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The fintech space continues to be competitive and drama-filled

TechCrunch

Every week, we’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s our job to stay on top of it — and make sense of it — so you can stay in the know. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future.

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Stilt secures $114M in debt & equity to help fintechs and neobanks launch credit offerings with its API

TechCrunch

In addition to the equity raise, the San Francisco-based fintech said it has also closed on a new $100 million debt facility for lending to its loan customers, bringing its total raised to $375 million in equity and debt financing since its 2015 inception. My weekly fintech newsletter is launching soon!

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CIOs in financial services embrace gen AI — but with caution

CIO

So business technology leaders in financial services are carefully navigating a path toward AI. AI dominates discourse and headlines, but financial services technology leaders know there’s a lot of substance amid the noise. We’re seeing how fast this technology is maturing, so it’ll have a very different hype cycle.”

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The Interchange: Things go from bad to worse at Better.com

TechCrunch

Welcome back to The Interchange, the weekly TechCrunch series that looks at the latest — and what’s ahead — in the global fintech industry. It’s an incredible time to be a financial technology journalist. Do you want The Interchange in your inbox every Sunday? Sign up here: techcrunch.com/newsletters. The Better.com saga continues.

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MoneyGram profits from mainframe move to multicloud

CIO

It has also increased top-line revenue by enabling MoneyGram to execute far more transactions in the 200 nations it serves — exceeding the volume of business its infrastructure could handle in the past, says CTO Joe Vaughan. “We We were able to ramp up on the technology side.” We’ve had our highest volumes ever in the 4th quarter.

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

TechCrunch

Given Sudan’s very nascent tech ecosystem — Bloom is the country’s second venture-backed startup in over 30 years and YC’s first in the country — it’ll be interesting to see if the startup, with heavyweight founders, can achieve success and open up the Sudanese tech ecosystem. Website : [link].

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Flutterwave CEO addresses alleged misconduct claims in email to employees

TechCrunch

In addition , we work closely with our outside law firms to stay in compliance with all applicable regulations.”. We have had independent third party reviews which gave birth to the We Hear You and whistleblowing policies that you all know of today. Here is the fintech’s response to Odero’s. No exceptions.

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