Fintech
Innovation in financial technology — digital payments, neobanks, blockchain, and more.
Ghana repeals E-Levy as President Mahama signs abolition bill
President John Mahama signed the Electronic Transfer Levy (Repeal) Bill into law on 2 April 2025, scrapping the 1% charge on mobile-money and other electronic transfers introduced in 2022.
South Korea's Toss Posts First-Ever Annual Net Profit as FY2024 Revenue Reaches KRW 1.96 Trillion
Viva Republica's Toss recorded its first-ever full-year net profit in FY2024, with consolidated revenue of KRW 1,956 billion and operating profit of KRW 91 billion.
GXBank Leads Malaysia's Digital Banks with RM2.16 Billion in Customer Deposits
Grab-backed GXBank topped Malaysia's digital banking sector with RM2.16 billion in deposits as of September 2024, despite reporting a pre-tax loss.
Ualá Closes Series E at USD 366 Million in Largest LatAm Growth-Equity Round in Three Years
Argentine fintech Ualá completed a second close of its Series E on 20 March 2025, adding $66m to bring the total to $366m — described as the largest LatAm growth-equity round in three years.
NymCard Raises $33 Million Series B Led by QED Investors to Accelerate BaaS Expansion Across MENA
UAE-based embedded finance platform NymCard announced a $33 million Series B led by QED Investors on 19 March 2025 to deepen its presence across more than 10 MENA markets.
Klarna Files Public IPO Prospectus with US SEC, Targeting NYSE Listing Under Ticker KLAR
Swedish buy-now-pay-later firm Klarna publicly filed its IPO prospectus with the US SEC, reporting 24% revenue growth to $2.81bn and a return to annual profit, with net income of $21m, in 2024.
Abu Dhabi's MGX Invests USD 2 Billion in Binance in Largest-Ever Crypto Institutional Deal
Abu Dhabi's MGX agreed in March 2025 to invest USD 2 billion in Binance for a minority stake, the largest single investment in a crypto company, to be paid entirely in stablecoin.
PhonePe Crosses 600 Million Registered Users with Daily Transactions Topping 330 Million
PhonePe has surpassed 600 million registered users in India, with 40 million-plus merchants, over 330 million daily transactions and annualised TPV exceeding INR 150 lakh crore.
Saudi Fintech Tamara Receives Full SAMA Consumer Finance Licence, Unlocking Loans Above SAR 5,000
Saudi BNPL fintech Tamara received a full consumer finance licence from SAMA in March 2025, allowing it to offer financing above SAR 5,000 and joining 65 SAMA-licensed finance companies.
Egypt's Fawry Reports 2024 Revenue of EGP 5.51 Billion, Up 68%, as Daily Transactions Top Five Million
Egyptian fintech Fawry reported full-year 2024 revenue of EGP 5.51 billion, up 68% year-on-year, as its payment network processed 1.93 billion transactions, about 5.3 million a day.
Sea Limited Posts FY2024 Revenue of $16.8 Billion as SeaMoney Loan Book Grows 63.9%
Sea Limited reported FY2024 group revenue of $16.8bn, up 29% year-on-year, with its SeaMoney financial services arm growing its loan book to $5.1bn.
SAMA Grants Tamara Consumer Financing Licence, Expanding Saudi BNPL Unicorn's Regulatory Scope
Saudi Arabia's SAMA issued a consumer financing licence to Tamara in March 2025, allowing the BNPL unicorn to offer consumer finance as well as BNPL services.