Digital lending platform mPokket plans to expand its team strength by March 2023 across all verticals, as part of its mission to empower India’s youth and maintain its growth trajectory. The total number of employees at the Kolkata-based company stands at  2700 including employees at it’s Bangalore office.

Lentra, a leading digital lending cloud platform has announced its entry into South East Asian economies of Indonesia, the Philippines, and Vietnam to cater to their growing digital lending needs. With this expansion, Lentra aims to reach $100M in annual recurring revenue (ARR) by March 2024. The move follows the company’s latest fundraise of USD 60 million in a Series B round led by Bessemer Venture Partners, Susquehanna International Group (SIG), and Citi Ventures.

Fintech Association for Consumer Empowerment (FACE) is an industry body of fintech lenders working towards building a consumer-first ecosystem for digital lending that is responsible and responsive to consumers’ needs. FACE wholeheartedly supports the Central Government's actions and the policy intent to ban predatory lending apps with dubious antecedents.

Wise, the global technology company building the best way to move money around the world, has today released new research showing that banks took £3.6bn in often hidden FX fees from small- and medium-sized businesses (SMBs) in 2022 alone. 

Paris Blockchain Week, jointly with Partisia Blockchain, today announces a Paris Blockchain Week first: Paris Blockchain Week Awards - inaugural edition.  The Awards will recognise the most notable individuals, projects, and organisations across this innovative sector at Europe’s largest gathering of thought leaders, innovators, and experts from around the world convening to discuss and advance the state of blockchain and web3 technologies.

Juniper Square, the leading provider of partnership enablement for the private funds industry, today announced it

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, today announced issuance of one million Rupay JCB Cards in India. These credit and debit cards, issued by 12 public and private sector banks and co-badged as RuPay JCB Cards, offer their cardmembers a seamless payment experience within and outside India.

Savii, the financial platform designed for teens and young adults, today announced their official product launch in the UAE.  The Savii banking app and Visa prepaid card allows teenagers and young adults to make payments independently and relieve parents of the anxiety of giving them premature access to their own credit card.

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm has entered into a Memorandum of Understanding (MOU) with Yabx, a company incubated by Comviva and part of the Mahindra Group, to address a deep-rooted need for responsible consumer finance in Africa.

13/02 – Weekly Investment & Fundraising News

Uber Alumni Startup Hatica Raises US$3.7M to Boost Developer Productivity and Well-being Using Engineering Analytics