Mastercard has entered into a partnership with Qover, the insurtech firm based in Brussels, initiating a new service in Belgium and Luxembourg that automates return shipping costs for credit cardholders. This feature is a timely innovation, responding to the surge in e-commerce activities within the region; notably, Belgian e-commerce penetration hit 90% early in 2024,…
Pemo, a fintech company based in Dubai, has raised US$7 million in its pre-series A funding round led by Shorooq and Augmentum Fintech. The funds are expected to enhance Pemo’s operations and support expansion into new GCC markets, including Saudi Arabia. The company plans to use the investment to improve its spend management platform, which…
Cedar-IBSi Capital announced it is looking to invest in 10-15 startups working in the banking and insurance technology segment to expand its footprint in India. “The fund plans to build a portfolio of the companies, allocating a budget within the range of Rs 4-10 crore, with an intensified focus on financially strengthening 8 to 10…
Paymentology has signed a referral partnership with Zand Bank, the UAE’s first fully licenced, all-digital bank. This collaboration focuses on expanding financial services for fintechs and startups, aiming to accelerate innovation and growth in the UAE. Since 2022, Zand Bank has empowered UAE and global corporate, institutional and wealth clients to unlock new opportunities, foster…
Lean Technologies, a Riyadh-based FinTech infrastructure platform, has raised $67.5m in its latest Series B funding round. This financing was led by General Catalyst, a prominent Silicon Valley venture capital firm known for supporting high-growth tech companies. The funding round also saw participation from several major investors, including Bain Capital Ventures, Stanley Druckenmiller’s Duquesne Family…
German sustainable banking startup, Tomorrow, has raised just below €5M in new funding. Existing investors Abacon Capital, ETF Partners and Kopa Ventures participated in the round IFB Innovationsstarter. To funding will be directed towards customer acquisition and develpoing its software, including expanding its range of banking products. The startup is known for collaborating with customers…
International money transfer company, Wise, hass reported a 25% increase in active customers to 11.4 million in the six months to September 2024, marking a 2.8-times expansion in its customer base over four years as the fintech deepens its integration with domestic payment systems. The London-based firm, which offers cross border payments and multi-currency accounts,…
Moneybox has secured 23rd position in Deloitte’s UK Technology Fast 50, marking its fifth consecutive appearance in the rankings and reflecting the platform’s expanding presence in the UK retail investment sector. The company, which provides services including stocks and shares ISAs, lifetime ISAs and pension products, recorded revenue growth of 1,399% over the past three…
Singapore and Rwanda are partnering to host the Inclusive Fintech Forum (IFF) 2025 in Kigali from 24-26 February. The event, organized by Singapore’s Global Finance & Technology Network, Rwanda’s Kigali International Financial Centre (KIFC), and the National Bank of Rwanda, aims to leverage technology for economic inclusion. Launched at the Singapore Fintech Festival 2024, IFF…
Visa is injecting fresh funding into four startups that graduated from the first batch of its Visa Africa Fintech Accelerator program. The investments highlight Visa’s dedication to driving digital innovation within Africa, according to a Wednesday (Nov. 6) news release emailed to PYMNTS. In doing so, the payments giant aims to foster the development of…
