The funds will be used to expand Baubap’s financial products and provide 3 million new loans over the next 12 months.
By leveraging the benefits of artificial intelligence and looking at cash flow issues from the consumer’s perspective, Beem has grown to be one of the 50 most-downloaded financial apps in the world.
Beem is partnering with U.S. insurance, investment and technology provider TruStage to offer the latter’s Payment Guard Insurance as an additional layer of financial security for its members.
This is the first acquisition in the history of the Open Finance platform, which was created in 2019 by Pablo Viguera and Oriol Tintoré.
According to Belvo, the new product will function as a gate for users to initiate payments directly inside third-party apps.
There are new ways for Americans to build their emergency savings today from a new government program offered through retirement plans to new fintech offerings.
Better have launched the Equity Unlocker, allowing employees to use vested equity as collateral for mortgages.
As the cryptocurrency and blockchain industries mature, they must prepare for a downside to their success - patent trolls. As technology charts clear routes and more money is at stake, Dykema patent attorney Michael Word said cryptocurrency will be the next patent battlefield.
Brazil's Pix has not only reshaped its national payment landscape but also emerged as a catalyst for financial innovation across Latin America, showcasing the potential of instant payment systems. By 2026, Pix is poised to become a dominant force in Brazil's digital economy, reflecting its significant impact on financial inclusion and market competition. Its rapid adoption and innovative features are now inspiring neighboring countries, paving the way for a comprehensive digital payment transformation throughout the region.
Dig below the scary numbers in F-Prime Capital’s State of Fintech 2023 and there’s still plenty to be optimistic about.