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Finovate Global: Fintech News from Around the World

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


  • Flywire and UnionPay International partner to provide Chinese customers with better rates on cross-border payments.
  • Leading southeast Asian digital cross border money transfer firm InstaReM goes live in Europe with new London office.
  • South Korean payments app Toss raises $40 million in funding.

Middle East and Northern Africa

  • Dubai International Financial Center (DIFC) teams up with Startupbootcamp as part of an effort to boost Dubai’s status as a regional fintech hub.
  • AME Info asks if Saudi women and UAE crypto can alleviate Bahrain’s debt crisis.
  • VentureBurn features Egyptian savings startup Money Fellows.


  • Elizabeth Rossiello, CEO and founder of Nairobi, Kenya-based BitPesa, talks about leveraging cryptocurrencies to improve global payments in Africa.
  • South Africa’s ITWeb features features Richard Marsden, co-founder of Johannesburg-based FinChatBot on the rise of chatbot technology in the insurance industry.
  • Branch International reports N1 billion ($2.78 million) in loans facilitated to users in Nigeria.

Latin America

  • Brazil’s Nubank reaches milestone of 1.5 million digital account openings in six months.
  • Latin American Regional Conference sponsored by Swift sees collaboration as fundamental for growth of financial services in Latin America.
  • Brazilian insurtech startup Kakau partners with insurance companies American Life and Generali.

Central and Eastern Europe

  • Kontomatik appoints CEO Piotr Warsicki as its new CEO.
  • Poland’s Alior Bank partners with solarisBank, Raisin, and Mastercard to launch pan-EU digital bank later this year.
  • The largest bank in the Czech Republic, Česká spořitelna introduces voice biometrics courtesy of partnership with Nuance Communications.