FinTech FairMoney has raised $42 million in a Series B funding round to expand its financial services offerings in Nigeria and India, Nairametrics reported Friday (July 2). The Nigeria-based firm provides underbanked users with bill payment solutions and collateral-free lending. The company has recently received...
Another week in payments ends, and per usual, there’s no shortage of things to discuss as vaccines go out, the road to recovery begins to widen and major players look to position and pivot to prepare for what’s next. It all adds up to a...
When one has a credit history, it is easy to overlook if it’s working as intended, as it is a fairly invisible piece of the fabric of day-to-day financial life. A few moments in an application process, while an algorithm evaluates one’s fitness for service...
Two deals this past week shone a spotlight on the lure of financial services — done digitally — and the “build vs. buy” debate, settled firmly on the side of “buy.” For Morgan Stanley and LendingClub, the respective acquisitions of E-Trade and Radius Bancorp show...
February 25, 2020
When one has a credit history, it is easy to overlook if it’s working as intended, as it is a fairly invisible piece of the fabric of day-to-day financial life. A few moments in an application process, while an algorithm evaluates one’s fitness for service by scanning their credit history, is the average interaction a […]
February 24, 2020
Two deals this past week shone a spotlight on the lure of financial services — done digitally — and the “build vs. buy” debate, settled firmly on the side of...
February 13, 2020
To bring digital transformation to banks, and to help them bring their assets to the “digital-first” consumer, look to the platform. In an interview with Karen Webster, Douglas Brown, senior...
January 27, 2020
For the Consumer Financial Protection Bureau (CFPB), 2020 may be a landmark year. There’s the looming question over the agency’s very constitutionality, recent definitions of what equates to “abusive” practices...
February 23, 2022
ValueAct, an activist investor, has gotten a seat on Fiserv’s board because of a settlement with the FinTech and payments firm, Bloomberg reported Wednesday (Feb. 23). Fiserv said in a statement that it had appointed Dylan Haggart, a ValueAct partner, to its board. He will also be nominated at the company’s next annual general meeting. […]
July 02, 2021
FinTech FairMoney has raised $42 million in a Series B funding round to expand its financial services offerings in Nigeria and India, Nairametrics reported Friday (July 2). The Nigeria-based firm...
December 19, 2019
Mobile-first international payment network TerraPay is partnering with UBA Group, a leading pan-African financial services company, to offer real-time money transfer services to existing customers in 20 countries across Africa. TerraPay...
December 09, 2019
As a way to prevent unfair competition, the Financial Stability Board (FSB) said in a report on Sunday (Dec. 8) that there should be “vigilant monitoring” of Big Tech’s move...
