Fintech News

JULY 1, 2024

million) loan which matures in 2027 to Validus , marking its first fintech loan in Southeast Asia. This funding will enable Validus’ Indonesian subsidiary, Batumbu , to expand its reach and support more local businesses. billion in loans to small businesses across Southeast Asia since its inception in 2015. million (US$2.57

Finance 109

Finance Security Underserved Financial Inclusion 109

Fintech News

JULY 30, 2024

Launched two years ago, GXS focuses on serving financially underserved groups, including gig economy workers and small businesses, primarily through the Grab app. The post GXS Bank Eyes March 2027 Profitability, Targets US$3B Deposits and US$2B Loans appeared first on Fintech Singapore. million in 2023, up from US$113.7

Underserved 106

Underserved Assessments Small Business Volume 106

Fintech News

SEPTEMBER 1, 2024

Harish Venkatesan Harish Venkatesan, Head of Corporate and Business Banking, HSBC Singapore said, “As one of the leading MSME digital financing players in the ASEAN region, we are pleased to support Validus in playing an instrumental role in promoting financial inclusion to underserved small businesses in this region.

Financial Inclusion 117

Financial Inclusion Underserved Small Business Finance 117

CB Insights

APRIL 11, 2018

Technology corporates and fintech startups alike are turning their attention to Main Street, and the financial needs of small and medium-sized businesses (SMBs).

Small Business 46

Small Business Underserved FinTech Accounts 46

PYMNTS

DECEMBER 27, 2019

While initially focused on the consumer market, open banking this year also began to demonstrate its potential value for the small to medium-size business (SMB) banking market. It’s a trend that has already begun to manifest in 2019 as more B2B FinTech solutions not only announced integrations with banks, but with each other.

Small Business 53

Small Business Payment APIs and Integration Credit Union Underserved 53

PYMNTS

JANUARY 17, 2021

Bookkeeper360 , a FinTech working with accounting solutions, has raised $1 million in seed funding, according to a press release. The round comes with a new confidence in small- to medium-sized business (SMB) FinTech solutions, as Bookkeeper360’s total capital funding hits $2.1 Small businesses are the backbone of the U.S

FinTech 75

FinTech Small Business Value Added Service Underserved 75

Fintech News

APRIL 29, 2024

The International Finance Corporation (IFC) has partnered with KB Kookmin Card (KBC), a South Korean credit card issuer, to enhance financial access for small businesses in Indonesia and promote digital inclusion in Thailand.

Card Issuer 112

Card Issuer Best Practices Underserved Finance 112

Fintech Finance

SEPTEMBER 25, 2024

We’re looking forward to working closely with KaiOS to bring the best of our technology, scale, and expertise together to drive growth for emerging markets around the world.” “At KaiOS, our mission is to connect underserved communities with the digital world.

Visa 97

Visa Economy Digital Payments Enrollments 97

PYMNTS

OCTOBER 23, 2020

Mastercard is marking National Women’s Small Business Month by furthering its support of the female-founded impact investment platform CNote with an infusion of $20 million, the company announced Friday (Oct. A partnership model also invites cross-pollination between FinTechs and the Mastercard matrix. .

Visa 108

Visa Underserved Small Business Credit Union 108

The Fintech Times

JUNE 28, 2024

This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. However, it doesn’t stop there.

FinTech 64

FinTech On-Demand Finance Financial Inclusion 64

Fintech News

DECEMBER 13, 2023

Operating in Indonesia, Singapore, Thailand, and Vietnam, Validus utilises proprietary data and AI to provide financing solutions to underserved SMEs. Validus has disbursed over US$3 billion in loans to small businesses across Southeast Asia since its establishment in 2015.

Due Diligence 106

Due Diligence Underserved Finance Small Business 106

PYMNTS

MARCH 6, 2020

The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia. We focus on scale-up stage financial technology companies that are expanding access to financial services for underserved consumers and small businesses,” said Rengaswamy.

FinTech 56

FinTech Underserved Origination Small Business 56

The Fintech Times

SEPTEMBER 19, 2024

TBC Uzbekistan has launched a waiting list for its upcoming business banking service, TBC Business. The service will offer key features such as paperless account setup in three minutes, 24/7 payment services, as well as tools to help businesses manage their financial operations.

Underserved 59

Underserved On-Demand Economy Small Business 59

The Fintech Times

DECEMBER 26, 2023

Many individuals and small businesses grapple with a common challenge: limited access to traditional banking services. This underserved group encompasses those with minimal or no credit history, small businesses, and emerging demographics, including the youth and female populations.

Financial Inclusion 59

Financial Inclusion Underserved Small Business Finance 59

Fintech News

JUNE 5, 2024

Additionally, there has been a significant rise in the number of Foreign Business Owners (FBOs) with businesses incorporated in Singapore, making up nearly 31% of the bank’s clientele as of 31 May 2024. ANEXT Bank continues to focus on serving the underserved MSMEs. ” said Toh Su Mei, CEO of ANEXT Bank. .”

Micro-Entry 106

Micro-Entry SARS Multi-Currency Cross-Border 106

PYMNTS

MARCH 27, 2020

companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. California’s Pathlight announced a $7 million Series A funding round this week for its B2B technology that enables businesses to streamline day-to-day team management operations.

FinTech 72

FinTech Cross-Border Small Business Credit Cards 72

The Fintech Times

MAY 9, 2024

Paymentology and Diamond Trust Bank (DTB) will provide an aggregated card solution to fintechs and any other non-financial organisations in Kenya that want to embed a CaaS programme as part of their proposition in line with existing regulations.

Financial Inclusion 104

Financial Inclusion Embedded Finance Payment APIs and Integration Non-Bank 104

Fintech News

AUGUST 26, 2024

It owns Thailand’s leading lender, Siam Commercial Bank (SCB), and was established to drive SCB’s transformation into a diversified financial technology group, focusing on innovations in digital banking, fintech, and other financial services. million micro, small and medium-sized enterprises (MSME) customers.

Online and Mobile Banking 117

Online and Mobile Banking Financial Inclusion Bots Underserved 117

Fintech News

FEBRUARY 26, 2024

This project, set to span five years, targets the promotion of digital financial access for 20 million people, focusing on women, smallholder farmers, and small business owners in developing regions of Asia, Africa, and Latin America. said Chiagozie Nwabuebo, Vice President of Global Growth & Social Impact, Visa.

Financial Inclusion 97

Financial Inclusion Finance Financial Literacy Underserved 97

Fintech News

FEBRUARY 14, 2024

million (THB 844 million) in Thai Credit Bank Public Company Limited to boost small business financing in the country with a particular focus on women-owned or led firms. in Thai Credit Bank to Support Women-Led MSMEs appeared first on Fintech Singapore.

Financial Inclusion 109

Financial Inclusion Non-Bank Underserved Finance 109

Finovate

JULY 5, 2024

The Thailand-based fintech will use the funds to build inclusive financial services in the region. 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.

Financial Inclusion 52

Financial Inclusion Underserved BNPL Small Business 52

PYMNTS

OCTOBER 1, 2018

Regulators have allocated 10 percent of the funds for FinTech firms, but according to Tide, that’s not enough. Expanding the package’s eligibility will make the most of the once-in-a-lifetime opportunity to shake up [small business] banking by introducing real competition,” said Tide CEO Oliver Prill in a statement.

FinTech 64

FinTech Non-Bank Underserved Small Business 64

PYMNTS

DECEMBER 6, 2019

This week saw B2B FinTechs targeting a range of pain points for business customers around the world, as investors put nearly $462 million in combined funding into the space. Osome aims to help its business clients migrate away from paper by providing reporting technology that mixes AI with human expertise. Leaf Trade.

On-Demand 53

On-Demand Payroll B2B FinTech 53

PYMNTS

MARCH 19, 2020

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). The Utah Department of Financial Institutions still has to issues approvals to the San Francisco-based FinTech. Square, Inc.

FDIC 110

FDIC Deposit Account Underserved Small Business 110

The Fintech Times

JULY 24, 2024

Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change.

Finance 59

Finance Micro-Entry Online and Mobile Banking Financial Inclusion 59

PYMNTS

SEPTEMBER 21, 2020

In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 Digital small business insurance provider Next Insurance is negotiating an arrangement to bring in new capital that would reportedly value the FinTech upstart at $2.25

Cross-Border Payments 89

Cross-Border Payments Cross-Border NACHA Cybersecurity 89

The Fintech Times

JANUARY 31, 2024

Lloyds Banking Group is shutting down its mobile van banking service this year and closing 123 branches, sparking concern over reduced access to essential financial services, particularly in rural and underserved areas. “Communities that have little to no access to banking and financial services need our collective attention and focus.

Financial Inclusion 69

Financial Inclusion Bank Closure Online and Mobile Banking Underserved 69

PYMNTS

DECEMBER 10, 2019

based FinTech specializing in facilitating payments for small business accountancy firms, is partnering with BIN (bank account identification number) sponsor Moorwand to further streamline the payments experience for accountants and bookkeepers. Telleroo , a U.K.-based In a press release issued Tuesday (Dec.

Accounts 52

Accounts B2B Small Business Payroll 52

PYMNTS

JANUARY 14, 2021

Southeast Asian FinTech Grab Financial Group announced in a press release that it has raised $300 million in a Series A funding round. The round was led by Hanwha Asset Management , South Korea’s leading asset management company.

Finance 81

Finance Financial Inclusion Underserved Small Business 81

Finovate

APRIL 17, 2024

Business banking fintech Mercury is expanding into personal banking. Mercury Personal will allow users to easily switch between their business and personal accounts and will cost users $240 per year. Mercury Personal will allow users to easily switch between their business and personal accounts and will cost users $240 per year.

Wire Transfer 52

Wire Transfer FDIC Wires Wire 52

PYMNTS

MARCH 28, 2019

FinTech startup Qupital announced that it has closed a $15 million Series A, led by CreditEase FinTech Investment Fund ( CEFIF ). Through this follow-on round of financing and the business opportunities that Alibaba Group has facilitated, we have confidence in the future success of Qupital.”.

Cross-Border 49

Cross-Border FinTech Risk Management Underserved 49

The Fintech Times

MARCH 5, 2024

Yabx has been on this journey to build this credit infrastructure ground up and enable financial access for the underserved. We believe access to credit is extremely important to grow the small and medium businesses which are the backbone of emerging economies. How did you get into the fintech industry?

Financial Literacy 64

Financial Literacy Financial Inclusion Underserved FinTech 64

PYMNTS

JANUARY 15, 2019

As FinTechs eye growth, and look to gain scale by providing more “mainstream” financial services, might those plans hit a speed bump when it comes to the infrastructure needed to bring products to the masses? Those regulators state that such services can be brought to thus-far underserved areas, and might boost lending to small businesses.

Fed 59

Fed Cross-Border FinTech Office of the Comptroller of the Currency 59

The Fintech Times

DECEMBER 17, 2023

Open finance’s data-driven approach is set to democratise credit access, offering previously underserved consumers and SMEs newfound financial opportunities, according to Centre for Finance, Innovation and Technology (CFIT). Six months later, a progress update addresses the key challenges and opportunities.

Finance 64

Finance Underserved Economy Addressing 64

PYMNTS

DECEMBER 4, 2020

We expect them to thrive alongside the incumbent banks and raise the industry’s bar in delivering quality financial services, particularly for currently underserved businesses and individuals. They will further strengthen Singapore’s financial sector for the digital economy of the future.”. Wong said in the Friday (Dec.

Underserved 65

Underserved Non-Bank Authorization Small Business 65

PYMNTS

JANUARY 8, 2021

The Small Business Administration (SBA) has released guidance on applying for the second round of loans being offered under the Paycheck Protection Program (PPP), which has been a lifeline for many small businesses during the pandemic recession. 29 announcement. “The

Small Business 64

Small Business Payroll Credit Union Underserved 64

PYMNTS

JANUARY 7, 2020

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. The license bid is “an opportunity for us to impact an underserved segment,” said Mi Li, ADVANCE.AI’s chief marketing officer. Other companies include Razer, Grab Holdings and Ant Financial.

Underserved 52

Underserved Authorization Small Business FinTech 52