EMEA

Nigerian FinTech Tingo Announces $900M Merger With MICT
Nigerian FinTech Tingo Announces $900M Merger With MICT
May 13, 2022  |  Mena

Nigerian agri-FinTech company Tingo is set to merge with Nasdaq-listed financial services provider MICT in a deal expected to generate $900 million in yearly revenue...

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Changes in Open Banking, Fraud Key to Boost Digital Payments, Says UK Regulator
Changes in Open Banking, Fraud Key to Boost Digital Payments, Says UK Regulator
May 13, 2022  |  Regulation

The U.K. Payment System Regulator’s (PSR) panel issued recommendations on May 10 to eliminate barriers for consumers and merchants to access digital payments in the...

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AP Automation Tracker: Finance Leaders Say AP Operations Can’t Sustain Growth
AP Automation Tracker: Finance Leaders Say AP Operations Can’t Sustain Growth
May 13, 2022  |  Accounts Payable

Almost 4 out of every 5 finance leaders in the U.S. and U.K. believe their firms’ accounts payable (AP) operations can’t sustain continued growth, with...

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HealthTech Platform MEDZnMORE Secures $11.5M to Scale Drug Authentication
HealthTech Platform MEDZnMORE Secures $11.5M to Scale Drug Authentication
May 13, 2022  |  Investments

Pakistan-based HealthTech platform MEDZnMORE raised $11.5 million in a pre-series A funding round to boost better authenticate medications across the country, Magnitt reported. “We’re spending...

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Amazon Offers BNPL Option to Shoppers in Egypt
Amazon Offers BNPL Option to Shoppers in Egypt
May 13, 2022  |  Amazon

Amazon is giving customers in Egypt access to buy now, pay later (BNPL) thanks to a consumer financing offering from valU Consumer Finance. According to...

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EU Agrees on Cybersecurity Laws to Protect Financial Sector
EU Agrees on Cybersecurity Laws to Protect Financial Sector
May 13, 2022  |  Cybersecurity

The European Parliament, the Council of the European Union and the European member states voted to pass two important pieces of legislation that will tighten...

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Mytheresa CEO Says Luxury’s Online Shift Growing, Resilient
Mytheresa CEO Says Luxury’s Online Shift Growing, Resilient
May 13, 2022  |  Retail

Even when times are tough and budgets are tight, shoppers are willing to splurge if they find an item they think will give them a...

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Nigerian FinTech Unicorn Interswitch Raises $110M for Expansion
Nigerian FinTech Unicorn Interswitch Raises $110M for Expansion
May 13, 2022  |  Investments

Interswitch, a Nigerian digital payments company that is Africa’s second unicorn, has raised $110 million to help it expand, according to multiple news reports. The...

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Upstart, Billtrust, Bill.com Drag FinTech IPO Index to New Lows
Upstart, Billtrust, Bill.com Drag FinTech IPO Index to New Lows
May 13, 2022  |  IPO

In a week that saw two-thirds of its members falling 20% or more, the FinTech IPO Index fell to an all-time low, diving 27% for...

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