Globally around 1.7 billion grown-ups remain unbanked. The four main reasons why people are unbanked are financial illiteracy, inflexibility of traditional financial institutions, complex personal requirements, and difficult access to services. Although not all of the reasons can be easily solved, at least some of them can be successfully tackled with the help of the Fintech industry.

What Is Financial Inclusion

Mollie, one of the fastest growing financial services providers in Europe, today announced the launch of Mollie Capital, a fast and flexible way for customers to access funding.

nCino, Inc.

Railsr, the leading global embedded finance experiences platform, is partnering with DND Finance (DND), a multinational commercial equipment finance provider, to launch the Score Credit Mastercard.
 

LINE MAN Wongnai announced today that it has raised US$265 million in a Series-B investment round led by GIC, Singapore’s sovereign wealth fund, and LINE Corporation. This fundraising round was also joined by BRV Capital Management, PTT Oil and Retail Business Public Company Limited (OR), Bualuang Ventures and Taiwan Mobile.

With this investment, LINE MAN Wongnai has achieved a valuation of over US$1 billion, making it Thailand’s largest tech startup by valuation.

Payment technology company Tribe Payments, today announced it is providing digital bank, Paytend, with both issuer and acquirer processing services. The partnership enhances Paytend’s product offering, enabling them to issue payment cards, allow users to add cards to mobile wallets - including within Paytend’s own mobile banking app - and allow merchants to accept POS and online transactions.

Finances and banking have dramatically changed in recent decades, and technical innovations were the main contributor. Edgy satellite-driven technologies facilitate financial decision-making and open up new business horizons, and the geographic information system (GIS) is among the best novelties.

Geospatial data gives more specific information to banks than any other source. Banks can study market demand, track competitors, and manage agricultural credit risks.

What Is Geospatial Data?

Shaype, Australia’s only one-stop-shop embedded finance platform, has secured an additional A$33 million in new equity investment in a Series C capital raise.  

Proceeds from the latest investment round will be used to accelerate growth, with a particular focus on expanding the team to support a full pipeline of Australian clients, as well as international expansion. 

Islamic banks are facing numerous challenges in today’s increasingly complex business environment. In addition to keeping up with emerging technologies, Islamic banks must find innovative solutions to ensure compliance with changing regulations, customer demand for personalization and customization, including end to end digital onboarding and a seamless omnichannel digital banking experience.

Redefining the financial services industry!