Fintech

Paytm says a report claiming its Payments Bank’s data was leaked to Chinese firms is “completely false and sensationalizing,” as the India fintech giant rushed to provide clarification to allay investors’ concerns after its shares tumbled as much as 14.7% to $8.6 apiece on M

Sachin Bansal's Navi Technologies, a fintech startup that offers customers insurance and loan products, has filed for a $440 million IPO as the 40-year-old entrepreneur who made his money by kick-starting the e-commerce wave in India once again makes a bold choice. Navi Technologies' initia

Over the past few years, we've seen the rise of fintech products that are specifically targeted at otherwise underrepresented groups. Daylight is a U.S. neobank built for the LGBTI+ community, in which 53% struggle to maintain regular savings — despite having an estimated $1 trillion spen

Google is suspending billing on its mobile app store, Play, and pausing payment-based services for YouTube users in Russia — blaming “payment system disruption” related to Western sanctions on Russian banks. The development, which was reported earlier by Reuters, comes in the wake

Agency banking is big business in Nigeria and sub-Saharan Africa. It involves agents or merchants, who act as human ATMs, offering financial services such as transfers, savings and payouts to the underbanked and unbanked that rarely visit bank branches. Banks and telcos are heavy players, so are so

The mass layoffs at digital mortgage lender Better.com have reportedly started, according to employees and other sources at the company, and affected workers are finding out by seeing a severance check in their Workday account — the company's payroll app. The layoffs were meant to be announce

Money laundering has been a hot topic of late in the UK, which is facing pressure to not just make tighter rules to track down the origins of money that’s spent on large assets in the country like prime real estate — the capital city has been dubbed by some as the “London laundrom

Online mortgage lender Better.com is poised to lay off roughly 50% of its staff of about 8,000 this week, sources familiar with internal happenings at the company told technewss on Monday. The number ended up being “just over 3,000,” according to a Better.com spokesperson, who confirme

Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. They are responsible for communication between banks and fintechs to settle transactions for consumers and businesses swiftly. Africa has it different. It's not a predominantly card continent.

Airtel said on Monday it is launching a credit card, the latest attempt from the Google-backed Indian telecom operator to make inroads with financial services as it looks to expand its offerings in the world's second-largest internet market. The network, managed by billionaire Sunil Mittal, sai

Welcome to my new weekly fintech-focused column. I'll be publishing this every Sunday, so in between posts, be sure to listen to the Equity podcast and hear Alex Wilhelm, Natasha Mascarenhas and me riff on all things startups! And if you want to have this hit your inbox directly once it offi

Tenderly, a startup that aims to make it easier for web3 developers “of all skill sets” to build blockchain products, has raised $40 million in a Series B round of funding — just months after closing on its Series A. The financing is yet another example of the rapid succession of funding

BharatPe co-founder Ashneer Grover and his relatives engaged in “extensive misappropriation of company funds” and “siphoned [off] money,” the Indian fintech startup said, citing a review by independent advisers, the latest in a series of strange turns and public drama at one

A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked; thus, they don't have access to credit and can't afford important purchases outright. M-KOPA's financing platform has proved helpful to this se