Tag: Financial Inclusion
FinTechs struggle to drive financial inclusion in Mexico as more than...
Key FinTech investment stats in Mexico during H1 2023
• Mexican FinTech deal activity reached 29 transactions in H1 2023, 45% drop from H1 2022
•...
India commits $2m to boost digital financial inclusion across Africa
The Indian government has agreed to donate $2m to the ADFI in an attempt to accelerate financial inclusion across Africa.
Mercury Financial secures $200m for its credit card business expansion
The credit card provider for middle-class Americans, Mercury Financial, has announced the successful closure of a $200m debt facility.
TotallyMoney and Bud Financial in FinTech synergy to safeguard UK consumers’...
TotallyMoney, a FinTech player known for its personalised finance app, and Bud Financial, a data intelligence platform, have joined forces in the pursuit of aiding UK consumers to shield their credit scores and overall finances.
Vietnamese FinTech GIMO’s $17.1m funding fuels mission to bridge financial inclusion...
Vietnamese social impact FinTech startup, GIMO, which focuses on delivering flexible pay and financial well-being solutions for underbanked workers, has announced the successful completion of a $17.1m Series A funding round.
Turkish neobank Papara swallows Rebellion, emerging as Europe’s newest FinTech unicorn
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’s $24m funding fuels mission to democratise credit access
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 and MoCaFi join forces to bolster financial inclusion in...
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.
Global digital banking group Tyme garners $77.8m, Tencent elevates stake
Tyme, a leading digital banking group globally recognised for its swift expansion, has successfully secured a funding round of $77.8m.
Bank of America ignites inclusivity with new Breakthrough Lab accelerator
Bank of America, a global financial powerhouse, has launched Bank of America Breakthrough Lab accelerator to create economic opportunities for entrepreneurs from underrepresented communities.