Chinese startup XTransfer secures $15 mn funding for global expansion
The funding round led by eWTP Fund also included China Merchants Venture Capital, Yunqi Partners, and Gaorong Capital
Singapore faces human capital shortage in fintech sector
94% of employers in the fintech industry claim Singapore faces a talent shortage
DIFC registers over 100 new fintech startups since end-2018
Leading fintech companies have picked the centre as their preferred jurisdiction in the Middle East region
Egypt central bank plans $50mn to $100 mn fintech fund
The Egyptian government will develop seven technological parks in Egypt for about $60.8million
Nigerian startup Kuda raises $1.6 mn in pre-seed funding
The proceeds from the funding might be used for it to transition from beta to live launch of its online mobile finance platform
Egypt’s Fawry targets UAE, Saudi Arabia, and Kuwait for expansion
Fawry is also considering a deal with a UAE bank to use its technology platform in the UAE and other gulf countries
Kenyan fintech 4G Capital to increase lending to SME’s
The number of loans to be lent by the fintech in 2019 will be 420,000 which is worth $46 million
Crowdo partners with Indonesian banks for SME funding in Bali
Crowdo’s tie up with secondary banks to help boost financial inclusion in Indonesia
Dubai named the seventh best fintech location globally
The ranking cements Dubai’s position as a leading fintech capital across the globe
Singapore fintech startups upbeat on adding more jobs
Employers seek to expand the workforce despite minimum to no talent shortfall
Philippines commits to boosting fintech startups
Cagayan Economic Zone Authority receives investment commitments worth $8 bn from companies across Asia