Al Busairi Bank opts for ICS Banks core banking system
The new microfinance bank will implement the ICS Banks Islamic core banking system from ICSFS.
Microfinance
News, intelligence and resources on the global fintech industry including topics such as mircrofinance.
Digital economy paytech Tilia lands $22m, makes executive hires
The firm has appointed Brad Oberwager as CEO and Catherine Porter as chief business officer.
In 2023, payments will provide momentum for open banking adoption
Today, regulators are very focused on promoting competition and alternatives to card payments.
ICYMI fintech funding round-up: Ascendant, Evergreen, Kwara, Pilon & more
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
Oracle Flexcube core banking system gains new takers
The banking tech vendor also signed licence fees of $27.5 million in the latest quarter.
New decentralised paytech Clowd9 launches to “transform” global payments system
Clowd9’s investor base includes former partners at Goldman Sachs, Morgan Stanley and JP Morgan.
What the FinTech? | S.3 Episode 15 | Unleashing the potential of half the planet
In this episode of the podcast, we’re joined by Women’s World Banking CEO and president Mary Ellen Iskenderian.
Colendi secures $150m credit facility from Fibabanka
The firm aims to provide new loan and investment opportunities for the underbanked.
Fintech Innovation Challenge looks for fintechs focused on low-income women’s market
Applications for the Fintech Innovation Challenge are open until 15 September 2022.
Egyptian BNPL firm valU acquires employee management fintech Paynas
Paynas provides employee management and payment services to MSMEs.
Umba acquires 66.6% stake in Kenyan microfinance lender Daraja
The Central Bank of Kenya says the deal will “support the stability of Kenya’s microfinance banking sector”.
African neobank 4G Capital goes live on Mambu’s cloud banking platform
The micro and small business-focused bank is looking to scale across East Africa.
Skilling initiatives pivotal for the growth of women nanopreneurs in rural India
Skilling initiatives can bring rural women in India into the financial system.
Loan Financing Company turns to ICSFS for core banking tech
LFC has also received a preliminary approval from Saudi Arabia’s regulator, SAMA.
Stashfin lands $270m in Series C funding to expand in Asia
Stashfin says it will use the new money to expand its footprint across South and Southeast Asia.
How Stilt is helping immigrants build a financially stable life in the US
FinTech Futures chats with Stilt co-founder Rohit Mittal about the firm’s aims to help immigrants in the US.
Swiss fintech ZoodPay acquires Pakistan’s Tez Financial Services
ZoodPay enters Pakistan as a new player in its growing digital lending and fintech space.
Creditspring raises £48m to improve financial stability across UK
The latest funding round takes Creditspring’s total funds raised to date to £70 million.
Egyptian super-app Khazna secures $38m Series A round
Khazna has now raised a total of $47 million to date.
What the FinTech? | S.3 Episode 3 | Lending a hand
In this episode, we’re joined by Bill Verhelle, CEO and founder of QuickFi.
African neobank 4G Capital completes Series C round
Global private equity fund Lightrock is investing $18.5 million in the financial inclusion player.
Kenyan start-up MarketForce lands $40m Series A funding
The oversubscribed round was led by Africa-focused investment vehicle V8 Capital Partners.
Colombian neobank Plurall launches to serve LatAm’s SMEs and entrepreneurs
Plurall was founded in August last year and has raised $1.3 million in pre-seed funding.
India’s Pine Labs secures $150m funding from Alpha Wave
The fintech has previously seen investment from the likes of PayPal and Mastercard.
Indian fintech start-up M2P raises $56m in Series C1 round
M2P claims to have raised more than $100 million in the past year alone.
Core banking solution provider Topaz acquires majority stake in Cobiscorp
The acquisition is set to expand the firm’s footprint across the Americas.
Embedded finance platform Ant Money raises $20m, acquires savings app Blast
Acquisition of Blast boosts the number of apps under the Ant Money umbrella.
Oracle wins trio of new clients in US, Vietnam, and Uzbekistan
Protego Trust Bank, InFinBank, and Toyota Financial Services all pick Oracle systems.
Colendi raises $30m in Series A and plans UK expansion
Turkish micro-lending platform expands to new markets.
Ascend Money becomes Thailand’s first fintech unicorn with $150m fundraise
Thai fintech plans to boost financial inclusion efforts in Southeast Asia.
Deutsche Bank boosts online payments with Better Payment acquisition
Deutsche Bank’s acquisition will expand its product range and market share in online payments in Germany.
Fintech ecosystem MNT-Halan lands $120m funding
The Egyptian digital platform connects merchants and users who are typically excluded from financial institutions.
Visa partners Indian paytech to push offline payments
Innoviti says it is committed to building a cashless India, driving financial inclusion across the country.
Malaysian challenger BigPay raises $100m to fund Asian expansion
BigPay is the fintech unit of Malaysian budget airline AirAsia Group.
ICYMI funding round-up: Mavience, VitraCash, KogoPay & more
We round up another selection of deals you may have missed.
Tamam to launch Saudi Arabia’s first digital microfinance service
Tanam give green light after 18 months of sandbox testing.
How fintechs profit from human potential
The education industry is keeping pace with offering ever more options for postgraduate education.
West African microfinance confederation goes live with SAB’s AT
SAB AT rolling out across six institutions in five West African countries.
Sèvis Finansye Fonkoze upgrades core systems with Temenos and SG NewTech
The Haitian microfinance firm is upgrading its Temenos IBS system.
Nigerian fintech KiaKia launches P2P lending investment app
Until this announcement, its P2P lending investment service has been exclusive.
