European is at the forefront of fintech innovation, transforming the financial landscape across the continent. With a rich ecosystem of startups and established players, these companies leverage technology to enhance financial services, making them more accessible, efficient, and user-friendly. From digital banking and payment solutions to investment platforms and blockchain applications, European fintechs are addressing…
The global fintech market is expected to reach $340 billion by 2024 and over $1 trillion by 2032. This growth reflects the fintech industry’s continuous evolution, which I’ve found is driven by three key elements: artificial intelligence (AI), remote talent and innovative development strategies. AI is at the heart of the next generation of fintech solutions….
The UK has further dominated the European FinTech sector, capturing a remarkable 65% share of all deals in the first half of 2024, according to a new annual report analysing the sector. The annual stare of European Fintech report by Finch Capital highlights a year marked by turbulence, with overall funding in European FinTech declining…
Sav, co-founded by Mithil Ajmera, came to life through a personal journey of recognising many individuals’ financial struggles. Ajmera and his team noticed how managing money, while essential to everyday life, can be overwhelming, especially in regions like the GCC, where financial literacy is still developing. “We saw a gap across various sectors,” recalls Ajmera,…
M2P Fintech, an Indian Banking-as-a-Service (BaaS) provider, has raised US$100m in a Series D funding round led by Helios Investment Partners. The investment values M2P at over ₹6,550 crore (approximately US$785m) and will fuel the company’s expansion into Africa’s underdeveloped fintech market. The partnership of M2P and Helios also points to the growing ties between…
The gargantuan rise of the fintech industry continues to spearhead transformation within the electronic payments sector, with a profusion of mobile wallets and payment systems offering staggered, interest-free settlements hitting the market. The shift towards non-cash payments is accelerating regionwide. By 2027, most payments in Saudi Arabia are expected to be electronic, with real-time payments…
UmrahCash, a Riyadh-based fintech startup, has secured a $500,000 investment from Venture Fund, Adaverse. This development marks a significant step towards modernising the centuries-old Umrah tradition and addressing the financial challenges faced by pilgrims, particularly those from developing nations. Founded in Jeddah, UmrahCash aims to address these challenges by leveraging technology to bring positive change…
Egypt-based B2B payment platform, SETTLE, has successfully raised $2 million in a pre-seed funding round led by Shorooq Partners. Other notable investors that participated included El Sewedy Capital Holding, Acasia Ventures, and Plus VC. With this new funding, SETTLE plans to accelerate its transition into the global market and further develop its platform with a…
British FinTech key player, Revolution is reportedly looking to expand its business into Gulf Cooperation Council (GCC)-member countries. The has submitted applications to become an electronic-money institution and offer remittances in the United Arab Emirates (UAE) and is seeking ways to expand in Saudi Arabia, as reported by Bloomberg. The company also plans to hire a…
It is reported that JPMorgan Chase is currently in advanced negotiations to acquire the Apple Card credit card program from Goldman Sachs, a potential move that could reshape key dynamics in the banking sector, particularly for corporate treasury departments eyeing partnerships and operational efficiencies in an increasingly digital financial ecosystem. The talks, which have been…
