Author: Lucas Peterson
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New Boss At Fintech Abrantix!
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Paytech company Abrantix has appointed former chief market officer of French payments giant Worldline, Roger Niederer, as its new CEO. According to a statement, Niederer brings global expertise in fintech and merchant services, M&A and internationalization experience, and a worldwide network. He replaces founder Daniel Eckstein, who will remain with…
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Fintech Tortoise Receives Funding From Swiggy And ZestMoney!
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Fintech startup Tortoise, a platform that rewards consumers for saving for their purchases, has received an undisclosed amount of funding from Sriharsha Majety, co-founder and CEO of Swiggy, and Lizzie Chapman, co-founder and CEO of fintech ZestMoney, as part of a mentorship round.
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Kenyan Pezesha Receives $11M from Women’s World Banking And IOG!
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The Kenyan embedded finance fintech company Pezesha (website) secured an $11 million pre-Series A equity round led by Women’s World Banking Capital Partners II with participation from Verdant Frontiers Fintech Fund, cFund, and Cardano blockchain maker Input Output Global (IOG). The round also included a $5 million loan from Talanton…
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McKinsey Expects Fintech Sales In Africa To Increase Eightfold Until 2025!
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According to McKinsey & Co, revenues for African financial technology companies could rise to $30.3 billion by 2025 – eight times higher than in 2020 – as a growing, young, underbanked population gains more access to the Internet. Financial services revenues in Ghana and Francophone West Africa will grow fastest,…
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Searching The Wirecard Millions? FinTelegram’s Investigative Journey To Find Answers!
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FinTelegram launched a new series about the search for the vanished Wirecard millions. The only big question at Wirecard was and is where around €1.9 billion remained. The Wirecard collapse in 2020 triggered one of the biggest financial scandals in Germany. While founder and CEO Markus Braun is still in…
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Cannabis Fintech Bespoke Expands BNPL Base In The Cash-Poor Industry!
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Fintech company Bespoke Financial plans to expand its “buy now pay later” service for cannabis businesses in California and Massachusetts later this year, its CEO George Mancheril said Thursday. The push comes after a successful pilot in July that allowed cannabis retail stores to buy products from producers using the…
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DWS Hires Ex-Fintech Manager For New Digital Unit
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German fund company DWS has appointed André Bajorat (LinkedIn) as head of the new Digital Strategy, Products and Solutions division. Bajorat is to take over the department on September 1. He has worked at Deutsche Bank since 2020 as head of the strategy at the corporate bank. Previously, he was…
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Five Months After A $55 Million Series B, FinTech Argyle Is Cutting Jobs.
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US-based Argyle (website), which aims to help businesses and institutions access employment data, has laid off several employees across all departments. The figure cited by Argyle does not include contractors who may be affected by the layoff. The startup raised a $20 million Series A in October 2020 and announced…
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Wanted: Vanished Serbian BoomBill Allegedly Stole Millions From Its Merchants!
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The vanished BoomBill was the trading name of the Serbian Boom Financial Management DOO, registered in Belgrade. It was a merchant of record or master merchant of Xcepts and allegedly used a fake individual and a fake company to receive an account from Xcepts. Boom had many sub-merchants, one of…
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$50,000 To Be Won In Ecobank’s 2022 African Fintech Challenge!
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Pan-African banking group Ecobank Group announced the launch of the fifth edition of the Ecobank Fintech Challenge, encouraging African fintech entrepreneurs to participate in the competition. The group says the best fintech selected that aligns with the bank’s strategic objectives will have the chance to win a USD 50,000 cash…