#fintech

#fintech

Global funding for fintech startups dropped by 20% in 2024, though the annual decline is the smallest in three years.

Oui Capital successfully returned its $4 million debut fund after selling shares in Moniepoint, showcasing the potential of early-stage African fintech investments.

Jar has achieved cash flow positivity while expanding its product range and growing significantly.

London's tech SMEs attracted £7.2 billion in private investment since 2019, underscoring their growth and the city's role as an innovation hub.

Nomupay capitalizes on underserved cross-border payments in Asia and the Middle East, differentiating itself from larger payment processors.

Visa's investment in Moniepoint enhances financial inclusion in Africa, particularly for SMEs.

Superlogic raised $13.7 million to enhance consumer experience with reward points, allowing them to access a wider range of experiences.

Understanding fintech concepts is crucial for all tech PMs due to its wide industry impact.

Fintech product managers require specialized knowledge of legalities, technical limitations, and trends.

Fintech disruptors use gamification and engaging design to transform customer interactions with banking, enhancing emotional connections.

UK neobanks have overtaken legacy banks in app downloads for the first time, signifying a shift in the banking landscape.

Divvy Homes sold to Brookfield Properties for about $1 billion, mostly to service its debts, leaving common shareholders without compensation.

Divvy Homes is being acquired by Brookfield Properties for approximately $1 billion, down from its last valuation of $2.3 billion in 2021.

Divvy Homes, initially successful in the rent-to-own market, faced challenges leading to acquisition by Maymont Homes amid operational failures and complaints.

RLTYco raises $20 million to support independent real estate professionals by providing quick access to commissions and essential business services.

Better launches the Better Forever program to enhance customer retention and offer a $1,000 discount for returning customers.

Bringin simplifies bitcoin conversion to euros via a virtual Visa debit card, promoting adoption in Europe.

Tech enthusiasm for IPOs is rising, aided by favorable policies and successful fintech examples.

Confidential filings allow companies to navigate market conditions before committing to public offerings.

Trump's TMTG plans to expand into cryptocurrency services with Truth.Fi, investing up to $250 million.

Trump Media launches Truth.Fi financial brand to diversify investments and capitalize on pro-crypto sentiment.

Robinhood is experiencing a significant turnaround, recently named 'comeback stock of the year' after overcoming challenges post-2021 IPO.

eToro has filed for a US IPO, potentially valuing the firm above $5 billion after previous plans to go public were shelved.

Deel is preparing for an IPO with a revenue run rate of $800 million for 2024.

AnchorWatch offers a unique insurance-backed bitcoin vault solution utilizing multisig technology.

Kirubha Perumalsamy co-founded Rollfi to facilitate digital payments and successfully pivoted to payroll services, leading to its acquisition by Priority Tech Ventures.

Asya Bradley joins Stripe to lead Startup & Venture Capital Partnerships, emphasizing the company's commitment to the startup ecosystem.

Method is a platform for integrating repayment and financial features into fintech apps, overcoming significant challenges with existing systems.

The nudge now called Lumio focuses on empowering users in managing their finances through education and ease of use.

Khazna is providing financial services to low and middle-income workers in Egypt, addressing the lack of access to formal banking.

Dub is an influencer-driven marketplace for investing that allows users to follow and copy trades from top investors.

2024 marked a pivotal year for fintechs, emphasizing operational efficiency over growth at all costs.

Interests rates impacted lending margins, pushing fintechs to innovate and diversify revenue streams.

Auquan automates financial research tasks using generative AI, catering to rising demand in the finance sector for efficiency and innovation.

2024 is a transformative year for the finance sector, influenced by AI advancements, political changes in the UK, and declining interest rates.

Engaging finance stories defined HackerNoon in 2024, showcasing the community's interest in compelling financial content.

Nomupay raised $37M to expand its payment platform in Asia, expecting to achieve profitability by 2025.

Bench customers face difficulties retrieving their financial data after the company's abrupt shutdown and sale.

Float Financial raises $50 million to focus exclusively on Canadian SMBs.

Pryce Yebesi launches Open Ledger after his exit from Utopia Labs, raising $3 million in funding.

NomuPay secures $37 million to enhance cross-border payment services across Asia and the Middle East.

Startup Cedar Money leverages stablecoins to streamline cross-border payments, particularly addressing inefficiencies in markets like Africa.

Cauridor is addressing the challenges of cross-border payments in Africa with a hybrid fintech solution.

JetBlue becomes the first airline to accept Venmo for flight payments, targeting younger, tech-savvy customers.

PayPal is showing signs of recovery with new leadership focused on improving offerings and revamping its growth strategy.

Klearly has raised €6M in seed funding to expand its in-person payment solutions for SMBs in Europe. It aims to disrupt the payment acceptance market.

Highnote raised $90 million to expand its payment solutions, integrating pay-in and pay-out functionalities for seamless financial operations.

Swan secures €42M in Series B funding to enhance embedded banking solutions, facilitating seamless integration of banking services within business software.

Float Financial successfully raised $48.5 million in Series B funding, emphasizing its focus on Canadian SMBs.

Bench's unexpected shutdown and rapid acquisition highlights volatility in the fintech industry and its impact on customers and employees.

Moove acquires Kovi to enhance its mobility financing solutions, aiming to build the world's largest ride-share fleet.

Now is the optimal time for Irish savers to invest due to competitive interest rates.

Bank of Ireland lowers fixed-term deposit rates reflecting ECB's trends and pressures from digital banks.

Gatis Eglitis is a highly accomplished leader in fintech, known for founding EXANTE and specializing in financial services and algorithmic trading.

Cave's extensive banking regulatory experience will drive innovation and transparency in mortgage lending at Mr. Cooper.

Xactus appointed Mike Brown as Chief Product Officer to drive technology and product innovation within the company.

Fintech requires high-performance architectures for real-time processing, scalability, and security, making Scala a prime technology choice.

Scalac has achieved significant growth and strategic partnerships, enhancing its position as a leading fintech development company in 2024.

Ramp Treasury provides businesses with a way to earn interest on cash, enhancing financial management capabilities.

Third-party recognition through awards helps financial services and fintech companies stand out in competitive markets.

The 2025 Tearsheet Awards celebrate excellence across multiple financial service categories.

WhatsApp can now roll out its payments service to all its users in India, marking a significant regulatory victory.

Qomodo is expanding BNPL solutions for physical retailers, raising €13.5 million in Series A funding to support small businesses in cash flow management.

Rocket's rebranding unifies its identity with a new logo that emphasizes accessibility and trust in homeownership.

The article discusses the evolving meaning of purple in design, particularly its association with Fintech despite its historical connotations of wealth.

Generative AI is rapidly becoming the primary focus in banking IT, outperforming traditional fintech discussions.

DEFAI is revolutionizing decentralized finance interactions using AI, enhancing user accessibility and simplifying trading tasks.

Nelly aims to transform healthcare with digital solutions, addressing significant gaps in administrative workflows within medical practices.

Nelly raised €50M to expand internationally and improve healthcare administrative workflows.

VC investments in MENA decreased significantly, yet early-stage funding shows promising resilience.

Remittances have become a vital financial lifeline for many emerging market economies, surpassing $669 billion in 2023.