In Today’s FinTech news, PYMNTS is introducing the FinTechIPO™ Index to give people an idea of how the firms within the index are performing, while London-based FinTech Nous raised $8.9 million to people tackle the cost of living.
There are the Dow, the Nasdaq and the S&P 500. And now there is the new FinTechIPO™ Index, which will track over time how FinTechs are performing since their initial public offerings. The FinTechIPO™ Index can be put up against the wider market blueprints as another barometer for a deeper look and better understanding of the market.
London-based FinTech Nous is on a mission to help households better deal with the realities of the increases in the cost of living. The startup’s tech platform aggregates first- and third-party data feeds to deliver real-time financial information with actionable insights.
African retail group Massmart is extending its partnership with Mastercard to bring additional eCommerce solutions to small businesses in South Africa. The collaboration has given companies the ability to purchase discounted electronic Point of Sale (POS) and mobile POS devices from Massmart.
Indonesian banking and digital finance platform Akulaku raised a $100 million strategic investment from Siam Commercial Bank. The new capital will help Akulaku accelerate its plans to grow its footprint across Southeast Asia. Launched in 2014, Akulaku already has a presence in Indonesia, the Philippines and Malaysia. The startup is on a mission to help underserved customers in emerging markets get access to digital banking and other financial services.