Category: Fin Tech
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‘Two taps and someone’s life savings could be gone’: Venmo, Zelle and Cash App fraud is ‘skyrocketing’, top District Attorney warns, demanding companies do more to protect users
Venmo, Zelle and Cash App are leaving customers vulnerable to theft, a top District Attorney has said Manhattan District Attorney Alvin Bragg accused the instant payment apps of putting customers at risk of fraud which is ‘draining bank accounts of significant sums of money.’ Bragg sent letters to the popular apps demanding that they increase…
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The history and evolution of the fintech industry
The fintech industry has evolved from early adopters using technology to automate financial services to a comprehensive revolution of the financial sector. The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as…
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Coinbase and Business Accounts: How to Connect Them in 2024
In 2024, connecting Coinbase with business accounts has become a strategic move for companies Businesses are increasingly recognizing the importance of integrating digital assets into their financial operations. Among the platforms facilitating this integration, Coinbase stands out as one of the most popular and trusted exchanges. In 2024, connecting Coinbase with business accounts has become a strategic…
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Welcome to the Dot-Com Boom 2.0: The Rise of AI Stocks
Believe it or not, you’re living through a modern version of the 1990s Dot-Com Boom. This time, it’s not the internet but AI technology that’s poised to have an even more significant economic impact on the world. In the 1990s, the internet emerged as a groundbreaking technology, promising to make everything faster, more efficient, and…
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16 African banks that offer instant deposit, PayPal,Google Pay and Apple Pay integration:
Across Africa, the mobile revolution has brought not just communication but also a wave of financial inclusion. Instant deposit platforms, PayPal, Google Pay, Apple Pay and CashApp are playing a vital role in this transformation. These services offer: However, challenges remain. Limited internet access and digital literacy require further infrastructure development and education. Additionally, ensuring…
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SoFi Introduces Small Business Financing Marketplace
SoFi (NASDAQ: SOFI), the digital personal finance company, announced recently the expansion of its new small business marketplace within the SoFi product experience. With this addition, SoFi will now be able to better support millions of American small business owners’ financing needs by “connecting them to SoFi’s network of providers.” Anthony Noto, CEO of SoFi, said: “SoFi…
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Seedstars Africa Ventures gets $30M backing from EIB Global to invest in early-stage startups
Seedstars Africa Ventures has received a $30 million capital commitment from EIB Global, an arm of the European Investment Bank, which becomes the first major institutional investment for its first pan-African venture capital fund. The new commitment follows an $8 million investment from the fund’s anchor investor, French private equity firm LBO France. The fund…
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Charles Schwab laying off over 150 of its San Francisco employees
Of the about 2,000 employees affected by Charles Schwab’s most recent round of layoffs, 155 are based at the company’s former headquarters in San Francisco. A Nov. 6 Worker Adjustment and Retraining Notification filed with the California Employment Development Department confirms that 155 employees at Charles Schwab’s 211 Main St. office will be laid off by Jan.…
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In Zimbabwe, digital gold beats bitcoin
The Reserve Bank of Zimbabwe is trying something new. Or rather, something very old. You think you’ve got problems? Consumer price inflation in Zimbabwe is running at 75% a year. And that’s only the official rate. The International Monetary Fund thinks it’s nearer 175%. Either way, you get your paycheck and you run, not walk,…
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Kenya is the hotbed for FinTech innovation in Africa in 2022, attracting the most seed deals in H1
Kenya was the most active FinTech seed country in the first half of 2022 with 11 deals, a 28% share of total FinTech seed deals in Africa. Nigeria was the second most active with eight deals and South Africa was third with five deals. PayTech was the most active FinTech sector for seed transactions on the…
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