African fintechs smashed fundraising records in 2021
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African startups raised between $4.3B and $5.2B in 2021. Between 53% and 62% of that funding went to fintech.
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Fintech News Stories
Wirex brings crypto-linked Visa cards to U.S.
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The London-based crypto payments platform has officially launched in the U.S. Wirex was the first to let customers make payments through prepaid Visa debit cards that are linked to crypto wallets.
Read More“Climate fintech” needs to decide what it is
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Climate fintech funding rose to $1.2B in 2021, according to CommerzVentures. Carbon accounting attracted the most funding, raking in $410M last year.
Read MoreFinTech is on Fire. Karma Isn’t the Only Reason to Lend Out Financial Data - 5 Reasons Why It’s Good for Business
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As much as early-stage fintech startups benefit from free, early access to data, data providers and financial institutions can benefit from offering it. It’s a symbiotic relationship that helps each party and ultimately advances the entire financial services industry in the process.
Read MoreT-Mobile offers True Name service for debit cards
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With Mastercard as a payments partner, T-Mobile now lets people use their chosen name on the company’s debit cards. The service follows a similar service to let customers have their true names displayed on caller ID.
Read MoreWhy is Valereum buying the Gibraltar Stock Exchange?
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Valereum, a Gibraltar-based holding company, announced that it is buying 90% of the Gibraltar Stock Exchange (GSX). Valereum looks to create the world’s first integrated fiat and digital exchange.
Read MoreFacing a volatile market, Robinhood touts reliability
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In a Tuesday blog post marking a year since the GameStop stock controversy, Robinhood brushed past liability claims to emphasize measures that should prevent another trading halt.
Read MoreIn new report, Fed flirts with central bank digital currencies
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Late last week, the Federal Reserve released a 40-page report on the potential creation of a digital U.S. dollar, inviting explicit policy guidance from the White House and Congress.
Read MoreVisa, ConsenSys eye central bank digital currencies
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Visa has partnered with blockchain technology company ConsenSys to let central bank digital currencies (CBDCs) expand through existing financial networks.
Read MoreWill Fidelity’s spot bitcoin ETF launch in Canada force the hand of US regulators?
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Fidelity earlier this month launched a spot bitcoin exchange-traded fund (ETF) offering in Canada, a product which differs from bitcoin-linked ETFs currently approved in the U.S., which are bitcoin futures-based ETFs.
Read MoreRegulators will crack down on banks that are overly reliant on overdraft fees
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Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra said the regulator plans to enhance its scrutiny of banks that are “heavily dependent” on overdraft fees, hinting at enforcement actions that could follow.
Read MoreBlockFi in hot water with regulators over crypto lending product
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Cryptocurrency exchange BlockFi is in the crosshairs of the Securities and Exchange Commission (SEC) over a product that pays high interest rates for lending out their digital tokens.
Read MoreRobo-advisers aren’t acting in client interests, SEC says
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Robo-advisers tout their transparency of fees and pro-consumer approaches, but the Securities and Exchange Commission (SEC) found that many were misleading clients through their advertising and not acting in clients’ best interests.
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Crypto advocates seek clarity on measuring the climate impact of mining activities
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As the United Nations Climate Change Conference (COP 26) begins in Glasgow, a crypto trade group called Global Digital Finance is lobbying for more concrete parameters on how to measure the environmental impact of digital assets.
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