Category: FinTech
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Munich-Based FinTech Startup Pigtie Receives Six-Figure Pre-Seed Investment!
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Pigtie (website) receives its first investment from business angels for its vision to become the financial home of Generation Z and all generations to come. The startup is developing a holistic financial platform that empowers its user’s to take their finances into their own hands. The Munich-based FinTech startup was…
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Alibaba Founder Jack Ma Plans To Withdraw From Ant Group
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Chinese regulators have once again targeted Alibaba Group Holding, a major shareholder in Ant Group, after several fines were already imposed on the Internet group. The powerful Alibaba Group Holding Ltd and Jack Ma’s financial technology giant Ant Group have been under scrutiny from Chinese authorities for years. Ant told…
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U.S. Fintech Company Umba Acquires Majority Stake In Kenyan Microfinance Bank Daraja
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Umba, a U.S.-based digital bank focused on emerging markets, has acquired a majority stake in Daraja, a Kenyan deposit-taking microfinance bank, for an undisclosed amount. Kenya’s monetary authority, the Central Bank of Kenya (CBK), said Umba had acquired a 66.6% stake, which is expected to accelerate Daraja’s digitization.
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Kenya’s Banks Ordered To Stop Dealing With Flutterwave And Cipper Cash!
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According to media reports, the Central Bank of Kenya (CBK) has ordered lenders and microfinance institutions to stop doing business with fintech companies Flutterwave and Chipper Cash. The CBK said in a letter to the CEOs of commercial banks, microfinance companies and mortgage lenders that the two startups have been…
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FinTech Wales Boots Off Its Third Accelerator Programme!
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FinTech Wales, the Not-For-Profit membership organization for the FinTech and financial services industry in Wales, has opened the application process for the third season of its accelerator program, FinTech Wales Foundry. The application deadline is August 19, 2022.
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Rapyd Enables Payment From The Rakuten Viber App
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Rakuten Viber, a private and secure messaging and voice-based communications provider, relies on the fintech platform Rapyd (website) to launch Viber Pay, introducing in-app payment transactions to the Viber app and its millions of users. The feature, provided by Rapyd, will allow Viber users to store money in a mobile…
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Monkee: 1.5 million euros for the “Save Now Pay Later” startup
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Save Now Pay Later (SNBL) has become a major trend in the FinTech space. The idea is to get users of fintech apps to save money later to buy products from partner merchants at a lower price. The Austrian SNBL startup Monkee (website) secured €1.5 million in its third round…
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The Russian High-Risk Payment Processor Payeer!
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In March 2022, the Estonian FIU forced Russian-controlled Garantex Europe OÜ d/b/a Garantex to surrender its crypto license due to money laundering issues with Russia. However, many other FIU-licensed crypto payment processors controlled by Russians engage in illegal activities. One is the notorious scam facilitator and merchant service provider Payeer…
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Merchant Warning: OpenUp Works With Paid Trustpilot Reviews!
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Currently, the high-risk payment processor OpenUp.Finance is experiencing problems. Existing and former employees have contacted FinTelegram and provided insider information. We have thus been able to confirm that the notorious British-Indian payment veteran Ruchi Rathor is one of the beneficial owners. On July 26, 2022, OpenUp announced the separation of…
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High-Risk Payment Processor OpenUp Seems Related To iPayTotal Group!
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OpenUp is a high-risk payment processor operated by Openup Consulting Services AsP, a company registered in Denmark and owned by Chestnut Investments Lda in Portugal. The only director of Openup is Svetlana Ivanova. On LinkedIn, we found 12 people connected to the OpenUp across different jurisdictions. We published a whistleblower…