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Flutterwave Rolls Out Online Portal For African Merchants

PYMNTS

The startup Flutterwave , which picked up $35 million last year in venture funding, has launched an online portal that will enable African businesses to set up online shops. The company told TechCrunch that its newly launched product, called Flutterwave Store, is not a shift away from the company’s core online payments business.

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Consumers' Preference For Online Car Sales And Auto Loans Shakes Up Banks And Dealers

PYMNTS

Power research shows that the number of customers doing their credit applications online has kicked into high gear. Many buyers who have secured financing digitally had a great experience and won’t go back to the old way of doing things — even when COVID-19 is no longer a factor.”. Consumers and Banks Both Like Online Auto Loans.

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Outschool On Tailoring Subscription To Online Children’s Education

PYMNTS

Online learning is likely to become even more prevalent in the months ahead, with many summer camps canceled and questions remaining about how schools will reopen in the fall. A Market Poised For Pandemic-Driven Growth. The global market for online learning services was projected to grow 28.6

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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO

PYMNTS

a special purpose acquisition company or SPAC , with the Securities and Exchange Commission (SEC). Harris said SPACs have gone from 3 percent to 20 percent of the market during the recent rush in cases. There’s a real need for quick, confidential capital and price certainty and for sponsorship in the markets,” he said.

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Fintech Is Back

Bank Innovation

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. But the fintech market has rebounded. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck.

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Can Banks Solve their Small-Dollar Loan Problem with Fintech Partnerships?

Bank Innovation

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

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Revolut Brings Open Banking To Germany In Deal With TrueLayer

PYMNTS

The use of the TrueLayer platform ensures that account information from major German banks is securely integrated and updated in real time in the Revolut app,” the release said. Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company. banking license.