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Nigerian FinTech Kuda Raises $1.6M For Digital Banking Tech

PYMNTS

Unlike other FinTech startups, Kuda was granted a banking license from the Nigerian Central Bank. We can also take deposits and connect directly to the switch,” Ogundeyi added, referring to Nigeria’s Central Switch, which speeds settlements and information. Aswani told the news outlet that he will also be on Kuda’s board.

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Helping FI’s Develop Their ‘FinTech Sense’

PYMNTS

The problem often stems from the environment in which they are operating — one that can put the brakes on innovation, even when innovation is key to thriving. They are heavily regulated and require heavy investment,” both in terms of capital and human resources. “It But that’s not the whole story, of course.

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Monzo Sees 40 Percent Drop In Valuation In VC Deal

PYMNTS

Monzo’s precipitous drop in value was revealed when the virtual bank recently landed $75 million in new funding to weather the coronavirus crisis from a group of investors that reportedly includes Vanderbilt University and Swiss fund Reference Capital. However, this new injection of capital values Monzo at $1.5

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Fintech Unicorn pain as the public/private valuation inversion comes to an end

Bank Innovation

Image source # 6 on our Fintech Predictions for 2016: The strange inversion we saw in 2015, when private companies were valued higher (on paper at least) than public companies, will end in 2016. The headlines will refer to Unicorpses. This is happening now. It is happening in private unless Read More.

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Deep Dive: How FinTechs Harness Machine Learning To Approve SMB Loans More Quickly And Safely

PYMNTS

Seventy percent of SMBs are adding new digital capabilities or enhancing existing ones to continue their operations, but firms often require financing to implement these innovations. Many FinTechs are using these ML applications to accelerate their financing approval processes.

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How FinTech Tackles Financial Inclusion For India’s SMBs

PYMNTS

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. Trust is a vital component to supporting small businesses’ digitization journeys and access to capital on demand. Building Financial Trust.

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What SMBs’ Cash-Flow Crisis Means For Fintech

CB Insights

Unlike larger, more established firms, they have small cash buffers and depend on external capital to sustain growth. GET THE 102-PAGE State of fintech REPORT. Below, we dig into how the financial difficulties that many SMBs face could impact fintech companies (especially B2B fintech startups).

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