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Visa takes a swipe in fintech, builds new online marketplace

TechCrunch

The relationships between banks and fintechs are multi-faceted. Well, today, an announcement by global payments giant Visa is aimed at helping facilitate banks and fintechs’ ability to work together. I talked with Terry Angelos, senior vice president and global head of fintech at Visa, to understand just exactly what that means.

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Sequoia and Andreessen Horowitz invested more in fintech than any other sector in 2022

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. I’m not going to lie — upon learning this, my fintech-loving ears perked up. And fintech represented nearly a quarter of the firm’s deals. More than a quarter (28%) of a16z’s fintech investments in 2022 went to the payments category.

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How to Close a Complex Vacancy: NET Core, ASP, Microsoft Azure for Banking and Finance

Mobilunity

The number of fintech companies worldwide grew by 2.5 If you also consider releasing an app for banking and finance, you’ll need to find ASP,NET Core, and MS Azure engineers. A Few Words about FinTech Apps Fintech apps perform a variety of tasks related to finances. times and reached 30,000 during 2018-2023.

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PassFort, a RegTech SaaS for KYC and AML, nets $16.2M

TechCrunch

London-based PassFort , a SaaS provider that helps business meet compliance requirements such as KYC (Know Your Customer) and AML (Anti-Money Laundering) reporting, has closed a $16.2 million Series A led by US growth equity fund, Level Equity. ” PassFort says its revenues grew ~2.5x over the past 12 months.

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Finix goes head-to-head with Stripe

TechCrunch

Welcome to The Interchange, a take on this week’s fintech news and trends. Rather than rehash all that here, I’ll point you to some of our recent articles on the topic and just summarize: The two fintech startups have recently grown (much) more competitive. It also reportedly posted net revenue of about $2.5 Weekly News.

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Now, its insurance APIs are suited for businesses in other sectors, including fintech, e-commerce and logistics. Promises include : The company says its KYC/identity platform allows African fintechs and government bodies to capture a “wholistic, end-to-end verification of an individual.” Website : www.tryduplo.com.

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London-based Fidel API lands $65M in Series B funding, proving fintech infrastructure is hotter than ever

TechCrunch

The raise is another example of how infrastructure companies in the fintech world continue to be resilient despite an apparent slowdown in global funding overall. What we have done is build a modern connectivity layer that sits on top of the payment systems on the global net core networks. The company did not disclose its valuation.