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SoftBank To Lead $125M Round For LATAM FinTech AlphaCredit

PYMNTS

As SoftBank’s Latin America fund is one of the leading technology investors in the world, the equity infusion will give AlphaCredit the opportunity to “consolidate its place as one of the leading financial technology platforms” in the region, a press release says. , Alcanza Capital and Bontu.

Fintech 247
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Samsung’s Neon, 2020 Trendlines, Faster Payments Top This Week’s News

PYMNTS

We have a deep dive into faster payments for education, seven 2020 trendlines when it comes to the connected economy and news on Samsung’s Neon “ artificial human. ”. Welcome To The Connected Economy (The Seven 2020 Trendlines). 7 at CES 2020 that is completely different than its Bixby artificial intelligence (AI) assistant.

Payments 108
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This Sequoia Capital-Backed Neobank Raised $750M To Scale Operations

CB Insights

California-based Chime collaborates with regional banks to create member-centric financial products, coining itself as a financial technology firm rather than a bank. Chime has more than tripled its revenue since 2020 and generated a positive EBITDA. HOW’S THE COMPANY PERFORMING?

Capital 78
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Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region. TA Associates acquired a majority of AffiniPay in February 2020, with Great Hill exiting its investment. In 2019, Porter took on the role of executive chairman at AffiniPay.

Industry 130
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China’s Ant Group Mulling Creation Of New Consumer Loan Unit

PYMNTS

Creation of the new unit would be part of a much larger overhaul of the financial technology company and subject to approval by Chinese authorities, who pulled the plug on the company’s massive initial public offering late last year, according to Bloomberg. Ant Group had $263 billion in outstanding consumer loans as of June 2020.

Groups 141
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Kuwait Debuts FinTech Sandbox

PYMNTS

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

Fintech 167
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Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

PYMNTS

And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.