senior banking executives and high-net worth individuals.
Egyptian fintech startup Nexta raises $2.2m pre-seed round
Egyptian fintech and next-generation banking startup Nexta is set to launch operations after satisfying all Central Bank of Egypt (CBE) requirements and securing a US$2.2 million pre-seed funding round.
Fintech firm Curve launches in the US
After opening its North American office in 2020 and raising $95m in funding in 2021, London-based fintech Curve has now launched in the US.
The “financial super app” allows users to combine all debit, credit and loyalty cards into one, with a range of other features including the ability to “go back in time” to move payments between banks.
African fintech Moove in R1.6-billion funding round
Barely a month announcing a US$10-million (R150-million) funding round, African mobility fintech Moove has raised a further $105-million (R1.6-billion) in a “series A2” round aimed at taking its business global.
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'You can hear the bombs': A fintech developer's life in Ukraine
There's a near constant pounding of explosions, a deep rattling thunder that won't stop. The piercing roar of jets. Air raid sirens. Traffic jams caused by fleeing vehicles.
These are the sounds of war. For Yevhen Matasar, it's the sound of his country being torn to shreds. "This is a very difficult situation," said Matasar from his car, parked in the dark outside a home in a small Ukrainian village as night fell. "You can hear the bombs and the fighter planes."
Ukraine: How fintech can prove itself to be a force for good
As the entire world watches on, trying to assist the plight of the Ukrainian people in whatever way they can, we’re also seeing industries adapt and tailor services to reach those most in need. Fintech is no exception.
Embedded finance and the growth of fintech in 2022
Embedded finance is perhaps the ultimate illustration of the customer-centricity that has come to the fore across many sectors today. Spurred on by disintermediation of the banking landscape, the concept straddles finance, banking, and payments, to offer customers more flexible and efficient financial processes.
How Covid-19 created a massive fintech boom
Covid-19 has created a fintech boom. Two years to the day after the World Health Organization declared that the world was in the clutches of a new pandemic on March 11, 2020, it’s clear that the financial technology sector has enjoyed record investment and skyrocketing adoption of its services.