Fintech

Fintech Kissht and PayU’s LazyPay are among the apps that India’s IT Ministry has blocked in the ongoing crackdown as New Delhi moves to curb the misuse of consumers’ data and protect the nation’s integrity. The LazyPay website has been blocked by several internet service pr

Minu, a Mexico-based employee wellness company, grabbed $30 million in new funding as it continues building out its gamified and rewards features, including saving or completing financial education courses, while improving retention for employers. Company co-founder and CEO Nima Pourshasb told Tech

After raising $300 million in a round led by SoftBank back in 2021, U.K. neobank Zopa has closed a deal to put more funding in its coffers. The company — which provides consumers with lending services, credit cards and savings accounts and has some 850,000 customers — has raised £75 mi

In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the inability to pay collateral and lack of credit history to unfavorable lending criteria and high-interest rates.  Banks and governments have tried to address this gap across diff

Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country. The round includes $260 million in equity financing and $140 milli

Due diligence was a big topic in 2022 for a variety of reasons. But due diligence doesn’t just apply to investors pouring money into startups, or companies acquiring other companies. Businesses, especially those operating in financial services, also have to conduct an appropriate amount of du

The software-as-a-service (SaaS) industry is facing budget constraints and reductions in headcount as a result of the pandemic and the broader slowdown in tech. Companies have tightened up their budgets for SaaS purchases, looking to keep cash on hand whe growing more efficiently. That’s why

Fintech startup Plum is doubling the number of countries where it operates. The company is launching its product in five new European countries — Italy, Portugal, the Netherlands, Greece and Cyprus. Originally from the U.K., Plum is a money management app that helps you automatically set some mon

Electric vehicles accounted for nearly 6% of all new cars sold in the U.S. in 2022, an increase from 3.1% the year before, and that number will continue to grow over the coming years. While it’s still a young industry, the ecosystem surrounding EVs — from EV charging and installation to

India’s central bank has directed SBM Bank India to stop all outward remittance transactions in a blow to the bank and many of its fintech partners that offer services allowing users to invest in foreign services. The Reserve Bank of India (RBI) said in a brief statement Monday that it has or

Carrying cash used to be a thing, but now with credit cards, and more recently digital wallets, having more than a couple of dollars in your physical wallet is hard to come by. Unfortunately, that also leaves many of us ill prepared to show gratitude, especially when traveling, to give a cash tip t

If you thought the fourth quarter of 2022 felt slow when it came to investment activity in the fintech space, that's because it was. In fact, the three-month period marked the lowest quarter for U.S. fintech funding since 2018, according to CB Insights' State of Fintech 2022 Report. But ove

Komunal is reaching out to Indonesia's rural customers by going where they are. The fintech partners with more than 220 banks in tier 2 and tier 3 cities spread through 19 provinces. Founded in 2019, the startup announced today it has raised $8.5 million in funding led by East Ventures Growth F

Soundboxes — hardware used by merchants that emits sounds every time a mobile payment is made — have taken off in India, where point of sale activity can get busy and voice alerts from the soundbox help alert multitasking shopkeepers and assistants to a transaction going through. Now, t