African fintechs smashed fundraising records in 2021
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African startups raised between $4.3B and $5.2B in 2021. Between 53% and 62% of that funding went to fintech.
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Fintech News Stories
Wirex brings crypto-linked Visa cards to U.S.
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The London-based crypto payments platform has officially launched in the U.S. Wirex was the first to let customers make payments through prepaid Visa debit cards that are linked to crypto wallets.
Read More“Climate fintech” needs to decide what it is
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Climate fintech funding rose to $1.2B in 2021, according to CommerzVentures. Carbon accounting attracted the most funding, raking in $410M last year.
Read MoreBored Ape flirts with a16z
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Startup Yuga Labs, which minted the Bored Ape Yacht Club series of NFTs, is in financing talks with Andreessen Horowitz at a valuation between $4B and $5B. If it goes through, the deal would be the first institutional investment into the company.
Read MoreFollowing PayPal, Meta shares tumble 26%
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Meta, the company formerly known as Facebook, reported disappointing fourth-quarter earnings as well as its first-ever decline in users. The company’s market capitalization tanked—sliding from $898.5B to $668.4B.
Read MoreFinTech is on Fire. Karma Isn’t the Only Reason to Lend Out Financial Data - 5 Reasons Why It’s Good for Business
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As much as early-stage fintech startups benefit from free, early access to data, data providers and financial institutions can benefit from offering it. It’s a symbiotic relationship that helps each party and ultimately advances the entire financial services industry in the process.
Read MoreFacing scams and turbulent market, PayPal shares dip 25%
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The payments giant announced that it had closed 4.5 million “bad actor” accounts that had taken advantage of PayPal rewards programs. In addition, its payments volume only rose 23% in Q4, the smallest increase in two years.
Read MoreCan Monzo succeed in the U.S.?
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The U.K. digital bank officially launched its full-fledged product in the U.S. on Tuesday. Users can apply online for an account within 10 minutes, the company said.
Read MoreT-Mobile offers True Name service for debit cards
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With Mastercard as a payments partner, T-Mobile now lets people use their chosen name on the company’s debit cards. The service follows a similar service to let customers have their true names displayed on caller ID.
Read MoreF-Prime Capital debuts Fintech Index
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Launched this morning, the Fintech Index tracks the performance of 54 fintechs in public markets and tracks related exits. With a lifetime performance of +743.1%, the index has outperformed the S&P 500 by more than 600 percentage points.
Read MoreWhy is Valereum buying the Gibraltar Stock Exchange?
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Valereum, a Gibraltar-based holding company, announced that it is buying 90% of the Gibraltar Stock Exchange (GSX). Valereum looks to create the world’s first integrated fiat and digital exchange.
Read MoreTerraZero brings mortgages to the metaverse
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On Saturday, Vancouver-based TerraZero completed a “metabase mortgage” transaction with a client buying virtual real estate. The “land” purchased was in Ethereum-based metaverse Decentraland.
Read MoreWith two new tools, Intuit courts SMBs
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The first, QuickBooks Get Paid Upfront, lets small businesses apply for an advance up to $30,000 for qualifying invoices; the second, QuickBooks Early Pay, lets employees paid through QuickBooks Online Payroll access earnings between paydays.
Read MoreWhat’s Apple’s payments strategy?
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In the coming months, Apple will let iPhones accept credit cards without additional hardware. By turning its smartphones into POS systems, Apple is placing itself in direct competition with platforms like Square.
Read MoreFacing a volatile market, Robinhood touts reliability
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In a Tuesday blog post marking a year since the GameStop stock controversy, Robinhood brushed past liability claims to emphasize measures that should prevent another trading halt.
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