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Articles for Fintechs, search results for money

How Safe Is Your Money in a Fintech, Really?
2 months, 2 weeks ago

How Safe Is Your Money in a Fintech, Really?

Bloomberg  

Imagine putting your savings into a digital bank, not thinking about it, and waking up one day to find it inaccessible. That nightmarish scenario is exactly what happened earlier this year when fintech startup Synapse Financial Technologies Inc. filed for Chapter 11 bankruptcy – and left as much as $95 million worth of funds missing. Founded in 2014, the Andreessen …

Fintech Synapse
Global investment money is flooding into Africa’s fintechs
3 years, 1 month ago

Global investment money is flooding into Africa’s fintechs

Al Jazeera  

Fintech startups drew more than 60 percent of all venture funding that flowed into Africa last quarter. “It’s an amazing validation.” Two years later, Thomson’s experience resonates with hundreds of African founders, as the continent emerges as ground zero for a stunning surge in fintech funding. It’s an amazing validation by Ricky Rapa Thomson, co-founder, SafeBoda In the third quarter …

Global Africa Investment Nigeria Startups Funding Fintech
To teach them early, fintechs take finance to teens
3 years, 4 months ago

To teach them early, fintechs take finance to teens

Live Mint  

Pranjal Patel, a 10th standard student in Khandwa, Madhya Pradesh, is like any other 15-year-old: he loves online games and hanging out with friends. In India, at least six startups operate in the kids’ fintech space, including FamPay, Junio, Pencilton, YPay, Visa-networked Walrus, a Y Combinator-backed company, and Yodaa, a product of Singapore-based Atlantis. In March, Delhi-based Junio raised ₹15 …

India Kids Month Card Jain Patel Fampay Junio
What to expect if your lending app gets banned
4 years, 2 months ago

What to expect if your lending app gets banned

Live Mint  

Your loan app could soon join the list of China-based mobile apps banned in India. Since fintech and lending apps access sensitive information, including your account details, this could mean putting both your money and privacy at risk. “There is a high possibility of certain apps getting banned even if customers have outstanding loans, since sensitive data is at stake,” …

China Loan Apps Nbfc India Banned Lending App Chinese Fintechs