Tag: Financial Inclusion

Papara, the leading Turkish neobank, has announced its acquisition of Rebellion, a popular Spanish challenger bank. This major acquisition, the first of its kind for Papara, propels the company's valuation to over $1bn, elevating it into the coveted ranks of FinTech unicorns in Europe.

Yendo, an innovative FinTech firm that introduced the world's first vehicle-secured credit card, announced it has raised $24m in a Series A funding round.

BNY Mellon, America's oldest bank with a rich history dating back to 1784, and MoCaFi, an impactful FinTech platform established to empower traditionally underserved communities, have forged a strategic alliance aimed at enhancing financial inclusivity across the U.S.

Tyme, a leading digital banking group globally recognised for its swift expansion, has successfully secured a funding round of $77.8m.

Bank of America, a global financial powerhouse, has launched Bank of America Breakthrough Lab accelerator to create economic opportunities for entrepreneurs from underrepresented communities.

Swedish-based credit information startup Kreditz, a Nordic market leader in credit scoring and verification services, has recently raised €10m in its latest funding round.

Regulatory change in the banking industry appears to be on the horizon for 2023. Regional banks are already grappling with an intricate web of state, federal, and international compliance obligations.

Qenta, a financial infrastructure platform, has acquired Noble Money, an international remittance platform, to improve financial inclusion in emerging markets.

Finclusion Group, which aims to boost financial inclusion in sub-Saharan Africa, has reportedly secured $20m to support enterprise development in the region.

Metro Bank has partnered with diversity and inclusion consultancy firm BAME Recruitment to help the company make more diverse and inclusive recruitment decisions.