State Bank of Pakistan stops fintech start-up Tag’s operations
The central bank says it has taken this decision to “protect the interest of the public at large”.
The central bank says it has taken this decision to “protect the interest of the public at large”.
The two firms have worked together, leveraging Finastra’s Unified Corporate Portal solution, since October 2021.
The firm aims to provide new loan and investment opportunities for the underbanked.
Lidsi is a savings app launching in January 2023, and Turan is an all-encompassing financial application.
We chat with Paycraft’s CEO Ambarish Parekh about what the company offers and its evolution over the years.
The acquisition deal was originally announced back in August 2021.
Shelf was recently accepted into start-up accelerator Y Combinator’s Summer 2022 batch.
The funds will be used to further develop its platform and boost its international presence.
Oradian’s account, finance and investment offerings are tailored to the needs of rapidly developing markets.
John Barker has been named as the firm’s new CEO, with Peter O’Connor taking on the role of COO.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Freiberg was co-chairman and CEO of Citigroup’s global consumer group for three decades.
Allied Bank will support merchant and business acquisitions and enable payments in-store, online and in-app.
The RBI says that the new rules will be applicable to both existing and new customers.
EarlySalary will use the new funds to expand into new markets and increase its loan book.
The RBI imposed restrictions on the US card issuer in May 2021, denying it the ability to onboard new customers.
Jar claims to have racked up 10 million users since its launch last year.
The partnership aims to enable paperless communication across treasury and trade finance processes.
The new funding has raised the company’s valuation to $100 million.
A handy round-up of recent funding endeavours of fintech companies across India and Pakistan.
Carlyle Group and Advent International have both agreed to acquire up to a 10% stake in the bank.
The investment round was co-led by Sequoia Southeast Asia and Kleiner Perkins.
Qapita is aiming to boost its presence in India.
This is M2P Fintech’s third acquisition in 2022 alone.
In his new role, Arora will lead product, business and growth for the firm’s DeFi initiatives.
The RBI believes cryptocurrencies have a “destabilising” effect on a country’s monetary and fiscal stability.
Pramod Perumparambil will drive the company’s strategy to accelerate business growth.
The platform will allow users to make payments anywhere in the world.
Arshad will help shape Revolut’s product offerings and technology for the Indian market.
Skilling initiatives can bring rural women in India into the financial system.
Zolve helps immigrants accelerate their financial health through products that build wealth in the long run.
M2P Fintech plans on rolling out lending products “that are secure, scalable and cloud-ready”.
E-commerce firms can use the embedded finance technology to modernise their financial processes.
Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.
The new investment brings GetVantage’s total funding to date to $41 million.
The company intends to expand throughout India and into the US and Middle East.
Lentra says it plans to integrate TDT’s behaviour intelligence platform Cadenz.
Solv says the funding will support its expansion throughout more than 300 cities across Africa and Southeast Asia.
Campus Power, available to all, aims to offer banking and value-added services within one platform.
This is the third acquisition announced by Pine Labs this year.