Quick news bites
A new report is making an argument that Credit-Cards-as-a-Service is not just the plaything of the fintechs. The Aite Matrix: Credit-Cards-as-a-Service report from Boston-based Aite-Novarica argues: “Credit-Cards-as-a-Service (CCAS) is often used to define a small or startup fintech firm that offers an all-in-one credit card issuance solution, but most features associated with this new term … Read more
Emirates NBD has launched a ready-to-use financial API developer portal, labelled Emirates NBD API Souq. It hopes to provide fintech, developer and corporate clients with an all-in-one ecosystem to rapidly develop innovative financial solutions. The portal grants developers access to API suit across six categories of account services, payments, collections, real-time notifications, trade services and … Read more
SaaS monitoring fintech Cledara – based in the UK, Spain and US – has just closed a $20m Series A round. Fintech specialists CommerzVentures led the round, with Carbide Ventures and Massive pitching in. Nauta Capital and Notion Capital, existing investors, also put their hands in their pockets. The money will be used to boost … Read more
New Nigerian fintech NowNow has raises $13m in seed funding. It said the money would drive financial inclusion by providing financial services to the unbanked and underbanked in the continent.
Jify has just closed a Series A, raising $10m, led by Accel and Nexus Venture Partnera. Anusha Ramakrishnan, co-founder and COO, Jify, said: “This round of funding will provide Jify with the capabilities to scale within the Indian market. We will be able to build our teams nationally, offer the best in technology and create … Read more
The Fintech-as-a-Service platform market size is predicted to grow to around US$949bn by 2028 with a compound annual growth rate (CAGR) of roughly 17% between 2022 and 2028. It was worth some $232.17bn in 2021. So says Zion Market Research.
Singapore’s Changi airport has grabbed the title of Asis’s busiest airport in Q2 from Hong Kong. Changi handled 7.3 million passengers for the three months ending June, 2022. Compare that to HK’s pre-pandemic levels when for the comparative quarter in 2019, it handled 19.1 million passengers Figures courtesy of Sobie Aviation.
Rwanda’s Bank of Kigali has launched the BK Arena Prepaid Card, giving anyone a visa card for digital payments without having a bank account. The BK Arena Prepaid Card is focussed at the unbanked youth. Users can easily load money onto a prepaid wallet and it can be used like any other bank card.
UAE Fintech startup AlphaCard is to launch a new crypto debit card, linked to a cryptocurrency wallat, that is aimed at the unserved and underbanked. The idea is to take cryptocurrencies mainstream by offering a prepaid card that allows users to spend their digital money at any Visa point of sale (POS) terminal. It is … Read more
Kontempo has raised $30m in a seed round. The money will go towards expaning its BNPL solution for B2B transactions in Latin America. Kontempo CEO and co-founder Matthew Meehan said: “Kontempo sees an opportunity with its BNPL product to increase the use of digital payments in the B2B space, boost sales for both online and offline distributors and … Read more
