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Emergent Technology Buys Interpay To Get Access To Africa

PYMNTS

Emergent Technology, the financial technology company, announced Thursday (Dec. In a press release , Emergent Technology said that by acquiring Interpay, it will extend the operations of its digital payments business, Emergent Payments, into 70 emerging markets. Terms of the deal were not disclosed.

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Small Biz FinTech Leads End-Of-Summer B2B VC

PYMNTS

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.

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Open banking APIs are open for business

Insights on Business

It also creates its own products and has its own back-office operations. The emergence of financial technology (fintech) and the push of regulators for more competition are disaggregating and open this closed value chain. Other banks in the region tried to build alternative solutions. Open banking for all.

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