Coming from South Africa but living in Europe, I can tell you that sending money to family and friends back home is a bit of a nightmare. Typically you must use a traditional bank, which can take a week or more, or payment apps like PayPal or Wise, which charge high fees. The antiquated nature of remittance payments is something that immigrants are all too familiar with. Demand for better alternatives is giving rise to a new cohort of fintech companies looking to streamline the process. One of them is London-headquartered LemFi. Founded in 2021, the financial services platform enables…This story continues at The Next WebOr just read more coverage about: Fintech [...]
It's been almost one year since Intuit shut down the popular budgeting app Mint. I was a Mint user for many years; millions of other users like me enjoyed how easily Mint allowed us to track all [...]
London-based digital challenger bank Allica Bank has officially crossed the unicorn threshold after closing a $155 million Series D funding round that valued the company at around $1.2 billion. This p [...]
Satispay, the Milan-based mobile payments company that became Italy’s second unicorn in 2022, is reportedly planning to raise up to €120 million ($139 million) in fresh funding. The round would fu [...]
Fintech has spent almost two decades making financial information increasingly accessible, portable, and actionable. Open banking, digital wallets and connected financial platforms have created an env [...]
Singapore has committed S$220M, about $173M, to its fintech sector over the next three years. It made the announcement three days after KPMG reported that private investment in Singaporean fintech had [...]