Resource Digest’s Post

📈 LatAm Fintech: A Resurgence in the Making 🌎 Do you know Latin America's fintech is growing? While 2021’s record-breaking $7.5B funding might still feel out of reach, 2024 is showing a significant rebound compared to 2023—and we’re not even done with the year yet. 💡 Key Numbers to Note: 👉 $2.6B invested across 174 deals in 2024 (so far). 👉 That’s a 73% increase in funding volume compared to last year’s $1.5B across 241 deals. Mike Packer, partner at QED Investors, called it earlier this year: “We’re off the bottom.” And the deals prove it: - Conta Simples raised $41.5M for corporate expense management. - Félix Pago secured $15.5M to streamline remittances for Latino workers. - Magie, a Brazilian AI fintech, raised $4M, marking Lux Capital’s first foray into Brazil. 🎯 Why the Momentum? 1️⃣ Companies that raised during the 2021 hype cycle are back in the market, either due to runway needs or milestone achievements. 2️⃣ Portfolio companies are hitting new growth levels and attracting fresh investments. This resurgence isn’t just about dollars; it’s about renewed confidence in LatAm’s fintech ecosystem. The region is proving its resilience and potential, positioning itself as a hub for innovation once again. Source: TechCrunch 2024. 💬 What’s your take on LatAm’s fintech comeback? Are we entering a sustained growth phase, or will challenges keep it bumpy? Let’s discuss! 👇

With booming growth-stage funding and diverse sectors on the rise, the ecosystem is thriving. Kredit Hero is here to fuel this momentum, making funding fast and simple for SMEs driving the next wave of innovation. Let’s keep pushing boundaries in 2024! 🙌 🚀 #Fintech #AI #KreditHero #SME #SMEgrowth

FinTech entrepreneurial ecosystem in India: Role of incubators and accelerators: Financial technology (Fintech) is the amalgamation of technology in finance, enhancing the potential, efficiency, and opportunities of the sector ...

Fintech leads the way for UK technology investment!! Fintech is back on top as the UK’s most-funded startup sector according to new analysis. Reach out to me to see how TCS can best help and support you Paul Simpson

Moniepoint Group Raises $110 Million 💰 in Series C Funding, attains Unicorn ˏˋ°•*⁀➷🦄status Nigerian fintech 💳 startup Moniepoint Group has secured $110 million 💵 in Series C funding to accelerate its expansion 📈across Africa 🌍 reinforcing its commitment to financial inclusion and empowering African businesses with comprehensive banking and payment solutions. Key 🗝️ Takeaways from the Milestone All-in-One 🔂 Financial Ecosystem 🎯 Founded as TeamApt in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint has evolved into Nigeria's leading financial ecosystem, offering digital payments, banking, credit, and business management tools to over 10 million businesses and individuals. As the country's largest merchant acquirer, Moniepoint powers a significant share of Nigeria's point-of-sale (POS) transactions, processing $17 billion monthly while maintaining profitability. Strategic Investors 🧑💼 and Purposeful Capital The $110 million Series C funding round was led by Development Partners International’s African Development Partners III (ADP III) fund, a prominent Africa-focused investment vehicle. The round also saw participation from Google's Africa Investment Fund, Verod Capital, and Lightrock, underscoring Moniepoint’s appeal to both global and regional investors focused on high-growth, impactful ventures. Accelerating Growth 📈💰📊 and Financial Inclusion   Moniepoint plans to leverage the new capital to deepen its presence across Africa, offering a seamlessly integrated platform that combines digital payments, foreign exchange (FX), credit services, and business management tools. The expansion aligns with Moniepoint’s mission to create “financial happiness” by empowering businesses of all sizes with tailored solutions. Read more on how Moniepoint’s platform is transforming financial services for African businesses and individuals. (https://lnkd.in/dmj72y3V) Stay ahead of the curve with the latest breakthroughs in the African tech world. Subscribe to our newsletter 👉(https://lnkd.in/d5-YqEJZ) and be the first to know about game-changing innovations.

Fintech Emerges as Kenya’s Most Prevalent Tech Startup Sub-Sector https://lnkd.in/gQCWTCPN Africa Fintech SummitFinTech Connect Africa (FCA)FinTech Africa LTDAfrica Fintech ForumConnecting the dots in FinTech AfricaAfrica Fintech Foundryfintech africaAfrica Fintech ForumFintech Africa Fintech News Africa Watu Credit Pesapal AZA Finance Africa Financial Inclusion

Success Principles for Startups in the Fintech Space for Africa's Development and Sustainability. The fintech landscape in Africa is booming, driven by a young, tech-savvy population and an increasing demand for financial inclusion. As startups emerge to address the continent's unique challenges, certain success principles can guide these ventures towards sustainable growth and impactful development. Here are key principles that fintech startups in Africa should consider: 1. Understand the Local Market Deep Market Research Startups need to conduct thorough research to understand the local financial behaviors, needs, and pain points of their target audiences. Each African country has its own regulatory environment, cultural nuances, and economic conditions. Tailoring solutions to these specifics can lead to higher adoption rates. Focus on Financial Inclusion A significant portion of Africa's population remains unbanked. Fintech startups should strive to create solutions that cater to this demographic, offering services like microloans, mobile banking, and payment solutions that are accessible even to those with limited financial literacy. 2. Leverage Technology Wisely Embrace Mobile Solutions With high mobile penetration rates across Africa, especially in rural areas, mobile-first solutions can enhance accessibility. Startups should focus on developing apps and platforms that work seamlessly on mobile devices, enabling users to access financial services anywhere. Utilize Data Analytics Data is crucial for understanding user behavior and improving service offerings. Startups should invest in data analytics to gain insights into customer preferences, assess risk, and personalize services. 3. Build Strong Partnerships Collaborate with Local Institutions Partnering with local banks, telecom companies, and community organizations can help fintech startups gain credibility and access to a wider customer base. These partnerships can also facilitate compliance with regulations and provide necessary infrastructure. Engage with Government and Regulators Active engagement with regulatory bodies is essential for navigating the complex landscape of fintech in Africa. Startups should advocate for policies that promote innovation while ensuring consumer protection. 4. Prioritize Security and Trust Invest in Cybersecurity With financial transactions increasingly moving online, startups must prioritize cybersecurity to protect user data and build trust. Implementing robust security measures will not only safeguard the business but also enhance customer confidence. 5. Focus on Sustainable Business Models Adopt Scalable Solutions Building a scalable solution is essential for long-term success. Startups should design their business models in a way that allows for growth without proportional increases in costs. This could involve leveraging technology to automate processes or expanding service offerings incrementally. www.elevatecapital.org

Indian Fintech Start-up Funding Surges 59% In Q1 2024: Report - KNN India: Funding among Indian fintech start-ups witnessed a significant surge of 59 per cent quarter-on-quarter (Q-o-Q) in the first quarter (Q1) of the ...

💥 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡𝐞𝐚𝐬𝐭 𝐀𝐬𝐢𝐚 𝐃𝐫𝐨𝐩𝐬 𝟐𝟖% 𝐢𝐧 𝐐𝟑 𝟐𝟎𝟐𝟒 📉 Fintech funding in Southeast Asia fell by 28% in Q3 2024, reaching $322 million compared to $447.5 million in the previous quarter. 🌏 Despite this drop, the region remains a fintech hub, capturing 14.5% of the total sector funding across Asia. 📈 Early-stage and seed funding showed resilience, with early-stage funding up by 32% and seed funding growing by 40%. In contrast, late-stage funding saw a sharp 72% decline. 💡 Payments, banking technology, and forex technology led the way in Q3, though no new unicorns or IPOs emerged this quarter. 🔮 While the short-term outlook for Southeast Asia’s fintech sector remains cautious, industry experts are optimistic about its long-term growth, supported by favorable factors like government initiatives, high internet penetration, and a rapidly growing digital economy. 🔗 For further insights, please read the full news here: https://bit.ly/4fcRdVx ------------------------------------------------------- 🎯 Seeking more insights and expert advice for your startup's fundraising strategy? Contact Capital JDI today! 🏆 At Capital JDI, we provide ventures with investor access, invaluable fundraising advice, and support through our vast network and expertise. 🚀 Reach out to us today to boost your startup's journey: https://lnkd.in/gEDd-maK #JDI #CapitalJDI #Fintech #SoutheastAsia #FintechFunding #Funding #TechInvestments

Startup Trends: The Rise of Sustainable and Profitable Ventures in Southeast Asia: Fintech: The financial technology sector is booming in Southeast Asia, with opportunities in digital payments, lending, and personal finance ...