Fintech

Companies like Opendoor opened the door to a new way of buying and selling properties by inserting a strong middle player who could buy houses or apartments and redevelop them at scale, and then sell them to new homeowners at a profit. Now Clikalia, another player in the so-called iBuyer space, has

For many of us, our home is by far our biggest asset, and in the world of fintech, that’s led to a logical extension: when you need money, borrow against that biggest asset. Today, a London fintech called Selina, which provides flexible capital to consumers on five-year terms against up to 85

BharatPe co-founder and managing director Ashneer Grover has asked the board for the removal of chief executive Suhail Sameer from the board in the latest of a series of remarkable turn of events at the Tiger Global-backed Indian fintech startup. Grover, who is subject to an ongoing investigation w

The exodus of executives at Better.com continues. technewss has learned that Sarah Pierce, who served as executive vice president of customer experience, sales and operations, and Emanuel Santa-Donato, who was senior vice president of capital markets and growth, are no longer with the digital mor

Africa-focused payments startup PalmPay raised a $100 million Series A round last year. technewss spotted this news in Partech Africa's latest end-of-year report on venture capital investments in Africa. Further checks in Crunchbase and Tracxn — platforms that track funding rounds in sta

African cities, particularly sub-Saharan ones, have the fastest global urban growth rate. But with challenges around overcrowding, congestion, infrastructure, power and poor governance, these cities are maxed out in what they can provide to the average African living in urban environments. Some exp

We are continuing to see fallout from the COVID-19 pandemic and its impact on the tech industry, with one of the latest developments coming out from France. Sigfox — a high-profile IoT startup that had raised over $300 million in venture funding and had ambitions to build a global communicati

Jordan Gonen and Jacob Schein had both worked in the tech industry for a few years when they realized they lacked a clear understanding of their own finances. Like many other tech employees, the two software engineers held equity in startups they had worked for, cryptocurrency investments and other

NALA, a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. The seed round is coming almost three years after NALA secured a seven-figure pre-seed round led by Accel in 2019. I

OZÉ, a Ghanaian fintech startup that provides digital recordkeeping tools with embedded finance products to medium and small businesses, has raised a $3 million pre-Series A round. The startup's new financing round was led by European early-stage VC Speedinvest, with participation from Cathay

The Netherlands’ competition authority has fined Apple €5 million (~$5.6 million) for failing to comply with conditions in an order requiring it to allow local dating apps to make use of third-party payment technology in their apps. The tech giant could be on the hook for another €5 milli

Fintech startup Revolut is rolling out stock trading in its app in the U.S. The company already lets you buy and sell shares if you're a British user. And now, Revolut has received approval to become a licensed U.S. broker-dealer in the U.S. Revolut users will be able to trade 1,100 securities,

Six months after its $20 million Series A, payroll connectivity platform Pinwheel just announced that it has nabbed another $50 million in a round led by new investor GGV Capital.  Pinwheel serves neobanks and fintechs like Block, Varo and Lendly by providing application programming interfaces (AP

One of the fastest-growing apps in China right now, by installs, is the central bank’s digital yuan wallet: 261 million individual users (as opposed to enterprises), about one-fifth of the population, have set up e-CNY wallets so far, and 87.5 billion yuan ($13.78 billion) worth of transactio