PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment

PayU, the Naspers owned fintech firm that specializes in emerging markets, is broadening its global reach into Southeast Asia after it announced a deal to buy a majority stake in Singapore-based Red Dot Payment. Naspers is best known for its payments and fintech business in markets like India, Latin America, Africa and Eastern Europe, but Read more about PayU, Naspers’ global fintech firm, enters Southeast Asia with acquisition of Red Dot Payment[…]

African fintech dominates Catalyst Fund’s 2019 startup cohort

African fintech dominates Catalyst Fund’s 2019 startup cohort

African fintech has taken center stage for the Catalyst Fund, a JP Morgan Chase and Bill & Melinda Gates Foundation-backed accelerator that provides mentorship and non-equity funding to emerging markets startups. The organization announced its 2019 startup cohort and three out of the four finance ventures — Chipper Cash, Salutat and Turaco — have an Read more about African fintech dominates Catalyst Fund’s 2019 startup cohort[…]

Northwestern Mutual has carved out $150 million for another fintech and insurance investment fund

Northwestern Mutual has carved out $150 million for another fintech and insurance investment fund

Northwestern Mutual is setting aside $150 million for a second venture fund. “We’re committed to transforming the client experience to drive change within the financial services industry,” said Souheil Badran, executive vice president and chief innovation officer, in a statement. “This additional capital will allow us to build on the success of Northwestern Mutual Future Read more about Northwestern Mutual has carved out $150 million for another fintech and insurance investment fund[…]

African fintech startup Jumo raises $12.5M more to fund Asia expansion

African fintech startup Jumo raises $12.5M more to fund Asia expansion

Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and it is an extension to a $52 million round that closed back in September. The deal takes Jumo, Read more about African fintech startup Jumo raises $12.5M more to fund Asia expansion[…]