Tag: Fintech
India’s PhonePe nets further $200m as part of $1bn funding plan
Indian FinTech giant PhonePe has raised $200m in a primary capital investment from Walmart. PhonePe’s pre-money valuation was $12bn.
Unpacking the complexities of scaling a development team in RegTech
It's a common scenario for every CTO in the dynamic field of RegTech - the constant push and pull on whether to scale the tech team. The questions frequently come flooding in - could we speed up a project if we hire more developers? Could we build a certain feature if we expanded our team? TAINA Tech has answered those questions.
How digitalisation can make insurance firms resilient in an inflation-hit economy
Inflation, a pervasive economic phenomenon, is extending its grip across all sectors, including the insurance industry. A projection indicates that the surge in prices...
Another strong week for FinTech with $1.3bn raised
Another strong week for FinTech, with a total of $1.3bn was raised this week across 36 FinTech deals.
ESG FinTech RenewWest raises $3.2m for seed round
RenewWest, an environmental asset developer, has secured $3.2m in its seed funding round, which was led by Aspiration and One Small Planet.
Crypto company Relai nets $4.5m to bolster European position
Relai, a place to buy and sell bitcoin, has reportedly raised $4.5m in a funding round that will help the crypto company bolster its position in Europe.
US leads the charge in this week’s 23 FinTech deals
The US took the leading line in this week’s FinTech deal activity. Of the 23 deals completed, 12 of these were US-based businesses.
Climate FinTechs raise record funding levels in 2022
FinTech companies that are driving net-zero continue to attract record venture capital funding, according to a new report from Commerz Ventures.
Liquidity Group joins unicorn club after $40m investment
Israel-headquartered Liquidity Group has reportedly joined the unicorn club after a $40m funding round brings its valuation to $1.4bn.
Cross Switch buys 50% stake in Morocco-based FinTech Vantage Payment Systems
Cross-border payments company Cross Switch has acquired a 50% stake in Vantage Payment Systems, a FinTech aiming to democratise payments in Morocco.