According to Moni's statement, the fintech plans to use the capital raised to expand consumer credit to the population of Argentina.
Although the final restrictions of the COVID-19 pandemic have almost been lifted, its effect continues to mark the UK SME landscape.
Interest rates remain high, valuations have fallen and overall deal volume is down across sectors — including fintech M&A activity. But deals are still getting done, albeit slowly and with more caution from investors. BPM Partners James Lichau and Craig Hamm outline their top strategies for navigating the current fintech M&A environment.
Binance has announced a new $500 million lending facility to support struggling public and private bitcoin miners.
To help manage rising charge-offs, fintech lenders will lean more heavily on commercial debt sales as the year progresses.
At a time when improving credit accessibility is critical, Pave launches Fuse, facilitating more accurate credit decisions for businesses.
Tassat's blockchain network for B2B real-time payments has processed over $800 billion in transactions. FedNow could supercharge capabilities.
This capital increase reinforces the confidence of shareholders in the development of PicPay's business plan.
Argentine payments fintech Pomelo secured $40 million in a Series B round led by Kaszek Ventures, taking total funding to over $100 million.
The new platform gives startups free access to the suite of security options: what would typically amount to hundreds of thousands of hours of in-house compliance work.