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An earlier version misidentified a funding source as Zhang Capital Partners. Some of the more interesting stories in international fintech this week come from the Central Asian nation of Kazakhstan. Solva, a Kazakhstani fintech that provides working capital solutions, has secured an investment of $20 million. The funds will help Solva grow from a microfinancier Read more…
Our final Finovate Global column of 2023 celebrates the conversations we’ve had this year with fintech innovators from around the world. Stay tuned in 2024 for more interviews with some of the most interesting founders, entrepreneurs, and thought leaders in fintech and financial services. “We developed BehaviorQuant because every financial decision is ultimately made by Read more…
A newly announced partnership between institutional payment orchestration platform Paydock and Australia’s Commonwealth Bank (CBA) will give merchants in Australia the ability to offer their customers a range of new payment options. This new flexibility comes courtesy of PowerBoard, which provides a dynamic payments experience to customers via API, without requiring businesses to make major Read more…
U.S. President Joe Biden and Chinese President Xi Jinping are meeting in California this week. With that in mind, Finovate Global turns to China for the latest fintech news from the world’s second most populous country. For context, the People’s Bank of China (PBOC) released its Fintech Development Plan for 2022-2025 almost two years ago. Read more…
Tabby, a Buy Now, Pay Later platform based in Riyadh, Saudi Arabia, has secured $200 million in Series D funding. The round was led by Wellington Management. The investment gives the company a valuation of $1.5 billion, making Tabby MENA’s latest fintech unicorn. With participation from Bluepool Capital and existing investors STV, Mubadala Investment Capital, Read more…
Arguably the premier fintech hub in Asia, Singapore has benefitted from its own strong growth, the emerging economies of its neighbors, and a robust regulatory regime in the form of the Monetary Authority of Singapore (MAS). According to the 2022 FinTech State of Play report from the Singapore Fintech Association, Singapore has more than 1,000 Read more…
Philippines-based digital bank Tonik has entered the insurance business. The neobank announced a new strategic partnership this week with life insurance company Sun Life Grepa Financial, Inc. (Sun Life Grepa). The partnership will enable Tonik to offer its customers Payhinga, a credit life and disability insurance product. Payhinga gives policyholders access to life and disability Read more…
London-based fintech and digital wallet HyperJar announced a partnership with digital gift card network, Tillo. The announcement makes HyperJar the first spending app to integrate instant Cashback Gift Cards. The cards enable customers to earn instant cashback of up to 15% from more than 50 top brands including Ikea and Amazon. In a statement, HyperJar’s Read more…
Lithuania is one of those countries that punches above its weight in terms of fintech innovation. With a population of less than three million, the country boasts more than 260 fintech companies. It is the largest fintech hub in the EU when it comes to licensed companies. These fintechs, numbering nearly 150, represent the majority Read more…
What do you as an investor know about the people who manage your money? If your answer to this question is “not very much,” then imagine the challenge of banks and other financial institutions who invest millions of dollars with hundreds, if not thousands of investment professionals. This is an underdiscussed problem in the investment Read more…
FinovateFall is right around the corner (September 11 through September 13). If you still haven’t registered for our annual autumn fintech conference in New York this month, there’s no better time than the present. Visit our FinovateFall 2023 hub today and save your spot. This week’s edition of Finovate Global highlights companies headquartered outside of Read more…
The Hong Kong Monetary Authority (HKMA) unveiled its Fintech Promotion Roadmap today. The goal of the document is to provide a strategic outlook for the coming year to promote fintech adoption and innovation across Hong Kong’s diverse financial services ecosystem. The top takeaways? The Roadmap highlights three business verticals: wealthtech, insurtech, and greentech – as Read more…