Remittances form a lifeblood supporting the lives of many, however they come with high fees. Fintech was supposed to change everything...
Fueling a renewed bull run, Ukraine used crypto to raise funds, while Russians bought crypto to evade their currency's collapse.
In May of last year, Petal announced it had raised a new funding round and was spinning off its infrastructure unit, Prism Data.
But then we heard in November that Petal was struggling and looking for a buyer.
Amazon launched a credit card product in Brazil in an effort to compete with Mercado Libre and ramp up its fintech strategy in South America.
Small business lending is more complicated than consumer lending.
Both have term loans and lines of credit but in small business you also have SBA loans, revenue-based financing, merchant cash advances, venture debt, equipment finance, invoice factoring, asset-based financing and more. This leaves a lot of room for unscrupulous lenders to charge hidden fees on some of these products.
Pagbank reported 30 million customers, a 19% increase from 24.8 million a year earlier, now among Latin America's largest neobanks.
We are seeing the fintech industry shakeout with mergers and acquisitions as well as outright failures. Here are the key challenges facing fintechs today.
The Prosperity Passport initially allows users to mint soulbound tokens for user verification and credit scores.
As Jason Mikula predicted on June 1, FIS has acquired embedded finance startup Bond in a deal where terms were not touted in a splashy press release.
There are multiple pathways for TradFi's venture into DeFi. We asked experts what they thought would be the best play.