Fintech – Page 10 – DIGIT INFO

South African Travel Fintech Turnstay Secures Funding for Regional Expansion from DCG, DFS Lab

July 18, 2024 by DIGIT

Venture capital firms DFS Lab and Digital Currency Group (DCG) recently invested $300,000 in Turnstay, a South African travel-focused fintech startup. Turnstay aims to simplify payment procedures for international travelers by leveraging a global network of compliant companies. New Investment to Fund African Expansion Drive The South African fintech startup Turnstay recently secured $300,000 (over … Read more

JP Morgan-backed blockchain firm ‘Partior’ closes $60M series B

July 13, 2024 by DIGIT

Partior is already processing transactions on behalf of several firms including JP Morgan, DBS, and Temasek. Go to Source

Tanzania Fintech Startup Nala Secures $40 Million via Series A Round

July 11, 2024 by DIGIT

Tanzanian fintech startup Nala recently secured $40 million in a Series A funding round led by San Francisco-based venture capital firm Acrew Capital. The funds will be used to bolster Nala’s business-to-business (B2B) payment platform and support its overall growth plans. New Funding to Support Nala’s Growth Plans Tanzanian fintech startup Nala recently secured $40 … Read more

Nigerian minister urges SEC to tackle crypto regulation challenges

July 10, 2024 by DIGIT

Nigeria’s cryptocurrency regulations are currently in the process of being updated. Go to Source

Nigerian central bank alleges unauthorized transactions by Binance

July 6, 2024 by DIGIT

In a Nigerian court on Friday, July 5, Binance’s illegal operations were highlighted, with Central Bank official testifying on lack of necessary licenses and regulatory approval. Go to Source

Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding

June 28, 2024 by DIGIT

Connect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates Investors’ Confidence in Connect Money Egyptian banking-as-a-service fintech startup Connect Money recently closed … Read more

Hong Kong targets DeFi, metaverse for fintech expansion

June 26, 2024 by DIGIT

Despite challenges in the current DeFi and metaverse landscape, the reports highlight potential growth and innovation in these emerging sectors. Go to Source

Ex-fintech CEO sentenced to 3.75 years over price manipulation scheme

June 25, 2024 by DIGIT

A federal judge in Florida recognized the HYDRO token as an investment contract qualifying as a security under SEC guidelines. Go to Source

Hong Kong shows off crypto, Web3 prowess in Toronto

June 25, 2024 by DIGIT

Canadian crypto and Web3 startups could benefit from “lower taxes” and regulations that cater to “pre-commercial specialist technology companies,” said a Toronto ETO official. Go to Source

Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge

June 25, 2024 by DIGIT

Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of the Chinese CBDC, the digital yuan, to settle e-commerce exports using Mbridge’s rails. Tencent Participated … Read more