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China’s recent emergence from severe COVID lockdowns has caught the attention of investors, who sent shares of Chinese companies soaring in the final months of 2022. The momentum has continued into 2023 with many observers and analysts suggesting that, while China’s COVID-related woes may not be over, the country and its $17+ trillion economy may Read more…
This week’s edition of Finovate Global showcases some of the fintech founders and CEOs we’ve had the good fortune to interview this year. From embedded finance to the emerging data economy to the connection between open banking and serving the world’s un- and underbanked, fintech innovators in developing economies continue to deliver for both their Read more…
Digital banking solutions provider Moneythor launched a new engagement tool for wealth managers. The new offering is designed to help wealth managers leverage client data to create more personalized experiences that help customers build their wealth. Moneythor was a finalist in this year’s Finovate Awards in the “Best Fintech Partnership” category. Moneythor, a Finovate Awards Read more…
Pakistan-based embedded finance platform Neem forged a strategic partnership with BPC this week. The first Pakistan fintech to be enabled by BPC, Neem will use the company’s SmartVista platform to power its embedded finance infrastructure. Neem is targeting the more than 200 million consumers and 3.3 million micro, small, and medium sized enterprises (MSMEs) that Read more…
The ESG (Environmental, Social, and Governance) movement may be drawing snickers from some corners of the investing world. But in places like Singapore, the drive to build a more sustainable, equitable, and accountable world for investors and users of financial services, is picking up steam. This week, the Monetary Authority of Singapore announced the launch Read more…
This week’s edition of Finovate Global takes a look at recent fintech developments in Germany where green banking, embedded finance, and open banking are the themes at the top of this week’s fintech headlines. First up, Berlin-based Sustainability-as-a-Service innovator ecolytiq announced that it was teaming up with Slovakian financial institution Tatra Banka. The climate engagement Read more…
Insights-led customer engagement platform MoEngage made its Finovate debut at FinovateFall 2019 in New York. Three years later, the company returned to the Finovate stage for FinovateEurope 2022 in London. At this year’s conference, MoEngage demonstrated its full-stack solution featuring customer analytics, automated cross-channel engagement, and AI-driven personalization. “71% of banking customers expect to receive Read more…
Digital financing platform Funding Societies agreed to acquire payments solutions company CardUp. The announcement comes four months after Funding Societies closed a $294 million Series C investment. Financial terms of the deal were not disclosed. Digital financing platform Funding Societies has agreed to acquire payments solutions company CardUp for an undisclosed amount. The news comes Read more…
This week’s edition of Finovate Global takes a look at two Finovate alums that are helping support fintech innovation in the Middle East and Africa. First up is engagement banking platform provider Backbase. The four-time Finovate Best of Show award-winning company announced this week that it has forged a new partnership with Bahrain FinTech Bay Read more…
Mastercard will welcome five fintech startups to its inaugural Start Path Open Banking Program. The initial cohort will feature two Finovate alums: UAE/San Francisco-based Dapi and mmob, a Best of Show winner from the U.K. The new, open banking-oriented program will enable fintechs to leverage Mastercard’s open banking expertise and market insights to scale their Read more…
Klar, arguably the largest digital bank in Mexico, secured $70 million in equity funding this week. The investment – led by existing investor General Atlantic and featuring participation from Prosus Ventures, Quona Capital, Mouro, IFC, Acrew, and Endeavor Catalyst – gives the company a valuation of $500 million. Klar has raised more than $150 million Read more…
Core banking expert Thought Machine raised $160 million in Series D funding. The investment was led by Temasek and saw participation from Intesa Sanpaolo, Morgan Stanley, Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group, and SEB. Thought Machine’s valuation now totals $2.7 million, double the valuation it held last fall. Core banking innovator Thought Machine landed Read more…