News

Weekly

Digital Banking Weekly #70

8th November 2020 - 15th November 2020

Investment

Nigerian challenger bank Kuda raises $10 million

Nigeria-based challenger bank Kuda has raised $10 million in funding to expand in the whole Africa continent.

Central Banks

The Central Bank of Turkey announced a new instant-payment system: FAST

The Central Bank of Turkey's new system will allow fund holders to transfer money between their accounts at different banks within seconds on a 24/7 basis.

Investment

Railsbank raises $37 million growth funding led by MiddleGame Ventures and Ventura Capital

The new investment will enable Railsbank to continue to be the global leader in Banking as a Service through the launch of Credit Cards as a Service in the USA, continued expansion in SE Asia and strengthening its business in the UK and Europe.

Investment

Italian AideXa has raised over €45 million

AideXa has raised over €45 million in the largest-ever “seed” round carried out by an Italian fintech and the largest “seed round” in Europe in 2020.

Digital Banking

Indra's fintech company Afterbanks arrives in LATAM

Afterbanks, Indra's fintech that offers alternative instant payment methods and real-time banking data to make credit decisions, lands in Latin America. On October 29th, the Minsait subsidiary began operating in Mexico, where it has established its first office in the region.

Weekly

Digital Banking Weekly #69

1st November 2020 - 8th November 2020

Central Banks

Digital Ruble: Possibilities and options

Russian Central Bank announced the possible issue of a digital ruble that can appear on the Russian market at the end of 2021.

Investment

Vivid Money announced a 15 million Euro financing for expansion

Vivid Money, a Berlin-based financial platform, announced a 15 million € financing for expansion and product development, reaching a valuation of 100 million €.

Events

Finance, tech to be showcased at Khaleej Times' Digibank Forum

The upcoming hybrid conference has two editions: The UAE edition on November 23, followed by a Saudi Arabia edition on November 25.

Digital Banking

Garanti BBVA rolls out smart transactions for PFM

Smart transactions allow Garanti BBVA customers and clients to streamline their daily banking activities and keep their personal finances under control using the bank’s mobile app.

Events

Cyberport Venture Capital Forum 2020 draws to a close with a total of 97,000 views

Two-day flagship investment event attracts 1700+ participants and facilitates 250+ deal flow.