April 27, 2024 @ 4:53 pm By Michael Wong  |  

The Bank of Uganda (BoU) has mandated ID verification for all digital transactions exceeding one million Uganda shillings ($260), according to local reports. Announced on April 19, 2024, through its official X account, this directive requires users to present a government-issued ID for transactions at… Read More

 Tagged Bank of Uganda, digital finance, digital transactions, uganda

April 27, 2024 @ 4:52 pm By Omar Faridi  |  

QI Tech, a financial services infrastructure provider in Brazil, announced it has extended its Series B round, raising additional equity with current investor General Atlantic, a global growth investor, as well as Across Capital. Following the extension, QI Tech has “achieved unicorn status, six months… Read More

 Tagged brazil, financial services, infrastructure, q1 tech

April 27, 2024 @ 4:51 pm By Omar Faridi  |  

The UK experienced a year-on-year (YoY) decline in venture capital (VC) funding deal volume and value during the first quarter (Q1) of 2024 as investor sentiment remained weak, the GlobalData report noted. A total of 281 VC deals of worth $2.7 billion were announced during… Read More

 Tagged research, uk, united kingdom, vc, venture capital

April 27, 2024 @ 4:49 pm By Omar Faridi  |  

The HKMA has recently announced the launch of its Inaugural FiNETech in order to promote Fintech adoption and other key innovations. The Hong Kong Monetary Authority (HKMA) launched (26 April) the FiNETech series, gathering around 100 banks, securities and insurance companies as well as technology… Read More

 Tagged digitalization, fintech adoption, hkma, hong kong

April 27, 2024 @ 4:48 pm By Michael Wong  |  

Fintoc, a pioneering Chilean startup offering an instant payments API, has successfully raised $7 million in a Series A funding round, TechCrunch has reported. The investment was led by Propel, with significant participation from Monashees, which also spearheaded Fintoc’s $3 million seed round in June… Read More

 Tagged Chilen, fintech, Fintoc, payments, propel

April 27, 2024 @ 4:47 pm By Omar Faridi  |  

Rippling has reportedly raised $200M in new financing and signed agreements with investors to repurchase up to $590M of equity from current employees, former employees, and early investors. The financing was led by Coatue with participation “from Founders Fund, Greenoaks, and other existing investors.” Dragoneer… Read More

 Tagged funding round, hr, rippling

April 26, 2024 @ 5:31 pm By Tony Zerucha  |  

401GO, a retirement plan provider for employers, advisors, and individuals, this week announced the completion of its $12 million Series A funding round. Next Frontier Capital led the round, which also included Rally Ventures, Impression Ventures, and Stout Street Capital. The latest capital infusion will fuel… Read More

 Tagged 401GO, 401k, Daniel Beck, funding round, Next Frontier Capital, Richard Harjes

April 26, 2024 @ 5:20 pm By Michael Wong  |  

The Reserve Bank of India (RBI) released a comprehensive set of Frequently Asked Questions (FAQs) to elucidate its guidelines on Default Loss Guarantee (DLG) in the burgeoning field of digital lending. This release aims to provide detailed clarifications on the operational aspects of DLG, a… Read More

 Tagged Default Loss Guarantee, digital lending, online lending, reserve bank of india

April 26, 2024 @ 5:18 pm By Michael Wong  |  

Thailand and Australia have entered into a new phase of financial collaboration with the signing of a memorandum of understanding (MoU) on financial technology (fintech) cooperation. The agreement, aimed at bolstering the local fintech industries of both nations, was formalized this week between the Thai… Read More

 Tagged australia, fintech australia, Thai Fintech Association, thailand

April 26, 2024 @ 5:17 pm By Michael Wong  |  

Users of 14 popular e-wallets from nine countries and regions can now make transactions in Hong Kong using their home applications, facilitated by Alipay+, Ant International announced on Friday. This integration marks the largest single-time introduction of international payment apps into Hong Kong’s offline commercial… Read More

 Tagged alipay, Alipay International, Changi Pay, gcash, hong kong, MPay, payments