Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the Minister of Finance of the UAE, inaugurated the Dubai FinTech Summit 2023. The Dubai International Financial Centre (DIFC) in the Middle East, Africa, and South Asia (MEASA) hosted the two-day event, which drew together 5,000 industry
The financial technology industry has recently experienced some rough times. Many businesses have to tighten their belts and launch layoffs as a result of a lack of venture capital, the collapse of the cryptocurrency market, and concerns about a possible economic downturn. However, crowdsourced information is gathered from levels.fyi demonstrates that fintech’s
Increased mobile phone penetration and the need for financial products and services among underserved communities have led to the rise of fintech startups in Africa. Mobile money, digital payments, and online loans are just a few areas where African fintech businesses are making a difference in the fight for financial inclusion. Due to the exorbitant […]
According to “Global Fintech 2023: Reimagining the Future of Finance,” a report by BCG and QED Investors, the Asia-Pacific region, represented by India, Indonesia, and China, will overtake the US as the world’s leading fintech market by 2030. The survey predicts fintech will account for 7% of revenue by 2020 and is expected to rise […]
Several factors must be considered by investors contemplating a position in Square-parent Block (SQ). The expansion of Square’s Cash App for consumers, the acquisition of Afterpay, and the potential impact on the U.S. economic recession play a significant role. The Square Cash App saw a rise of 17% in monthly active users, which contributed to […]
To further develop its supply chain finance technologies, Finverity has raised $5 million. The London-based company will use the fresh capital to expand its workforce from 40 to 60 people to keep up with customer demand for its services and finish setting up shops in Dubai, Poland, and Kenya. According to a press release by […]
Commerce Secretary Sunil Barthwal emphasized the need for member countries to work together to narrow the trade finance gap in his opening remarks at Tuesday’s inaugural meeting of the G20 TIWG under India’s Presidency. The deficit in trade financing is growing. At a conference on trade finance hosted by the Export Credit Guarantee Corporation of […]
With 1.3 billion dollars raised across 36 transactions this week, the success of FinTech startups has continued apace. According to an investigation, the value was unchanged from the previous week, but the deal count grew from last week’s total of 23. Nevertheless, the size of agreements was more fairly distributed, with the top 10 deals […]
It is more difficult for young FinTech startups to raise capital in today’s economic climate. FinTech Alliance, a digital ecosystem funded by the UK Government, is hosting an investment series in 2023 between April to June. It assists startups in learning about their funding alternatives, connecting with investors, and refining their fundraising techniques.
On Friday, a survey revealed that the fintech business drew 164.1 billion dollars over 6,006 agreements in 2022, down from the peak of 238.9 billion dollars, spanning 7,321 agreements in 2021. As per KPMG’s ‘Pulse of Fintech H2-2022’ study, the payments industry remained the most robust fintech sector worldwide, drawing 53.1 billion dollars. Investment in