FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

Nigerian FinTech Tingo Announces $900M Merger With MICT

Nigerian FinTech Tingo Announces $900M Merger With MICT
Nigerian FinTech Tingo Announces $900M Merger With MICT
May 13, 2022  |  Mena

Nigerian agri-FinTech company Tingo is set to merge with Nasdaq-listed financial services provider MICT in a deal expected to generate $900 million in yearly revenue...

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Investment Firm Thoma Bravo Acquires FinTech Bottomline Technologies
Investment Firm Thoma Bravo Acquires FinTech Bottomline Technologies
May 13, 2022  |  Acquisitions

Software investment firm Thoma Bravo on Friday (May 13) announced the finalization of its acquisition of FinTech Bottomline Technologies for $2.6 billion in cash, almost...

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Token.io Raises $40M To Drive Push for Account-to-Account Payments
Token.io Raises $40M To Drive Push for Account-to-Account Payments
May 13, 2022  |  Payment Methods

Open banking payments platform Token.io raised $40 million in a Series C funding round that it will use to continue advancing the shift from traditional...

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Nigerian FinTech Unicorn Interswitch Raises $110M for Expansion
Nigerian FinTech Unicorn Interswitch Raises $110M for Expansion
May 13, 2022  |  Investments

Interswitch, a Nigerian digital payments company that is Africa’s second unicorn, has raised $110 million to help it expand, according to multiple news reports. Get...

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Credit Unions Use Digital to Head Off Competition From Big Banks, FinTechs
Credit Unions Use Digital to Head Off Competition From Big Banks, FinTechs
May 13, 2022  |  Credit Unions

By and large, credit unions (CUs) are weathering the pandemic well, but nimble FinTechs and resourceful big banks want those loyal CU members as their...

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Affirm Surprises Market With Merchant and Customer Growth, Extended Shopify Pact
Affirm Surprises Market With Merchant and Customer Growth, Extended Shopify Pact
May 12, 2022  |  Earnings

After sliding 40% over the past week and 90% in six months, shares of the buy now, pay later (BNPL) provider Affirm saw a 30%...

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Doola Debuts US Banking for International Businesses
Doola Debuts US Banking for International Businesses
May 12, 2022  |  Banking

Doola, a business banking company, has debuted a new banking product for international businesses to be able to open a U.S. bank account remotely from...

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Today in FinTech: Italy to Germany; London to Brazil; Legacy Meets FinTech
Today in FinTech: Italy to Germany; London to Brazil; Legacy Meets FinTech
May 12, 2022  |  Fintech Investments

In today’s FinTech news, the Italian bank Nets is buying German point of sale firm orderbird, while London financial services firm Ebury signs a deal...

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Mastercard Brings Financial Inclusion Offering to Central America
Mastercard Brings Financial Inclusion Offering to Central America
May 12, 2022  |  Financial Inclusion

Mastercard is rolling out a financial inclusion program in Guatemala, El Salvador and Honduras that will “accelerate the company’s objective of including five million unbanked...

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