FINOM, the fast-growing mobile-first financial management platform for SMEs and freelancers, has acquired Kapaga, a UK-based cross-border payment service facilitating international trade for SMEs. The transaction will solidify FINOM’s position as the leading financial services provider for SMEs, and bolster its expansion plans in the UK and across the continent. 

SME lending startup, ftcash has received a licence from the Reserve Bank of India to set up a non-banking financial company. With this, the company aims to disburse loans worth INR 100 crore in FY23.

The global AI in fintech market is estimated at US$ 10.1 Billion in 2021 and is projected to procure US$ 11.76 Billion by 2022 according to a report published by ESOMAR-certified Future Market Insights. The market is anticipated to garner US$ 54 Billion by 2032 while recording a CAGR of 16.5% during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the increasing emphasis on customer safety against cyber and banking frauds across various developing countries.

Cashflows’ Banking Identification Number (BIN) sponsorship solution delivers full service to ATM deployers looking to enter the market or extend their proposition by accepting transactions from all card issuers. This in turn allows companies to process payments through an intermediary that is a direct scheme member, saving on operational costs.

Finastra, a global provider of financial software applications and marketplaces, and Jifiti, a leading global fintech company, today announced a collaboration to extend embedded finance capabilities to all financia

Binance Custody, an institutional-grade digital asset custody solution, has added support for the NEAR Protocol and its native NEP-141 $NEAR token.

Ten promising Dutch fintech startups and scaleups have been selected for Batch 9 of the Rise programme of Techleap.nl, a non-profit organisation aimed at accelerating the tech ecosystem in the Netherlands. Techleap.nl’s Rise programme helps promising tech companies scale their company by creating a learning community to support the development of world champions in the Dutch technology sector.

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, today announced Tej Sidhu as Chief Technology Officer.  Sidhu reports to CEO, Stephen Murphy.

1. Today’s Payment Landscape

Making headlines with last year’s edition of UF AWARDS, Ultimate Fintech, the top-tier marketing agency and organiser of the industry-famed iFX EXPO, announces the launch of the UF AWARDS MEA 2023.

The UF AWARDS have been regarded as the standard of excellence and distinction for B2B and B2C brands that spearhead innovation and groundbreaking achievements in the online trading and fintech landscape. The UF AWARDS MEA 2023 carry this legacy forward by honouring excellence across the Middle East and Africa.