FinTech Startups

Oct
30

The ‘Underbanked’ Is The Next Trillion-Dollar Opportunity in Fintech

It’s expensive to participate in the mainstream financial system if you’re poor. Overdraft penalties and banking fees prevent billions of people from accessing the most basic financial tools like savings accounts and lines of credit. This has created the greatest market opportunity in fintech—low-cost, high-tech financial services for the underbanked, said Angela Strange, a general […]

By Reposted by International FinTech | Banking . FinTech
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Oct
30

Stockholm-based fintech startup Dreams raises €9 million to help millenials fulfill their financial ‘dreams’

Stockholm-based fintech startup Dreams has raised €9 million in a late seed round. The investor pool includes AXA Investment Managers (AXA IM), the Norwegian insurance company Storebrand, Finnish Ålandsbanken and a group of private investors. Dreams helps its users fulfill their financial goals through a user-friendly mobile app using behavioural science. Launched in 2016, Dreams’ key commercial […]

By Reposted by International FinTech | FinTech . Investing . Venture Capital
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Oct
28

Iraqi company and Lebanese fintech launch the first digital-only payment card ‘Neo’ in Iraq

Iraq-based International Network for Cards and Digital Payment Services (INC Iraq) and a Lebanese fintech startup NymCard that is digitizing how payments cards are issued, delivered, and used, in collaboration with Visa have launched the first digital-only (prepaid) payment card ‘Neo‘ in Iraq to serve the underbanked Iraqi population, the two companies announced in a […]

By Reposted by International FinTech | FinTech . Payments
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Oct
28

FinTech will lead India’s financial formalisation

The Indian FinTech market has scaled great heights in the past few years, both in terms of funding and adoption of emerging financial services solutions. India ranked 2nd globally in FinTech adoption with the percentage of users reaching 57.9%. Deloitte has already pegged FinTech as one of the fastest-growing sectors due to increasing number of […]

By Reposted by International FinTech | FinTech
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Oct
28

Hungarian Central Bank reveals Fintech strategy to foster financial innovation

The central bank of Hungary, the MNB, has just published its first strategy on fintech. The plans aim to bring greater digitization to the domestic financial sector in the country. The report, titled ‘Financial Innovation and Stability,’ is the product of central bank collaboration with Hungarian companies working in the fintech industry. It is comprised […]

By Reposted by International FinTech | Banking . FinTech
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Oct
24

India FinTech Forum unveils 18 high-potential fintech startups for IFTA 2019

Around a month from now, on November 29, 2019, the India FinTech Awards (IFTA) 2019 will be taking place at Mumbai. The 18 fintech startups that will line up for this coveted award have since been shortlisted. The event and the selection are being handled by a non-profit organisation, India FinTech Forum. These 18 fintech […]

By Reposted by International FinTech | FinTech
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Oct
24

TransferWise expands in Middle East with Abu Dhabi license

TransferWise, the $3.5 billion financial technology start-up backed by investors including Peter Thiel and Richard Branson, is expanding its money transfer service in the Middle East. The company announced Tuesday it obtained a license as a Money Services Provider in Abu Dhabi. The license will allow users in the United Arab Emirates (UAE) to transfer […]

By Reposted by International FinTech | Currency . FinTech
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Oct
23

The recipe behind the UK’s Fintech success

Until now, the UK has been way ahead of the game in terms of fintech innovation. Indeed, the UK is apparently the fifth most innovative country in the world and was named as a leading European tech innovator in KPMG’s Global Technology Innovation report. The fact that we were first to introduce open banking has […]

By Reposted by International FinTech | FinTech
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