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Temenos in Tunisia; Fenergo Backs Blockchain-based KYC in Bahrain

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.


  • Singapore-based financial supermarket GoBear scoops up $80 million in new funding.
  • Wipro builds prototype for central bank digital currency project in Thailand.
  • Chinese fintech Pintec Technology opens international headquarters in Singapore.

Sub-Saharan Africa

  • Chipper Cash, an African cross-border payment startup, raiseded $2.4 million in funding – including a contribution from football Hall of Famer Joe Montana’s Liquid 2 Ventures.
  • Central Bank of Kenya and the Monetary Authority of Singapore to launch the first Afro-Asia Fintech Festival.
  • Remoney wins Innovation in Lending award at the Nigerian Fintech Awards.

Central and Eastern Europe

  • Twisto closes $15.7 million capital raise.
  • Estonia tightens regulations on granting virtual currency licenses.
  • Partnership between Wirecard and Orange Money to bring digital payment services to Eastern Europe.

Middle East and Northern Africa

  • Fenergo supports Bahrain’s blockchain-based KYC.
  • ACI extends partnership with Vocalink into Saudi Arabia to facilitate the adoption of real-time payments through ACI’s UP Real-Time Payments solution.
  • Tunisian bank selects Temenos to drive digital transformation and future growth.

Central and Southern Asia

  • New Indian Express features digital piggy bank, Wizely.
  • Zawya looks at the potential for Islamic banking and finance in Uzbekistan.
  • YourStory profiles year-old fintech startup, Nira.

Latin America and the Caribbean

  • Mastercard partners with Edenred and northern Mexico state of Sonora to trial biometric cards.
  • Brazilian fintech Nubank goes live in Mexico.
  • Bolivia launches interoperable payment solution using QR codes.

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