One million self-employed pushed into debt due to pandemic
According to a report released today by IPSE about one million UK-based freelancers have been pushed into debt since the pandemic hit.
WeChat launches personal credit rating for its 600m users
Tencent's WeChat Pay will start giving its 600 million users a credit rating using an AI-based system to determine people’s “trust” value, according to Asia Times Financial.
Safe haven during a crisis? Revolut backs cryptocurrency as one
Last week Revolut announced that it will provide cryptocurrency to all seven million customers.
Open Banking for Good: reshaping the debt management
Open banking allows financial institutions to share financial information with each other securely.
Credit-building “Self” Raises $20M in Series C Funding!
Austin based FinTech startup Self, announced that it has raised $20 million round of Series C financing, co-led by Altos Ventures and Conductive Ventures.
Immigrant Credit Access? Nova Credit raised $50M
Around 70% of people around the globe now have some form of a bank account, according to the World Bank. But when it comes immigrants, they essentially leave behind their financial histories, starting again from zero.
Nigerian fintech start-up raised $10m!
Nigerian fintech start-up, Aella has raised a $10 million debt financing round, from Singapore-based HQ Financial Group (HQF) to help the company scale its expansion across Africa.
Recap of FinovateEurope 2023: Key Themes and Takeaways
With a focus on innovation and customer needs, the future looks bright for the industry.
Payoro: The New Contender in the Fintech Scene
Payoro is a new contender in the fintech scene, aiming to provide a user-friendly and affordable banking experience for consumers.
Real-Time Payments: Accelerating Business and Consumer Transactions
As the demand for real-time payments continues to grow, businesses that fail to offer this payment option risk being left behind in an increasingly competitive market.
A Major Acquisition by Neobank N26 is Blown Off
The German neobank N26, which conducts business in Switzerland as well, was looking to buy something that would let its clients trade stocks and index funds.