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Commission-free retail brokerage Stake scores $30 million investment


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Commission-free retail brokerage Stake scores $30 million investment
8 hours ago
Australia-based commission-free brokerage platform Stake has scored $30M in new funding from Tiger Global and partners of DST Global to fuel its expansion into European markets.
Stake offers retail investors access to more than 4,400 US stocks & ETFs, alongside analyst ratings and price targets from Wall St firms.
In the past year the firm has grown its total customer base more than six times over, and launched in the UK, Brazil and New Zealand and now has more than 330,000 customers globally. ....

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LHoFT Foundation selects 14 fintech startups to showcase financial inclusion in Africa


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LHoFT Foundation selects 14 fintech startups to showcase financial inclusion in Africa
12 hours ago
Source: LHoFT
Building on the success of the 2018 and 2020 editions of CATAPULT: Inclusion Africa, the LHoFT Foundation is opening tomorrow, on Wednesday 19th of May, the third edition of this unique program of Fintech startup development.
The program will close on the 27th of May with a final digital pitching event, opened to the public in front of a top-notch jury, investors and audience members. A very special guest, Mr. Kosta Peric, Deputy Director for the Financial Services for the Poor initiative at the Bill & Melinda Gates Foundation, will provide an opening talk. ....

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ASX 200 index: ASX 200 closes 2% lower; Australia shares end at six-week low


Synopsis
The benchmark ASX 200 index snapped a three-day rally to end 1.9 per cent lower at 6,931.70, its lowest close since April 7.
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Among sectors, gold stocks shed 2.8 per cent despite bullion prices hitting a near four-month high.
Australian shares closed at a six-week low on Wednesday, dragged down by losses in heavyweight bank and mining stocks, while EML Payments Ltd was the top loser on the benchmark index on fears of regulatory curbs on its Irish unit.
The benchmark ASX 200 index snapped a three-day rally to end 1.9 per cent lower at 6,931.70, its lowest close since April 7.
It s a widespread sell off, no sectors have been exempted from the selling, including those mining stocks that have had improvements in commodity prices, said Steven Daghlian, market analyst at CommSec. ....

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SB Finance deploys Ping An's OneConnect

Consumer lending company, SB Finance Company Inc. has signed a strategic partnership with OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions and an associate of Ping An Insurance (Group) Company of China, Ltd., to provide Filipinos with greater accessibility to credit and better customer experience in an effort to promote f. ....

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Re-opening progress sees 350 people come off PUP in local counties

The re-opening of many non essential retail outlets and services has seen 350 people across Roscommon, Longford and Leitrim ending their PUP payments in the las. ....