Flutterwave, Africa’s leading payments technology company has announced its acquisition of money transfer licenses for 13 U.S. states to enable faster, more affordable, and secure transfer of money from the United States to Africa and back. The states include Arizona, Arkansas, Maryland, Michigan, Delaware, Georgia, Maine, Mississippi, Missouri, New Hampshire, Iowa, North Dakota, and South Dakota.

Mambu, the

KOHO Financial Inc., a leading Canadian fintech company, announced today it successfully raised an additional $86 million in a series D extension at an $800 million valuation. New and existing KOHO investors provided the capital, including Drive Capital, Eldridge Industries, HOOPP, Portage, Round13, BDC, and TTV.

The Consumer Financial Protection Bureau (CFPB) today took action against Atlantic Union Bank for illegally enrolling thousands of customers in checking account overdraft programs. The CFPB found that Atlantic Union misled consumers who enrolled in this overdraft service by phone and failed to provide proper disclosures. The CFPB is ordering Atlantic Union to refund at least $5 million in illegal overdraft fees and pay a $1.2 million penalty to the CFPB’s victims relief fund.

New technologies, including AI-powered innovations, deployed by fintechs across the globe continue to transform and evolve how the sector provides financing to growing SMEs.

Safe, the leading smart wallet infrastructure provider, is collaborating with Sygnum, a global digital asset banking group, and CoinCover, a UK-regulated recovery service provider, to launch Safe{RecoveryHub}, offering a curated suite of crypto recovery options.

Tokenbridge, a B2B tokenisation platform streamlining the wealth and fund management ecosystem, today announced that it is working with financial client data firm, The Tracing Group (TTG), to implement blockchain technology to streamline Know Your Client (KYC), Anti-Money Laundering (AML) and client identification processes.   

Research by Statista found that 45% of respondents felt comfortable taking out an insurance policy from a non-insurance company when making a large purchase. With this, there is a growing trend of purchasing insurance within the commercial transaction of another product, which is known widely as embedded insurance. 

Cytora, the leading digital risk processing platform and Vespia, a provider of compliance data, is proud to announce Vespia’s AI powered risk analytics are now being used to enhance the underwriting process seamlessly within Cytora’s digital risk processing platform, providing commercial insurance underwriters with deeper insights into business risks associated with AML and sanctions.

Liberis, a pioneer in embedded business finance solutions, announced it has secured $112 million in debt financing to support its further growth in North America and Europe and expansion into new markets, including Canada and Germany. This strategic collaboration is set to inject a substantial sum of $112 million from HSBC Innovation Banking and BCI Capital across its European and North American divisions.