Kenyan Fintech Player: ‘Banking the Unbanked’ Is the Most Important Use Case ...
The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition. The restrictions on movement, as well as the widespread fear of catching a virus, forced many to look for alternative ways of making payments or sending remittances. This search for an alternative inevitably led many to crypto. Although the use of such alternatives to fiat cash continues to grow, many of the intended beneficiaries in places like Africa are still unable to use such digital currencies. Kenya’s Kotani Pay Addresses Lack of Crypto....
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Pezesha, a Kenyan fintech focused on providing bridging finance to small and medium-sized enterprises, recently raised $11 million in pre-Series A debt-equity funding round. The Women’s World Banking Capital Partners II led the round in which the Cardano blockchain builder Input Output Global also participated.
Pezesha Solving Working Capital Problems for MSMEs
A Kenya-based fintech, Pezesha, announced recently that it raised $11 million from its pre-Series A debt-equity funding round. According to a Techcrunch report, this series was led by Women’s World Banking....
An economic modelling study has concluded that Scotland stands to lose over 14,000 jobs in its financial services sector over the next decade if the country does not embrace the rushing wave of Fintech innovation. Like any other country in the world, Scotland’s financial services and banking sectors are, if the hype is to be believed, under the threat of an upcoming Fintech revolution with innovation such as blockchain at its fore. A report by the Centre of Financial Regulation and Innovation by Strathclyde Business School in Glasgow has revealed that Scotland could, in a worst-case....
Bringing the concept of borderless banking to mainstream consumers sounds like a proper use case for blockchain technology. But at the same time, a German FinTech startup is looking to provide exactly that service without using the blockchain. Number26 has quite the ambitious plan, although their service recently expanded to six additional European countries. As one would come to expect from a FinTech startup tackling the banking ecosystem, Number26 is focusing all of their attention on the mobile experience. As a result, customers can open a bank account – linked to a MasterCard – from....
In a recent press release announcement, financial services suite Ternio has shared that they are rebranding as ‘Unbanked’. The company’s flagship product, BlockCard, will continue to be a pivotal offering for the firm, along with a wide suite of financial services. The Unbanked Products: Unbanked will continue to showcase a bevy of different products, with […]
Deutsche Bundesbank President Jens Weidmann recently said that FinTech requires more regulatory oversight because of its potential to threaten financial stability and the banking sector, but some believe this isn’t the case. In a report from PYMNTS, FI.SPAN’s founder and CEO, Lisa Shields, is reported as saying that the FinTech sector can help banks out and boost their commercial B2B business. According to the report, the business commercial banking segment is worth $1.85 trillion worldwide. However, banks are reported to have estimated that around $500 billion of that sum is expected to....