How fintech is transforming emerging markets globallyJuly 18, 2024FinTech Weekly dives into the latest innovations driving fintech growth in emerging markets. Discover how Nigeria leads in fintech funding, how tokenized assets are revolutionizing traditional finance, and the launch of Africa's first state-of-the-art Fintech Hub in Lagos. Learn about strategic shifts in investment portfolios and the global impact of fintech advancements on the banking industry. This and much more in this number of FinTech Weekly: discover top fintech news and events and stay ahead of the competition! |
Emerging markets are facing ‘too many’ headwinds right now, says portfolio managerAdam Coons of Winthrop Capital Management is shifting his portfolio strategy, opting for a more defensive approach and moving investments away from emerging markets. |
Can tokenisation narrow the global trade finance gap?As tokenized assets transition from blockchain and decentralized-finance startups to traditional finance, mainstream lenders are intensifying efforts to experiment with the tokenization of real-world assets, aiming to boost adoption and unlock new market opportunities. |
Top 10 fintech innovations transforming the financial sectorIn a world where technology and finance converge, fintech innovations are revolutionizing the banking industry. Mobile-only banking and blockchain advancements are driving unprecedented efficiency, security, and inclusivity, fundamentally altering the financial landscape. |
timbuktoo launches Pan-African Fintech Hub in LagosThe United Nations Development Programme (UNDP) and the timbuktoo Africa Innovation Foundation have launched a state-of-the-art Fintech timbuktoo Hub in Lagos, Nigeria. This groundbreaking facility, the first of its kind in Africa, aims to catalyze innovation, foster collaboration, and drive growth within the Pan-African fintech ecosystem, spurring socio-economic development. |
Nigerian fintechs regain top spot with $140m in fundingNew data reveals that fintech startups in Nigeria have outperformed their African counterparts in funding raised during the first half of 2024. According to Afridigest, Nigeria led the big four African countries with the highest fintech funding at $140 million, followed by Kenya with $97 million, Egypt with $35 million, and South Africa with $34 million. |
Tanzania-founded fintech NALA raises $40m to build cross-border payments for emerging marketsNALA, an African payments company and money transfer app, allows users to make secure and reliable payments from Europe, the UK, and the US to Tanzania, Kenya, Rwanda, Uganda, and Ghana in seconds. Last year, it expanded into the European Union, adding 19 new countries to its list of send countries and advancing its mission to connect Africans globally. |
Maalexi raises $1 million investment from Stride VenturesStride Ventures, a premier global venture debt firm from India, has announced Maalexi as its first venture debt investment of USD 1 million as part of a larger commitment in the GCC region, marking a significant milestone in its international strategy. This move underscores Stride Ventures' dedication to driving innovation in emerging economies. The investment will accelerate Maalexi's growth plans and enhance its operational capabilities for more efficient food and agri-produce procurement and distribution across the region. |
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