Last year’s rise in interest rates led many fintechs to moderate growth prospects. A demand for profits emerged among investors. But that is not stopping Nubank from expanding as it seeks to establish itself in the largest markets in Latin America. The company announced a $150 million loan from World Bank’s International Finance Corporation this […]
Fintechs are among the sectors with a shortage of cybersecurity professionals, with a global shortage of 2.72 million. This comes as the worldwide cost of cybercrime in 2021 was pegged at $6 trillion. Cybersecurity problems are worse in North America The problem is especially acute in North America. According to research conducted by Rapid in […]
The ability of small businesses to remain financially healthy within the current economic landscape has become challenging. Despite forecasts for rate rises being less than previously expected, the higher cost environment is just one in a long line of challenges that have wreaked havoc on the SMB sector over the past few years. In 2020, […]
El Salvador’s Legislative Assembly recently approved a new law regulating the issuance of digital assets other than bitcoin, paving the way for launching securities backed by cryptocurrency. The bill was first presented in the Legislative Assembly in late November 2022, where the president’s party, Nuevas Ideas, has a large majority. The law had 62 votes […]
Peach Finance founder and CEO Eddie Oistacher expects the company’s latest innovation, Self-Service Portfolio Migration, to become the apple in many a lender’s eye. It’s the latest innovation from a company whose Adaptive Core technology supports any asset class with more than 200 configurations. Oistacher spent three years leading Affirm’s core product team that built […]
Fintechs have had the upper hand when it comes to digital customer service. Digitally native, “customer-centric” financial apps have met consumers in their digital revolution, utilizing innovative technology such as AI and active social media presence to improve their service. Although slightly slow on the uptake, traditional institutions have since caught up, now leaning towards […]
The new wave of mass layoffs by tech companies has infected fintechs in LatAm. Brazilian companies PagSeguro and will bank — two of the most critical players in the sector in the South American country — announced significant cuts to their teams. In a statement, PagSeguro said it is implementing a 7% reduction of its […]
Portão 3, a payment management and expenses control fintech founded in Minas Gerais, Brazil, recently announced it has raised $3.6 million in its seed round, which was led by Better Tomorrow Ventures (BTV) — a US fund specialized in early-stage fintechs, which has already provided capital to Brazilian companies such as Divibank and Clubbi. Also […]
Matt Bodkin Matt is an experienced editorial cartoonist with a demonstrated history of working in the newspaper industry. Strong arts and design professional with a Bachelor of Fine Arts focused in Fine Arts from Long Island University, Southampton Campus. View all posts
Vesta Equity is a home equity marketplace that allows homeowners to access their equity without borrowing while providing tokenized, residential real estate investment opportunities. It works because of its owners’’ faith in the future of blockchain technology and Web3. Joining Vesta Equity is simple for homeowners, co-founder and COO Imran Rahaman explained. They create an […]