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Stories published on May 21
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  • Stories published on May 21

Tuesday, May 21

23

JanOne set to acquire leading blockchain fintech provider

www.killerstartups.com

JanOne Inc. has announced intentions to acquire a leading blockchain financial tech provider. The deal, set for closure by May 13, 2024, riding upon regulatory compliance and prerequisites, could potentially position JanOne Inc. as a…

Teen fintech Copper had to abruptly discontinue its banking, debit products

techcrunch.com

Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its customers on May 12 that it would be…

21

CFPB Brings Lawsuit Against FinTech Company for its Alleged Deceptive Practices and for Allegedly Misrepresenting the Costs of its Loans.

www.jdsupra.com

On May 17, 2024, the CFPB filed a lawsuit in the U.S. District Court for the Central District of California against a financial technology company for violations of the CFPA and FCRA.... By: Hudson Cook, LLP

CBN: Cardoso reveals position on revoking licenses of Moniepoint, Opay, other fintech banks

dailypost.ng

The governor of the Central Bank of Nigeria, Olayemi Cardoso, said that the apex bank has not revoked the licenses of Moniepoint, Opay, and other fintech banks operating in Nigeria. Cardoso disclosed this in a communiqué from Tuesday’s…

20

There’s a real appetite for a fintech alternative to QuickBooks

techcrunch.com

Welcome to TechCrunch Fintech! This week, we’re looking at the continued fallout from Synapse’s bankruptcy, how Layer wants to disrupt SMB accounting, and much more! To get a roundup of TechCrunch’s biggest and most important fintech…

16

Marqeta, MoneyLion and Verituity: Adapting to the fintech downturn

www.americanbanker.com

These three payment firms are working to grow revenue by pivoting to new markets and technologies, all while waiting for a turnaround in the industry.

11

UP Fintech Holding Limited to Report First Quarter 2024 Financial Results on June 5, 2024

www.benzinga.com

UP Fintech's management will hold an earnings conference call at 8:00 AM on June 5, 2024, U.S. Eastern Time (8:00 PM on June 5, 2024, Singapore/Hong Kong Time).

06

Nigeria’s Regfyl Wins at Africa Fintech Pitch in Washington D.C.

www.thisdaylive.com

Emma Okonji Regfyl, a startup specialising in Anti-Money Laundering (AML), fraud prevention, and regulatory compliance, has emerged as the winner at the Africa Fintech Summit Pitch held recently in Washington

6 Nigerian Fintech Firms Compete For Visa’s 2nd Accelerator Programme Funding

leadership.ng

Six Nigerian Fintech companies have been shortlisted to participate in the Visa’s second cohort Africa Fintech Accelerator programme, thus, qualifying for funding. The Nigerian Fintech companies are: Aku.africa; Cleva; Curacel; Raenest; E…

01

Monday, May 20

23

Fintech Firm Quantitative Brokers Renews 7K-SF HQ at 285 Madison Avenue

commercialobserver.com

Fintech firm Quantitative Brokers will buckle in for another seven years at RFR Realty’s 285 Madison Avenue, Commercial Observer has learned. Quantitative renewed its lease for 7,070 square feet on the 17th floor of the 26-story office…

20

Exclusive: One month after ban on onboarding new customers, fintechs and regulators talks continue

techcabal.com

According to one person familiar with the talks, the neobanks have been asked to restrict peer-to-peer crypto transactions. It aligns with a plan by authorities to ban P2P crypto trading, first reported by TechCabal

19

Fintech lender SoLo Funds is being sued again by the government over its lending practices

techcrunch.com

SoLo Funds CEO Travis Holoway: “Regulators seem driven by press releases when they should be motivated by true consumer protection and empowering equitable solutions.”

17

Fintech firm pivots to porn and gambling

www.standard.co.uk

London fintech Curve completed a £133 million series-C funding round last year. How is it using the money to grow?

16

5WPR Chosen as Agency of Record for UCapital Fintech Group

www.benzinga.com

NEW YORK, May 20, 2024 /PRNewswire/ -- 5W Public Relations, one of the largest independently owned PR firms in the U.S., announces today it has been selected as the public relations Agency of Record for UCapital Fintech Group, makers of…

15

Riyad Capital launches 1957 Ventures fund to drive Saudi Arabia’s fintech innovation

techmoran.com

Riyad Capital, backed by Riyad Bank, has launched the “1957 Ventures, a closed-end investment fund backed by Riyad Bank to drive transformative growth in Saudi Arabia’s fintech sector The launch of this fund underscores Riyad Capital and…

12

Visa Picks Over 20 Fintech African Startups for its Second Accelerator Program

techmoran.com

Visa has announced the startups shortlisted from across Africa to participate in the second cohort of its Africa Fintech Accelerator program, the biannual program that offers 12 weeks of 1:1 mentorship and personalized training, providing…

04

‘FG’s Intervention Will Further Strengthen Fintechs in Nigeria’

www.thisdaylive.com

Emma Okonji The Managing Director, PalmPay Nigeria, Mr. Chika Nwosu has said the on-going intervention process of the federal government on the activities of Fintechs in Nigeria, will further strengthen

Sunday, May 19

05

Moniepoint ranked Africa’s top tier fintech in second year

thenationonlineng.net

Moniepoint Inc, parent company of Nigeria’s leading financial institutions, Moniepoint MFB and TeamApt Ltd has been ranked by the Financial Times, one of the world’s leading business news organisations, recognised...