2024 is predicted to be a challenging year for payment fintechs in Australia, with startup corporate and business card issuers likely to fail with little value left, according to Brad Kelly, Managing Director at Payment Services. Kelly also stated that unprofitable fintechs may look to consolidate in order to reduce costs, as funding becomes scarce.
Canadian multinational TMX Group has agreed to purchase approximately 78% of VettaFi’s common units for US$848 million. The acquisition is part of TMX Group’s global […]
TLDR: BankingON has raised an undisclosed amount of funding in its recent Series A round, led by Eagle Venture Fund. The company is known for […]
Nigerian banking customers have reportedly lost approximately N51 billion ($126 million) to fraud, with cybercriminals specifically targeting fintech bank users. According to data from the […]