In this edition of FinTalk, we bring you our latest funding story and how this investment will help us further build our technology, team, and accelerate international expansion plans.
We also go the extra mile to help you build a Neobank in 7 simple steps. Now join this 'Ne(w)o Bandwagon' to deliver mobile-first, customer-centric banking services to niche customers.
And don't miss catching up on our latest article on Secured Credit Cards. You'll understand how to benefit from the synergy of credit and saving.
We are growing from strength to strength every day! This January, we raised $56 million in Series C1 funding. It has been an incredible journey over the past 7 years with every investor, client, and M2Peer fueling our growth every day.
Read this blog to get more info on our Series C1 funding. Click here.
Looking to set foot in the Neobanking industry? Follow this step-by-step process to build a successful Neobank. Get started!
Credit and savings are usually viewed to be on the polar ends of the financial spectrum. Individually both instruments help cushion unexpected financial distress in their own way. But the real 'best of both worlds' magic happens when credit cards and savings go hand in hand, in the form of secured cards.
Ready to explore the synergy credit and savings can offer you via secured credit cards? Check out our article!
96% of the global consumers are aware of at least one fintech service or company.
By 2035, Artificial Intelligence could increase the corporate profitability of all industries by an average of 39%.
By 2024, mainland China and the US will account for more than 61% of the global fintech transaction value.
With a valuation of over $1 billion, India has a total of 17 fintech companies that have gained the 'Unicorn Status'.
INDIA
Raise Financial Services, a fintech start-up founded by ex-Paytm Money CEO Pravin Jadhav has raised $22 million in its new funding round led by BEENEXT and Mirae Asset Venture Investments. The company, based in Bengaluru, also plans to invest $15 million for their new products.
UK
Berlin-based spend management start-up Moss has secured $86 million in Series B financing led by US VC firm Tiger Global with participation from A-Star. Six months ago, the company raised $29 million in Series A, making the German start-up's valuation over $573 million.
Brazil
Brazilian payments platform, Ebanx has acquired fintech start-up Remessa Online for $229 million. Ebanx plans to use Remessa's remittance technology to enhance their payment solutions and expand their organization.
US
Klarna, a global BNPL solution provider, has announced their partnership with GoCardless, an account-to-account payments solution provider. The collaboration enables Klarna to provide bank debit payments in the US easily, that is, to over 21 million US customers.
MENA
Bahrain-based crypto exchange, Rain Financial, raised $110 million in its Series B round, co-led by Paradigm and Kleiner Perkins. The financing round saw participation from investors such as Coinbase Ventures, CMT Digital, Cadenza Ventures, and Global Founders Capital.
What awaits in the future for FinTech?
Rajesh Wadhwa from M2P's leadership team weighs in on the future of the fintech industry in 2022. He talks about trends, insights, and innovations to watch out for. Read here.
That's it for now. See you again soon with all the need-to-know fintech updates!
Stay tuned. Stay curious.
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