Fintech
Innovation in financial technology — digital payments, neobanks, blockchain, and more.
Mercado Pago Hits 64 Million Monthly Active Users as Q1 2025 Fintech Revenue Rises 43%
Mercado Pago reached 64 million monthly active users in Q1 2025, up 31%, as fintech revenues of USD 2.63 billion represented about 44% of Mercado Libre's total revenues.
GCash Partners with Philippine Statistics Authority on National ID Co-Registration Programme
GCash has partnered with the Philippine Statistics Authority to allow simultaneous National ID registration and GCash account opening, integrating real-time KYC.
Egypt's MoneyFellows Raises $13 Million Pre-Series C to Expand Digital Savings Beyond Egypt
Cairo-based MoneyFellows raised $13 million in a pre-Series C round co-led by Al Mada Ventures and DPI's Nclude Fund, bringing total funding to over $60 million.
GoTo Financial's GoPay Consumer Loan Book Doubles to $344.8 Million in Q1 2025
GoTo Financial reported a consumer loan book of $344.8 million in Q1 2025, up 108% year-on-year.
GoTo Financial Posts Record EBITDA as GoPay Loan Book Doubles in Indonesia
GoTo Financial achieved a record adjusted EBITDA of Rp47 billion in Q1 2025, its second consecutive quarter of positive adjusted EBITDA, as its consumer loan book grew 108% year-on-year.
SoFi Technologies Posts Record Q1 2025 Net Revenue of $772 Million as Membership Tops 10.9 Million
SoFi Technologies reported Q1 2025 net revenue of $771.8 million, up 20% year-on-year (adjusted net revenue up 33%), with net income of $71.1 million and 10.9 million members.
Revolut Reports $1.4 Billion Pre-Tax Profit for 2024 as Revenue Reaches $4 Billion
Revolut posted pre-tax profit of $1.4 billion for FY2024, with revenue up 72% to $4 billion and the customer base growing 38% to 52.5 million globally.
Nu Mexico wins regulatory approval to begin conversion into a bank
Nu Holdings said Mexican authorities authorised its Sofipo unit to begin converting into Nubank, S.A., Institución de Banca Múltiple, with systems testing and an operating authorisation still to come.
Visa Backs Tunisia's Konnect and Morocco's PayTic in African Fintech Push
Visa has made strategic investments in Tunisian payment gateway Konnect and Moroccan automation startup PayTic, continuing its $1 billion Africa inclusion drive.
Dutch Neobank bunq Posts 65% Profit Jump to €85.3M and Files for US Broker-Dealer Licence
bunq reported net profit of €85.3M for 2024, a 65% rise from the prior year, and filed for a US broker-dealer licence as the first step in its American expansion.
Djamo Raises $17 Million Series B and Surpasses One Million Customers Across Francophone Africa
Ivorian digital bank Djamo closed a $17m Series B led by Janngo Capital and surpassed one million customers across its Francophone African markets.
Plaid raises USD 575 million at USD 6.1 billion valuation in Franklin Templeton-led share sale
The US financial data network sold common stock to fund tax obligations on expiring employee RSUs and a small employee tender, and said it would not go public in 2025.