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What African Fintech Startups Can Teach Silicon Valley About Longevity
One of the most conventional strategies for small-business longevity is the acquisition of financial resources. Although this approach has gained popularity in the West, especially among technology startups in Silicon Valley, it has not ameliorated the startup-survival problem. In fact, it seems to have exacerbated the situation. Statistics show that U.S.-based companies raise the most capital and experience the lowest longevity, whereas Africa-based companies raise the least capital and experience the highest longevity.
This Is Why Nu Holdings Is Better Than Most Fintech Stocks
There was a lot to like in Nu Holdings' recently released first-quarter earnings report. The Brazilian fintech company generated record revenue of more than $1.6 billion and record net income of close to $142 million, representing Nu's third-straight profitable quarter.
How fintech can adapt to a tougher environment
Fintech firms now operate in a more competitive environment than before, and the fight for both cost-conscious clients and increasingly wary investors will intensify. That will force many firms to focus on survival in the immediate future, and a faster path to profitability, rather than growth at any price.
AI for Facilitating and Preventing Scams
Artificial intelligence is a double-edged sword: it can be used for fraud and scam detection or be the very reason of a scam or fraud case.
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Fundraising in 2023: The ‘Dry Powder’ Conundrum
There are many different perspectives on the shifting sands of early-stage investment, but we’ve seen H2 2022/H1 2023 as a correction in terms of deal pace and the top percentile of valuations, while for many founders the main challenge is simply finding early stage investors that aren’t inundated with pitches.
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German Fintech Unstoppable Finance to Launch Europe’s First 'DeFi-Native Bank'
Berlin-based fintech startup Unstoppable Finance, currently most well known for its self-custodial crypto wallet called Ultimate, announced today it will be rolling out Europe’s first compliant "DeFi-native bank" alongside a fiat-backed Euro-pegged stablecoin following MiCA’s guidance.
Glovo Ukraine Startup Lab boosts FinTech, grants €35,000 to top three startups
Glovo, the Barcelona-founded global technology platform, recently hosted the Glovo Ukraine Startup Lab competition in partnership with the Ukrainian Startup Fund.
Africa and Asia-Focused Fintech Jia Raises $4.3 Million in Seed Funding Round
Jia, a blockchain fintech startup, recently revealed it has raised $4.3 million in a seed funding round which was led by the early-stage consumer crypto fund TCG Crypto. Jia has said it will use the funds raised to bolster its Kenyan and Philippines operations. Later, Jia will also use the capital raised to fund the exploration of new markets.
LatAm Fintech Kiwi Raises $80 million to Provide Underbanked Consumers with Credit Access in the U.S. | Business Wire
Kiwi, a fintech dedicated to helping consumers build credit history and improve financial literacy, today announced that it has closed a $75 million credit facility and $4.5 million pre-series A funding round. The debt financing was provided by i80 Group an investment firm that specializes in providing credit solutions to growth companies, while Advent-Morro Equity Partners, Altio Capital and Independent Capital led the equity round.