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Mexico Sets Its Sights On FinTechs To End Poverty

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Mexico’s new government, led by President Andres Manuel Lopez Obrador, is setting its sights on financial technology to get the country out of poverty. Mobile phones will become banks.”. The payment system, called CoDi, is slated to launch in March. It’s not clear whether a state system in Mexico will be easy to use.

Fintech 173
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B2B Neobank Qonto Gets $115M In Series C Round

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The startup has said that business banking on the continent needs to be repaired, and that it can provide a much better experience with its mobile and online-first offerings. . Qonto is operational in Spain, France, Italy and Germany, and handled €10 billion ($11.08 It also plans to hire more employees with the capital.

Capital 131
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Small Biz FinTech Leads End-Of-Summer B2B VC

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But it was a Singapore startup building out a holistic suite of small business financial services that landed the largest round this week, by far. Challenger bank Yelo, operating in India, raised an undisclosed sum from Matrix Partners India, Omidyar Network, Flourish VC and Better Capital, Inc 42 reports said this week.

Fintech 155
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Turkey’s PayCore Snags New Majority Investor Amid Digital Payments Boom

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Mediterra Capital is expanding its portfolio with a big new investment that will give the top Turkish private equity firm a stake in the country’s fast-growing digital payments sector. Launched in 2001, PayCore notes that more than a million POS terminals in Turkey operate with software developed and provided by the company.

Payments 141
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Berkshire Hathaway Has Been Investing In FinTech This Year

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The two dominate their local markets and are operating in regulated industries, two characteristics the famed investment firm typically looks for when making investments. The investments in the mobile payment companies also underscore the fact that the financial technology industry is starting to mature.

Fintech 139
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Why Digital Marketplaces Must Anticipate Shoppers’ Needs

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million buyers who operate in industries such as website development, logo design and blog writing. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. Mallzee has just over a million downloads of its mobile app, according to reports.

Apple 159
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StanChart Deepens China Focus With Innovation Lab Launch

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The latest lab will aim to promote collaboration between the bank’s employees, corporate clients and FinTech partners to develop new financial services for businesses. The labs are a part of Standard Chartered’s venture capital arm SC Ventures, reports noted. “To