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7 investors reveal what’s hot in fintech in Q1 2023

TechCrunch

However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing. Spoiler alert: B2B payments and infrastructure remain on fire and most investors expect to see more flat and down rounds this year. What do you feel might be overhyped?

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Stitch raises $21M for its API infrastructure and embedded finance platform

TechCrunch

In the latest development, Stitch — one of the prominent players building and operating these APIs in Africa — confirmed to TechCrunch that it has raised $21 million in Series A funding. The first is what it launched from stealth: the pure infrastructural play of connecting financial and bank accounts with an API.

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Productfy raises $16M to build the ‘Shopify of embedded finance’

TechCrunch

a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. From a product architecture standpoint, Productfy has been built “from the ground up,” he said, to operate with multiple banking partners. Productfy Inc. ,

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4 perils of being an IT pioneer

CIO

Proponents of early technology adoption further argue that it enables companies to build informal relationships with leading technology providers, develop deeper understanding of the latest technologies, and lure better talent. A senior IT leader from a bank confronted this challenge while working with a fintech provider. “We

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5 pitfalls to avoid when partnering with startups

CIO

By working closely with them, IT leaders can become more dynamic, proactive, self-determining, self-regulated, flexible, strong, robust, and resilient,” says Dr Suresh A Shan, a technology consultant with Mumbai-based rural non-banking financial company Mahindra & Mahindra Financial Services.

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Banyan wants to unlock financing for a (more) sustainable future

TechCrunch

When it comes to sustainable infrastructure development, technology is making terrific leaps and bounds. With its $25 million Series B funding — which takes its total funding to over $42 million — Banyan Infrastructure is seeking to align sustainable project finance with the technology it is meant to support and develop.

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Smile Identity expands African footprint with acquisition of Appruve to strengthen ID verification services

TechCrunch

Smile Identity , a KYC compliance and ID verification partner for many African fintechs and businesses, has acquired Inclusive Innovations, the parent company of Appruve , a Ghanaian developer of identity verification software.

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