Solaris Bank to Secure Cryptocurrencies; Brazilian Fintechs Announce New Funding

Join us next month in Berlin, Germany for FinovateEurope 2020. Our three-day fintech conference will begin on February 11 and run through February 13.

The event features both our signature, seven-minute, live technology demonstrations, as well as keynote addresses, roundtables, and case studies on many of the most critical issues in fintech. Check out our conference agenda and stay tuned for more about our speakers and demoing companies.

Here’s our weekly look at fintech around the world.

Central and Eastern Europe

  • Austrian mobile payments firm Bluecode raises $13.4 million (€12 million) from European Private Venture Capitalists.
  • German fintech Solaris Bank announces plans to offer custodial services to cryptocurrency investors.
  • Ukraine’s mobile-only bank Monobank to expand to the U.K. in 2020.

Middle East and Northern Africa

  • IBM brings its fraud prevention technology to Qatar International Islamic Bank.
  • PYMNTS looks at the opportunities PSD2 may offer Turkish banks.
  • Egypt-based fintech Dayra wins $15,000 grant from Y Combinator’s Startup School, the first MENA-based startup to do so.

Central and Southern Asia

  • Business Recorder interviews Syed Mohsin Ahmed, CEO of Pakistan Microfinance Network.
  • Fintech Singapore lists India’s top fintech influencers for 2020.
  • Makers India highlights five women who are driving fintech innovation in India.

Latin America and the Caribbean

  • Born2Invest examines the impact of mobile money on Argentina’s banking industry.
  • Brazilian fintech Cora raises $10 million in funding to help provide financial services to SMEs.
  • Rebel, a startup that helps provide credit to middle-class Brazilians, rakes in $10 million in equity funding.

Asia-Pacific

  • With closing of a 70% stake in China’s GoPay, PayPal is the first non-Chinese firm licensed to offer payment services in the country.
  • FIS’ global ecommerce platform, Worldpay, partners with Japanese issuer and acquirer JCB.
  • Who are the top contenders in Singapore’s digital banking race? Fintech Singapore reviews the field.

Sub-Saharan Africa

  • Micro-investing startup Trove picks up an investment from Nigerian asset management company, ARM.
  • Kontomatik’s Konstantin Rabin looks at South Africa’s position as an “unlikely fintech leader.”
  • Julaya, a startup based in Ivory Coast that specializes in digitizing financial services for small businesses, raises $550,000 in funding..

As Finovate goes increasingly global, so does our coverage of financial technology. Finovate Global is our weekly look at fintech innovation in developing economies in Asia, Africa, the Middle East, Latin America, and Central and Eastern Europe.

Top image designed by Freepik

FinovateEurope Sneak Peek: Monobank

A look at the companies demoing live at FinovateEurope on February 12 through 14, 2019 in London, U.K. Register today and save your spot.

Monobank is a digital Norwegian retail bank with a European banking license operating in six countries. The company will be demoing its white label credit card and payment platform Mono Pay.

Features

  • Smooth customer onboarding and instant issuing of a digital credit card
  • Complete spending control with tags, spend-o-meter, receipts, and more
  • Support for multiple loyalty programs

Why it’s great
Whether you’re a bank, airline, or utility company, Monobank offers cutting edge and lovable fintech that connects your brand with your customers.

Presenters

Roy Gunnar Blommedal, Product Manager
Blommedal is highly experienced in business development, strategy, and innovation through Design Thinking. He is a passionate advocate for customer centric innovation and development.
LinkedIn

Samra Baftiarovic, Product Specialist
Baftiarovic is an experienced product specialist with a diverse banking background in customer interaction, fraud, and credit card platforms.
LinkedIn

Finovate Alumni News

On Finovate.com

  • New Investment in Zafin to Drive Innovation in Financial Services.

Around the web

  • London-based anti-fraud platform Fortytwo Data rebrands as Napier.
  • Fenergo launches new low to no-code administration suite, Fenergo Digital Configuration Studio.
  • Lighter Capital provides $700,000 in growth capital to FitSmallBusiness.com.
  • Forrester names CREALOGIX a leader in the Now Tech: Digital Banking Engagment Platforms, Q4 2018, category.
  • Artivest announces expansion of its platform to include product structuring and fund distribution solutions.
  • TransUnion unveils its Auto Payment Shopper solution to improve the car buying process for consumers, lenders, and dealers.
  • ieDigital named “market challenger” in latest Ovum Decision Matrix.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.