The Confederation of British Industry has launched a new campaign to encourage companies to use fintech to accelerate business growth in the future. The campaign is called 'Winning with Fintech.'
Nium, a real-time payments infrastructure company, has closed its $50 million Series E at a $1.4 billion valuation. That is 30% below the valuation from its last funding round in 2022.
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Lenders have long identified the need to develop better scoring models that include those with thin or no credit files, but the problem persists, Credolab’s CSO Michele Tucci said. Credolab tackles the problem using privacy-consented and permissioned data through smartphones and web pages.
Amdist valuation troubles and a looming tax bill, Stripe raises $6.5 billion in Series I funding round, beating skepticism.
Investments into Latin American fintechs are expected to pick up in 2024 amid rate cuts in the United States.
As the crypto wave continues to sweep Latin America, both banks and fintechs are crafting an expanding crypto offering in Brazil.
Zelle has started refunding imposter scam victims, after years of banks questioning their responsibility to do so.
To help target the flow of institutional money to digital assets for the best trade-off between opportunity and risk.
It has not been a smooth sail for smaller Mexican fintechs either, who have struggled to meet requirements.