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Codebase Technologies Unveils Financing Platform to Support Underserved MSMEs

The Fintech Times

Codebase Technologies , a UAE-based fintech platform provider, has launched its ‘Digibanc SME Financing’ platform to address the needs of underserved Micro, small, and medium-sized enterprises (MSMEs) across MENA and APAC. per cent from 2022 to 2031. Globally the financing gap for formal MSMEs is an estimated $5.2

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Digital, Challenger and Neobanks in the Middle East and Africa 2024

The Fintech Times

These digital-first institutions are bridging gaps in traditional banking, offering innovative solutions to meet the needs of a diverse and underserved market. For instance, in Saudi Arabia, the Saudi Arabian Monetary Authority (SAMA) granted licences to STC Bank and Saudi Digital Bank in June 2021, followed by D360 in February 2022.

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Ascend Money Lands $195 Million from MUFG

Finovate

Ascend Money anticipates the funds will help it accelerate its mission to provide inclusive financial services for underserved consumers and small businesses and ultimately foster economic growth and financial well-being in Thailand. The fintech’s TrueMoney platform offers e-payment, lending, BNPL, investment, and insurance.

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Today In Digital-First Banking: Next Insurance Aims To Raise $250M In Funding; FLEETCOR Agrees To Purchase AFEX

PYMNTS

The firm is usually geared toward offering global accounts to companies underserved by financial institutions. The transaction should reportedly close in Q1 2021 once regulatory approvals and other conditions are satisfied. AFEX works to put cross-border solutions in place to help small and medium-sized businesses (SMBs).

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i2c: Mobile Banking, Credit Drive FinTech Opportunities Beyond The ‘Simple’ DDA

PYMNTS

“The stars of financial services in 2021 will have something to do with credit,” i2c CEO Amir Wain told Karen Webster, saying the days of the simple checking or demand draft accounts (DDA) are over. You can’t be a star with the DDA in 2021,” he added.

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Indonesia Hosts Second Highest Number of Fintech Unicorns in Southeast Asia

Fintech News

Founded in 2016, Akulaku provides digital banking, financing, investment and insurance brokerage services, targeting financial underserved demographics. Akulaku, which has a presence in China, Indonesia, the Philippines and Malaysia, claimed 26 million users in 2021, representing a 242% annual growth rate. Dana – US$1.13

FinTech 52
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Roblox, Digital-First Shopping, QR Codes Top This Week’s News

PYMNTS

Hot Affirm IPO Points To Rising Competition And Demand In BNPL Segment. Treasurers will be taking important lessons from 2020 into 2021 as they continue on their modernization path. Digital game platform operator Roblox plans to go public on the New York Stock Exchange next month by a direct listing.