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Mexico’s fintech success: How tech is driving the population to banking

TechCrunch

Earlier this month, Citibanamex — Mexico’s second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locations. The move comes as Mexico’s fintech ecosystem flourishes so fiercely that traditional banks have to embrace them or risk lagging behind.

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Ivorian fintech Julaya gets $5M to become banking partner for businesses in Francophone Africa

TechCrunch

Ivorian payments-led fintech startup Julaya has extended its pre-Series A round by $5 million. The card payment industry, except for South Africa, maybe Nigeria and a little bit in Egypt, is a developing one and while you might be able to grow a business on that, it’s almost impossible in our region [Francophone Africa].”.

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Kenya-based fintech 4G Capital to scale lending after raising $18.5M from Lightrock

TechCrunch

Kenya-based fintech company 4G Capital , which provides unsecured credit to micro enterprises, has raised $18.5 Fintechs in Africa continue to overshadow all other startups in funding gained. International Development Finance Corporation, the Ford Foundation, Kenya’s Co-operative bank and high net-worth individuals.

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

TechCrunch

The London-based company provides identity, data and payments products that it says gives developers a way to capture consent permissions and “securely” connect payment cards to a service or application. . In the case of Fidel API, Subrata says the company has built the infrastructure that can help developers create “programmable money.”.

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

TechCrunch

As interest in webhooks continues to soar due to their importance in helping web applications communicate with each other in real-time, Convoy’s play, which allows developers globally simply plug its webhooks infrastructure and focus on building their APIs and products, is meritorious. . Website : [link]. Founded in : 2019.

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Super.com targets its $85M equity, debt raise into new savings super app

TechCrunch

However, Fazal said his company is modeling its super app after WeChat by breaking into verticals like travel and fintech. The company grew double digits over the past year and is on track to do well over $1 billion in gross merchandise volume and over $100 million in net revenue in 2023.

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Retirable secures $6M to plan retirement for those without millions in savings

TechCrunch

Several fintech startups are tackling this problem, including Retirable , which believes that retirement planning should be just as easy to get even if you won’t ever have millions of dollars set aside. But what about those who don’t? It does this by allocating an individual’s assets into three buckets: cash, stability and growth.

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