Category: FinTech
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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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$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…
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FinTech Atlantic Money Praises The “Great Work” Of Wise, Revolut, And PayPal – And Wants To Acquire Them!
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Wise, Revolut & Co have made a name for themselves with low fees for foreign transfers. Atlantic Money says: We can do it better and much cheaper. The founders of FinTech Atlantic Money do not lack self-confidence and aim to surpass their competition.
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Fintech Bank Receives An Investment License.
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Berlin-based Fintech Vivid has received permission to provide investment advice through its Dutch subsidiary. Neobank aims to offer a “super app” for all financial services. The neobank has received an investment license from the Dutch Financial Markets Authority (AFM).
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BLKB Continues To Expand Its FinTech Portfolio With Parashift!
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Basellandschaftliche Kantonalbank (BLKB) is stepping on the accelerator and taking another tech company on board. The largest bank in the Basel area is also pursuing big goals in the FinTech sector. The portfolio of participations and cooperations has been growing recently at a relatively high pace.
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OneConnect Is Among The 2022 IDC China FinTech Top 50 Companies For The 3rd Year.
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OneConnect Financial Technology Co., Ltd, the leading Technology-as-a-Service (“TaaS”) provider, was included as part of the 2022 IDC China Fintech Top 50 for the third consecutive year during the 2022 IDC Digital Finance Awards in Beijing held on August 18. Awarded by International Data Corporation (“IDC”), the award recognizes the…