African Fintech Startup Expands Loan Portfolio | financing

African Fintech Startup Expands Loan Portfolio | financing

Digitalization is helping African emerging countries to move directly into modernity with technological leaps – for example through mobile communications, which are easier to install than a landline in remote regions. Mobile technology allows African countries to skip a few intermediate technological steps, such as lending. It focuses more on larger companies, while small and … Read more

South Africa’s central bank cuts rates for first time in four years

South Africa’s central bank cuts rates for first time in four years

BREAKING NEWSSeptember 19, 2024 at 1:22 PM UTC TLDR South Africa’s central bank cuts its benchmark interest rate by 25 basis points to 8% in response to expectations of global easing. Governor Lesetja Kganyago announces the rate cut at a press conference, in line with most economists’ forecasts. In South Africa, inflation has fallen below … Read more

List of 98 official pinjols that have OJK licenses as of August 2024

List of 98 official pinjols that have OJK licenses as of August 2024

EXAMPLE. As of July 12, 2024, the total number of loan companies licensed by the OJK is 98 companies. KONTAN/Carolus And Waluyo Reporter: Barratut Taqiyyah Rafie | Editor: Barratut Taqiyyah Rafie KONTAN.CO.ID – Online loans, aka pinjol, are becoming increasingly popular in Indonesia. Therefore, the public is advised to be careful in choosing pinjol. If … Read more

Fintechs should take a step again and supply fundamental monetary providers

Fintechs should take a step again and supply fundamental monetary providers

Mexico Metropolis. Mexico is a rustic during which digital monetary establishments (fintechs) should take “a step again” and supply fundamental monetary merchandise to individuals over the brand new options that emerge day-after-day, since these are essentially the most required and in demand, stated Andrés Fontao, co-founder of Finnovista. He indicated that the sector fintech In … Read more

Mercado Pago steps on the gasoline to acquire a banking license

Mercado Pago steps on the gasoline to acquire a banking license

Mexico Metropolis. Mercado Pago, the monetary agency of Mercado Libre, has stepped on the accelerator to develop into a financial institution, and its objective is to submit all the required documentation to the authorities to acquire its new license earlier than the change of presidency, reported Ramiro Nández, industrial director of the establishment. “We now … Read more

Klarna’s OpenAI-Powered Chatbot Revolutionizes Customer Service, Predicted to Add $40 Million to Revenue by 2024

Klarna’s OpenAI-Powered Chatbot Revolutionizes Customer Service, Predicted to Add  Million to Revenue by 2024

In a clear indication of things to come from the advancement of artificial intelligence, Klarna, Europe’s most valuable fintech startup, has just released a post highlighting the success of its OpenAI-powered customer service chatbot. According to Klarna, the chatbot managed an impressive 2.3 million conversations in the last month alone. That’s not all. The company … Read more

Kontist GmbH and Froda Revolutionize German Corporate Credit Market with Simplified Digital Company Loans for Self-Employed

Kontist GmbH and Froda Revolutionize German Corporate Credit Market with Simplified Digital Company Loans for Self-Employed

08.02.2024 – 09:00 Kontist GmbH Berlin (ots) Kontist is revolutionizing the German corporate credit market. Together with Froda, a Swedish financial service provider for embedded finance solutions, the Berlin FinTech is providing one of the simplest digital company loans in Germany for freelancers and solo self-employed people. Self-employed people who have had a Kontist business … Read more

Fintech Startup FinAccel Acquires Bank Indonesia Chrome (formerly PT Bank Bisnis Internasional Tbk)

Fintech Startup FinAccel Acquires Bank Indonesia Chrome (formerly PT Bank Bisnis Internasional Tbk)

Bisnis.com, JAKARTA – Last year, a number of startup companies (startup) financial technology sector (fintech) competing to acquire banks. Now, a number of banks made by fintech it was noted that it was performing well, but some were declining. In between fintech which acquired the bank last year is the holding company platform service provided … Read more