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African FinTech Chipper Cash Gets $6M To Enter New Markets

PYMNTS

Chipper Cash, a FinTech startup in Africa that facilitates cross-border peer-to-peer (P2P) payment services in Kenya, Rwanda, Tanzania, Nigeria, Uganda and Ghana, has raised $6 million in a seed round led by Deciens Capital, according to a report. The last year has been a good one for Africa’s FinTech sector.

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. But a national charter would allow for a uniformity of presence and market scope.

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The top-performing community banks of 2021

Independent Banker

Bank of Montana. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. If we were to have capital levels more in line with peer averages, we would barely be able to originate and keep mortgage loans of any size. .

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What’s in it for Me? Real Estate Investment Technology

Fintech Labs Insights

For those looking to diversify out of the stock market and into asset-backed or alternative investments, real estate has long been a popular choice. Earlier this year, we examined the breakdown of proptech and where its four separate divisions fit into fintech. Users invest in mortgage-dependent promissory notes issued by PeerStreet.

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Vacation Rental Startup Vacasa Clinches Funding

PYMNTS

Of that tally, FinTech was just about … everything, with more than 97 percent of the total. The biggest investment of the week came in the form of 51credit.com, where the Chinese credit card management outfit garnered $84 million from Harvest Capital and Yintai Group. We’re launching Hawaii and Montana later this year.

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