In recent years, fintech has been on the rise, and with the growing need for digital solutions to handle financial services, this trend is projected to continue through 2023. The increase in demand for digital solutions to manage financial services As a consequence of this, it is anticipated that the entire size of the worldwide fintech market would reach a total of $305 billion by the year 2023.

Australia-based Grapple, which offers working capital loans to SMEs, has reportedly collected $35m in a warehouse debt facility from Sydney-based financier Global Credit Investments (GCI).

NALA, a Tanzanian financial technology company enabling payments to Africa, launches in the EU by adding 19 new Eurozone nations to its list of sending markets. After expanding from the UK to the USA earlier this year, NALA has grown rapidly via geographic expansion and product differentiation. NALA’s US launch hosted 6 members of parliament from Tanzania at the event in New York City.

WILL 2023 BE THE YEAR OF THE CUSTOMER?

At the 2023 edition of the CX BFSI Exchange UK, join CX leaders from across the industry to discuss, share insights, and benchmark a new era of customer excellence. This invitation-only event brings together top executives from MasterCard, Monzo, London Stock Exchange, Lloyd's, Nationwide, Goldman Sachs and more to explore the latest trends and best practices in customer experience.

India-based neobanking platform Jupiter has reportedly snared INR 25 crore ($3m) in debt from Alteria Capital.

OKX, the world-leading cryptocurrency platform, has issued updates for the week beginning January 2, 2023.

OKX Trading Bot Month offers prize pool of 64,000 USDT
Between January 1 and January 20 OKX is running its Trading Bot Month, in which 64,000 USDT of rewards are up for grabs.

Remitly Global, Inc. (“Remitly”), a leading digital financial services provider for immigrants and their families in over 170 countries around the world, today announced the successful completion of its previously announced acquisition of Rewire, an Israeli-based remittance and financial services platform for migrant workers, on January 5, 2023.

Securrency, a leading developer of institutional-grade, blockchain-based financial and regulatory technology, today announced that Nadine Chakar will join the company and assume the role of Chief Executive Officer effective January 9th, 2023. 

The full-stack ID verification, compliance, and fraud prevention startup, iDenfy, announced a new partnership with Pay with Suave, a financial payment technology platform offering its users buy now, pay later services. iDenfy’s verification solution will reduce fraudulent payment attempts while guaranteeing compliance with KYC and AML laws.