Israel comes out on top

Israel comes first in the 2022 Digital Quality of Life Index. This study focusses on the quality of digital wellbeing across 117 countries (92% of the global population). The study indexes each country according to five pillars that impact a population’s overall digital quality of life. Top ten are: Israel Demark Germany France Sweden The … Read more

Surge in B2B embedded finance demand

Embedded finance

Most US B2B businesses are familiar with embedded finance and already offer a solution. Key takeaway: The top three critical business pain points being solved by embedded finance today are: customer retention, cash flow management and revenue growth. So says Juniper Research in collaboration with Galileo Financial Technologies. Take note: Galileo Financial Technologies is a … Read more

Cloud Bike enters Moroccan market

Telus bike

Moroccan startup Cloud Bike is beginning to sell its Telus electric bikes brand to its home market, having previously exclusively exported to the EU and the US. Sigificance: Demand for sustainable Telus bikes in the home market is rising and the 15% sold in Morocco will commercialise electric bikes in the country. More about the bike: known … Read more

Total Banking-as-a-Service platform revenue to skyrocket 

The total revenue derived from Banking-as-a-Service platforms will be over $38bn globally by 2027 says research house Juniper.  Why it matters: Brands are using Banking-as-a-Service, or more particularly, embedded finance, to take control of their own customer finance journey proposition. And that means a sea-change for banks, as they spend less time consumer facing, and … Read more

Casablanca remains a top financial hub, but lags in fintech

Cars in front of Casablanca City.

Although Casablanca is still Africa’s leading financial hub, it ranks just 91 globally when it comes to being a fintech hub. The city, home to nearly four million people, boasts the largest stock exchange in North African. Key points: findings come from a new report from the Global Financial Centers Index; Casablanca ranks 54th internationally; the … Read more

HolyWally joins Tokyo Financial Award mentoring programme

Singapore-based HolyWally, the world’s first Wallet-as-a-Service platform that allows companies to quickly build their own digital wallet, has been selected to join the Tokyo Financial Award, a mentoring programme. Initially 15 companies, from Japan and internationally, have been chosen from a list of 108 applications, covering 26 different countries and regions. The 15 were selected … Read more

Kafene raises $18m as it boosts US underbanked

A US digital platfom which helps the US underbanked obtain credit for big-ticket items has just raised $18m. Kafene offers flexible lease-to-own (LTO) financing options. The Series B round was led by Third Prime and existing investors. It was back in 2021 when Kafene rasied $30m, again led by Third Prime, in a Series A … Read more

Moroccan fintechs get the nod for The Web Summit

Two Moroccan fintechs have been invited to attend The Web Summit in Lisbon, Portugal. The first is Fastdok which has developed a SaaS tool that creates documents for multiple sectors. The second is Henceforth, which provides car repair loans. Both have been invited via the Summit´s startup programme, ALPHA. The Summit starts on Tuesday 1 … Read more

European FaaS to grow by 16.5%

The Europe Fintech-as-a-Service market is expected to grow by 16.5 % CAGR from now until 2028. The prediction comes from Research and Markets. The report explained that platforms and applications that provide banking as a service (BaaS) have developed as a practical and economical way to deliver financial services based on open banking concepts. To … Read more

Neem raises $2.5m in seed money to help Pakistan underbanked

Pakistan fintech Neem has raised $2.5m in seed funding round, furthering its mission of bringing financial wellness to the country’s underbanked communities – both individuals and businesses.  Neem’s ambition is to bring an embedded finance model to Pakistan with a market opportunity of $167bn. Investors include SparkLabs Fintech, leading investment house in Pakistan Arif Habib … Read more

Be Mobile targets South African unbanked and underbanked

Be Mobile, a Canadian based neobank, has launched in South Africa and will target its low fee products at the country’s unbanked and underbanked via its app. Like many companies operating on the African continent, Be Mobile is looking to boost financial inclusion via digital innovation. Nearly 25% of the South African population is unbanked … Read more

NowNow raises $13m now now

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.