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
Marco, facilitating trade financing platforms for small and medium-sized enterprises (SMEs), has been granted a $200 million credit line. Marco also revealed that it had secured $8.2 million in equity funding, with Arcadia Funds as the lead investor. As per the latest news reports, the company representatives have said they combine cutting-edge decision-making software
Financial technology firms use IT to create advanced payment processing systems and automated financial services. Analysts and investors have taken note of the fintech sector’s resiliency in 2023, despite the decline in Fintech stocks that occurred in 2022. Long-term investment potential exists in the fintech business due to its projected 19.8 percent CAGR growth to
After realizing that going public isn’t always a cakewalk, many companies are quickly reverting to private ownership. Among the list of public companies going private between 2020-21, ten firms committed to selling themselves to private groups. Only eight companies that went public in 2018/2019 have subsequently moved to private. The poor performance of the initial
Stripe, a prominent player in the financial technology industry, has created the Enhanced Issuer Network, a collection of collaborations with significant US card issuers to decrease fraud. The Improved Issuer Network facilitates a lower incidence of fraudulent transactions, a more pleasant shopping experience for customers, and a higher percentage of accepted payments for
IPOs in the financial technology industry are facing a steep decline. There is a reason to worry regarding the performance of different FinTech IPOs in light of the global epidemic and the recent drop in the Nasdaq. Only 3 of the 46 tracked FinTech companies are trading at a premium to their share price. As […]
Investing in fintech stocks may be a good option. By using cutting-edge technology to develop game-changing products, fintech firms are challenging the status quo of the conventional financial services industry. Fintech companies were volatile in 2022, as per the stock news, with payment stocks generally lagging behind the S&P 500’s decline of roughly 19%. Listed
The Irish brothers’ John Collison and Patrick, who co-founded the fintech darling Stripe, are looking to raise new capital at a lower value than before as the company mulls over potential IPO options. Since it is uncommon for a startup to obtain capital at a lower valuation, the move has garnered a lot of attention. […]
Resistant AI, a company that offers services to combat fraud and other financial crimes, has released its Document Forensics product on the Google Cloud Marketplace. KYC (Know your customer) documentation may be analyzed, categorized, and verified with this helpful software, including proof of address, ID cards, and bank statements. As a result, businesses will spend […]
The internet economy in Southeast Asia is expected to be worth 330 billion dollars by 2025 and 1 trillion dollars by 2030, according to estimates made by experts. Singaporean tech giant Sea Limited is the first to make a list (NYSE: SE). Though it did not make MarketWatch’s list of 2022’s worst performers, SE closed […]