Tiger Global leads $42M Series B in Nigerian credit-led neobank FairMoney

Neobanks have led the charge as regards venture capital funding for consumer fintech startups. But while they have collectively dominated the fintech space, they don’t operate a monolithic model. There are five distinct models, and the one adopted by Nubank, the $30 billion behemoth, is the credit-led model. Neobanks operating this model start by offering […]
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India’s central bank says growing presence of Big Tech in financial services a concern

India’s central bank has identified Big Tech’s push into financial services as a challenge for banks in the South Asian market, saying the growing presence of these firms have prompted concerns about creation of an uneven playing field. In a report published on Thursday, Reserve Bank of India (RBI) said Big Tech offers a wide […]
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Tiger Global in talks to back Indian fintech Yap

Tiger Global is in advanced stages of talks to back Indian embedded finance startup Yap, according to more than half a dozen people familiar with the matter. The New York-headquartered firm is in talks to lead a $35 million financing round in Yap — also known as YapPay and M2P — that values the Bangalore-headquartered […]
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Rohlik raises $119M at a $1.2B valuation to grow its 2-hour grocery delivery service in Europe

“Instant” grocery delivery has been a big theme among food startups in Europe, where customers can order from a limited assortment of items and get their purchases packed from “dark stores” and delivered in sometimes as little as 10 or 15 minutes. But today a startup that’s built a much bigger proposition — a virtual […]
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Volvo Cars sets the tone for its next-gen vehicles with ‘Concept Recharge’ EV

Volvo Cars wants to completely electrify its lineup by 2030 and on Wednesday offered a glimpse into how it plans to get there and what its next generation of vehicles might look like. But it’s not going to do it alone. Although the automaker plans on developing its own in-car operating system and other parts […]
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Google tightens UK policy on financial ads after watchdog pressure over scams

The UK’s more expansive, post-Brexit role in digital regulation continues to be felt today via a policy change by Google which has announced that it will, in the near future, only run ads for financial products and services when the advertiser in question has been verified by the financial watchdog, the FCA. The Google Ads […]
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Indian tech startup exposed Byju’s student data

India-based technology startup Salesken.ai has secured an exposed server that was spilling private and sensitive data on one of its customers, Byju’s, an education technology giant and India’s most valuable startup. The server was left unprotected since at least June 14, according to historical data provided by Shodan, a search engine for exposed devices and […]
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