Banks target more FinTech acquisitions, partnerships to boost market standing
A report by Lloyds Bank has found more UK banks are targeting collaboration and acquisitions with FinTech firms to strengthen their position in the growing market.
Only one in five consumers feel their bank values them as a customer
Recent research by marketing firm Ello has found only one in five consumers believe that their bank values them as a customer.
Mono secures $15m on its mission to help consumers in Africa link financial accounts
Nigeria-based Mono, which helps consumers connect their financial accounts in a single place, has raised $15m in its Series A.
CBDCs to create ‘inevitable changes’ to payments landscape, McKinsey warns
A report by McKinsey has outlined the key challenges financial companies facing from the rise of central bank digital currencies (CBDCs).
Finclusion brings financial inclusion to sub-Saharan Africa through $20m investment
Finclusion Group, which aims to boost financial inclusion in sub-Saharan Africa, has reportedly secured $20m to support enterprise development in the region.
US and European expansion on the horizon for Futora following $6m raise
Israeli FinTech startup Futora has secured $6m in funding to fund product development and build out its sales processes in Europe and the US.
Playbook said to raise $6m in funding to help people improve their savings
Playbook, which is designed at helping young people better build their wealth, has reportedly scored $6m in its seed round.
Mastercard teams with Digital PayGo to support SME payments in Zambia
Mastercard has partnered with Digital PayGo to introduce a new mobile payments solution to help Zambian SMEs make and receive digital payments more safely.
InvestNext reels in $4.3m seed to expand business footprint
Investment management firm InvestNext has raised $4.3m from a seed funding round headed by Hyde Park Venture Partners.
Over 25% of non-cash transactions to be instant and e-money payments by 2025
A report by Capgemini on world payments who found that instant and e-money payments will make up over a quarter of all non-cash transactions by 2025.
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