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📉 Fintech funding in Singapore fell by 35% to $1.49 billion in 2023, down from $2.31 billion in 2022. 💼 Despite the decline, fintech remains a top investment sector, making up half of all startup deal values in the region last year. 🌐 The funding downtrend continues into 2024, with a 13% decrease in fintech investments in Southeast Asia during Q1. - Want full insights? Subscribe to Tech in Asia to read the entire article.

Global Fintech Funding Declined by 16% in Q1 2024 Global fintech funding experienced a 16% reduction in the first quarter of 2024, as revealed by the tech startup analytics company CB Insights in a state of fintech report. The report disclosed a huge difference and a fall from $8.7 billion to $7.3 billion in financial technology companies worldwide in the third quarter of 2024. According to the report, fintech funding has declined the most since 2007. This decline sharply contrasts with previous gains in the broader venture market. While the value of the deals might have suffered a stiff quarterly decline, investors remain active in the market but are focused on smaller deals. However, the deals enjoyed a 15 percent increase, making a total of 904 deals against 724 recorded in the last quarter of 2023. Read: https://lnkd.in/duQmSBJJ Follow Business World Africa for exciting news updates in the African business space #businessnews #technologies #fintech

Kashat: Navigating the Uncertainties of the Egyptian Fintech Market - Case - Faculty & Research: Karim Nour, the founder of Kashat, an Egyptian nano-lending fintech company, is contemplating how to manage the growth of his startup. Over the ...

The fintech space is brimming in the region, offering tremendous opportunities for startups. I recently shared my views with Edge Middle East, diving deep into how it creates fertile ground for innovation and growth, the key opportunities for innovators, and how fintech is redefining finance in the region. https://lnkd.in/eTvssEYz

Digitalization, which accelerated with the pandemic, maximized the need for fintechs, and as the effects of the pandemic subsided in the first quarter of 2022, digitalization also slowed down and caused money scarcity all over the world. Despite this, fintech investments in Türkiye have recently surpassed the pre-pandemic levels thanks to instruments such as venture capital investment funds and equity-based crowdfunding, which have energized the startup ecosystem. In recent years, financially strong fintech startups in Türkiye have made acquisitions abroad to take steps towards internationalization. In 2024, these acquisitions are expected to continue and set an example for other fintech startups. In light of these developments, Turkish fintech startups competing in a different class and unicorn candidates are expected to emerge. Regulations in areas such as open banking, service banking and embedded finance are also expected to push the number of fintechs, which stood at 822 as of end-2023, 696 of which were active, much higher.

📰 The 9th edition of Frontier Fintech GPS is Here 📰 Every week, I break down the Top 10 Fintech News stories that matter to Fintech leaders in Africa. The aim is to help readers navigate the endless stream of Fintech news and get smart on Global Fintech from an African perspective. 🔍 What's in this week's edition? (Link in the comments) 🇳🇬 Moniepoint Group gets $1 billion valuation in new funding round led by DPI and Google Moniepoint Group, a Nigerian fintech company, has secured $110 million in a Series C funding round led by Development Partners International (DPI), with participation from Google's Africa Investment Fund, Verod Capital, and Lightrock. This investment elevates Moniepoint's valuation to over $1 billion, marking its entry into the "unicorn" category. The capital will be utilized to expand Moniepoint's digital payment and banking solutions across Africa, aiming to build an integrated platform for businesses that encompasses digital payments, banking, foreign exchange, credit, and business management tools. Currently, Moniepoint processes over 800 million transactions monthly, totalling more than $17 billion in value. Other investors in Moniepoint include QED Investors and British International Investment which both led a round two years ago valuing Moniepoint at US$ 800m. Whilst it's a rich valuation, there's been precedent of a PE player in Africa acquiring a challenger bank at what was then viewed as a steep valuation. 🇪🇬 Sawari Ventures to back more African startups with new $200 million fund Sawari Ventures, an Egypt-based VC firm, is launching its second fund, Sawari Ventures II, targeting $200 million to invest in African startups. The fund, debuting in early 2025, will focus on Series A and B investments, allocating about 70% to Egyptian ventures and expanding into North, West, and East Africa. Key sectors include fintech, healthtech, agri-tech, and digital education. In partnership with Bpifrance, Sawari aims to foster collaboration between African and French markets. Local capital is always good for the ecosystem if it comes with local context and relationships. 🇳🇬 CBN Optimistic About Nigeria’s Removal from FATF Grey List by May 2025 The Central Bank of Nigeria (CBN) is optimistic about Nigeria’s removal from the Financial Action Task Force (FATF) grey list by May 2025. CBN Deputy Governor Aishah Nnaji highlighted that Nigeria has completed the necessary requirements for this removal, which will enhance remittance flows and foreign direct investment (FDI). Find out what this means for Nigerian Fintechs and Banks. Read these and 7 other stories including Sterling Bank's efforts towards becoming a tech enabler, Network International and Ant Group's partnership for wallets in the Middle East and Africa and Bank of England's CBDC efforts.

Across Africa, fintech startups are grappling with a challenging reality: the cost of customer acquisition often far outweighs the immediate returns. This scenario raises a critical question: Is Africa's VC-backed fintech model sustainable? Continue reading here👇🏽 https://lnkd.in/dteEmej2

Discover how South-east Asia's fintech funding has continued its decline, dipping 25% in the first half of 2024. This insightful analysis by Benjamin Cher in The Business Times highlights the challenges faced by the fintech sector, including rising interest rates and valuation concerns. Read more about the trends and data from Tracxn that underline this downturn. https://lnkd.in/eiveN4aP #Venture #VentureCapital #VC #Fintech #FintechNews

CB Insights — State of Fintech 2023 recap The market intelligence platform releases the updated report for the 2023 year, and here are the key findings: ▪️ Global fintech funding nosedived to $39.2B in 2023 (down 50% YoY), while deal volume slipped 38% to 3,801 — the lowest levels since 2017. On a quarterly basis, Q4’23 saw the fewest fintech deals in 7 years. ▪️ The US increased its dominance of #fintech, drawing 41% of deals in 2023 — its highest share since 2016. Meanwhile, Asia’s deal share fell to a recent low of 20%. ▪️ Eight fintech #unicorns were born in Q4’23 — a 6-quarter high, but far below 2021’s quarterly average. Asia contributed half of the new unicorns — 3 of which are based in Gulf States. The 205-pages read grants a comprehensive outlook at fintech market trends of the last year both to investors and businesses targeting looking for #funding. 👉 Learn the details from the report: https://lnkd.in/daTJJkWg  ⚡️ Get the latest insights from What the Money? ▪️ FREE country reports: https://www.wt.money/ ▪️ Medium blog: https://blog.wt.money/ ▪️ Fintech digest: https://lnkd.in/dqWqQG-M ▪️ News alerts: https://t.me/wtmoney

The FinTech ecosystem in LATAM and Caribbean recorded growth of more than 340% in the number of technology finance startups created in the last 6 years. More 𝗞𝗲𝘆 𝗦𝘁𝗮𝘁𝘀 from the latest report by Finnovista: The FinTech indistry in the region is going from 703 companies in 18 countries in 2017, to 3,069 in 26 countries in 2023, according to the fourth report in the Fintech in Latin America and the Caribbean series. 🇧🇷 Brazil continues to be the country in the region with the largest number of FinTech ventures, with 24% of the total. It is followed by Mexico 🇲🇽 with 20%, Colombia 🇨🇴 with 13%, and Argentina 🇦🇷 and Chile with 10% each. Peru, Ecuador, Dominican Republic, Uruguay, Costa Rica and Guatemala constitute a set of emerging markets that is developing with remarkable dynamism, registering an average annual growth of 44% between 2017 and 2023. The segments that lead the number of platforms in the region continue to be Payments and remittances, with 21% of the total number of companies, loans with 19% and corporate finance management with 13%. I highly recommend downloading and reading the complete #fintechreport for more info and stats: https://lnkd.in/gp5sykWQ Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]