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Fintech on Fire: Deals to Watch

Gonzobanker

The fintech market is smokin’ hot right now. Fintech is no different. Fintech is no different. Q1 2021 was the largest funding quarter on record, according to CB Insights , with fintechs raising $22.8 Banks and fintechs are in a heated mashup and seeking niches. billion across 614 deals.

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South Korea's Digital Kakao Bank Prepares For IPO

PYMNTS

Kakao Bank Corp. , a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public offering (IPO), Reuters reported. The timing of the IPO hasn't been decided, although Reuters reported that analysts predict it will happen in the second half of 2021.

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Can FinTech Walk The FinTalk?

PYMNTS

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Digital banks. billion by 2021.

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Where Does Chime Go From Here?

Gonzobanker

While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. According to the report , Chime has not engaged investment banks to date. Is it ready for an IPO? According to a July 2023 survey of U.S.

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Today In Digital-First Banking: Next Insurance Aims To Raise $250M In Funding; FLEETCOR Agrees To Purchase AFEX

PYMNTS

In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 Next Insurance Looks To Secure $250M Funding Round To Reach $2.25B Valuation. Next Insurance Looks To Secure $250M Funding Round To Reach $2.25B Valuation.

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Mastercard On The ‘Digital-First’ Transformation Of Credit Cards Into Daily Money Management Tools

PYMNTS

The company said that through the expansion of its Digital-First Card Program, which was announced last Wednesday (Sept. 23), it is offering foundational digital guidelines to help several partners – including payment processors FIS, CoreCard, i2c, TSYS (owned by Global Payments) and others – to access card data in a speedy, secure manner.

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APIs May Be The Key To Singapore’s Open Banking Future

PYMNTS

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions have traditionally dominated. The landscape also means traditional banks are not particularly motivated to upgrade their platforms or technologies.