Fintech
Innovation in financial technology — digital payments, neobanks, blockchain, and more.
Singapore's Nium Joins Partior Blockchain Network as First Fintech Payment Service Provider
Nium announced at the Singapore Fintech Festival that it has joined Partior's blockchain-based global clearing network as the first fintech PSP, enabling 24/7 real-time payouts to over 100 markets.
Israeli Fintech Melio Raises $150 Million Series E Led by Fiserv at $2 Billion Valuation
Israeli B2B payments fintech Melio has raised $150 million in a Series E round led by Fiserv, valuing the company at $2 billion, with backing from Accel, Bessemer, and others.
Viva Republica Abandons Korea IPO for US Listing as Toss Valuation Challenges Mount
South Korean super-app operator Viva Republica shelved its domestic IPO in favour of a US listing, reportedly judging that it would not be fairly valued in Korea given the lack of comparable listed fintech companies.
Razorpay's Payment Gateway Business Posts 24% Revenue Growth to Rs 2,068 Crore in FY2024 After Securing Final RBI Payment Aggregator Licence
India's Razorpay grew revenue at its payment gateway business 24% to Rs 2,068 crore in FY2024 after the RBI granted its final payment aggregator licence in the second half of the year.
Nigerian Fintech Moniepoint Secures $110 Million Series C Tranche to Scale Digital Payments Across Africa
Moniepoint has raised $110 million in the first tranche of its Series C round, led by Development Partners International, to expand its integrated payments platform across Africa.
UK Digital Bank Monzo Targets £4.5 Billion Valuation in Secondary Share Sale
Monzo is preparing a secondary share sale at a $5.9 billion valuation, up from $5.2 billion in May 2024, following the digital bank's first annual profit of £15.4 million.
Klarna Partners with Adyen to Bring Buy-Now-Pay-Later to Over 450,000 Physical Terminals Globally
Klarna and Adyen announced on 26 September an extension of their partnership to integrate Klarna's BNPL options into Adyen's physical POS terminals across Europe, North America, and Australia.
WeBank wins platinum SME Financier of the Year awards at Global SME Finance Awards 2024
The Tencent-backed Chinese digital bank took the global commercial-bank platinum award and the Asia regional platinum award in the SME Financier of the Year category at the IFC-managed forum in São Paulo.
Affirm Integrates BNPL into Apple Pay for Online and In-App US Purchases via iOS 18
Affirm's buy now, pay later service became available within Apple Pay on 16 September 2024, letting US consumers split online and in-app purchases made with Apple Pay.
Egypt's Paymob Raises $22 Million Series B Extension Led by EBRD to Drive GCC Expansion
Egyptian fintech Paymob has closed a $22m Series B extension led by EBRD Venture Capital, bringing total Series B funding to $72m for its GCC roll-out.
STC Bank Becomes Founding Partner of Saudi Arabia's 24 Fintech Event After SAMA Digital Banking Approval
STC Bank, which received SAMA approval in April 2024 to transition from stc pay into a digital bank, joined as a founding partner of the 24 Fintech event held in Riyadh in September.
Affirm Posts 48% Revenue Rise in Q4 FY2024 and Targets GAAP Operating Profit by Q4 of FY2025
Affirm reported Q4 FY2024 net revenue of $659M, up 48% YoY, with GMV rising 31% to $7.2B, as the BNPL lender guided for its first GAAP operating profit.