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How FinTech Firms Are Tackling Africa’s Agriculture Challenges

PYMNTS

FinTech firms are tackling everyday challenges across Africa by digitizing payments and providing increased transparency. While millions of small-holder farmers can’t easily and consistently find markets for their products, thousands of commodity buyers seek produce but can’t find farmers.)

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The Rise Of eCommerce And Digital Banking Innovations

PYMNTS

In connected vehicles, the FinTech Car IQ has teamed with Discover to accelerate automotive banking. And in innovation, Banking-as-a-Service (BaaS) is making it simpler for companies and FinTechs to create functions for sending and receiving payments in addition to managing banking data. 25%: Share of U.S.

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3 Ways Wealth Tech Companies Are Addressing The Underserved Market

CB Insights

High minimum account balances and fees often prevent many from entering the market. people by 2030, wealth tech companies have a huge incentive to make their services more accessible to other income groups. GET the list of fintech 250 companies. But with the global middle class expected to reach 4.9B Phone number.

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Yapily Raises $5.4M To Connect UK FinTechs To Banks

PYMNTS

based FinTech startup, has raised $5.4 Funding will go to develop its API platform aimed at helping FinTechs connect to traditional banks. The open banking initiative requires banks to let FinTechs access customers’ account information. According to Plaid, more than 1,600 FinTech companies came out of the U.K.,

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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

JPMorgan has created a $100 billion funding arm — the JPMorgan Development Finance Institution (DFI) — to expand investments in emerging markets and help the United Nations (U.N.) Our aim is to increase engagement with clients and investors interested in financing critical projects and transactions in emerging markets.”.

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Tink Gets Investment From PayPal To Expand

PYMNTS

Tink , the Swedish company that enables FinTechs to access customers’ financial data, has received an $11.2 It has a platform that collects data from thousands of European banks, enabling FinTechs to use the data to build products and services. It has arrangements with banks such as BNP Paribas and FinTechs including Klarna.

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Plaid Launches In UK Amid Europe Expansion

PYMNTS

Plaid, the FinTech that enables apps to access consumers’ financial information, announced it is entering the European market, starting with the U.K. as its first foray in Europe because it has a thriving FinTech market and is among the fastest-growing sectors. which is expected to double by 2030.

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