Page 9 - Fintech Startups News Today

A workshop held in Hanoi on June 16 underlined the need for financial technology (fintech) services for the development of small- and medium-sized enterprises (SMEs).

Chowdhary, while speaking and addressing the people at ASSOCHAM’s fintech festival, said that financial sector in India is going through transformation in India.

Press release content from Business Wire. The AP news staff was not involved in its creation.

Egyptian fintech startup, Paymob, has raised a $50 million in Series B funding round to help it launch new products and expand into additional markets. Founded in 2015 by Islam Shawky, Alain El Hajj, and Mostafa Menessy, Paymob's software products enable merchants to accept digital payments online and in-store. The firm has over 100, 000 merchant customers

She said that 1 in 4 startups belong to the fintech sector and are increasingly becoming unicorns or startups that have a valuation of more than $1 billion.

The fintech fund said it will use the money in order to back growth stage start-ups which are operating in the fintech space.

Financial technology startup NextPay has announced plans to introduce more financial tools and services tailored for micro, small, and medium enterprises (MSMEs) this year, as it aims to sustain the growth recorded in 2021.

Ashneer Grover quitting BharatPes board has come days after Ashneers wife was fired by the company.

The company said that it will utilise the funds for product innovation, marketing and branding, amongst other things.

As per this list, India has the third-highest number of Gazelles (start-ups that started out in 2014 on average when their founders were 34 years old), as per a report by research platform Hurun.