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SoftBank To Lead $125M Round For LATAM FinTech AlphaCredit

PYMNTS

Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. It provides credit lines to individuals and has usually worked in communities without much access to banks.

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Rapyd Launches All-In-One Payment In Mexico 

PYMNTS

Rapyd, the B2B financial technology-as-a-service company, launched an integrated payment solution in Mexico, allowing companies to access all local payment methods through one network, according to a news release. Mexico is one of Latin America’s high-growth markets. billion.

Payments 153
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Quona Capital Raises $203M For FinTech-Boosting Fund

PYMNTS

The fund will set its sights on FinTechs and financial organizations in Africa, Latin America, India and Southeast Asia. Over the past year, the Accion Quona Inclusion Fund has seen nine investments, which include digital commerce company Ula, digital consumer lending company JULO, end-to-end insurance company Sunday and others.

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How Corporates Receive — And Revive — Investment Strategies

PYMNTS

PYMNTS also explores the venture capital and lending spaces as professional investors make some changes and as businesses look to invest in themselves. Researchers agreed that this shows a continually high level of interest in the financial technology and innovation space among investors, despite the overall drop in VC funding.

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Top News In Payments: JPMorgan Blocks FinTechs From Passwords; Ant, Razer Join Rally For Singapore eBank Licenses

PYMNTS

Both Ant Financial and gaming company Razer recently applied for digital banking licenses in Singapore, where five such licenses are currently up for bid, to be awarded in mid-2020. Southeast Asia’s digital lending market is anticipated to top $110 billion by 2025 — over four times what it is worth now.

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How Financial Technology Partners can Help with Customer Acquisition Campaigns

FICO

For credit unions and smaller banks in North America, the challenge of how to compete with their bigger counterparts is a constant and pressing matter. In general, the latest software solutions are expensive and in many cases beyond the reach of organizations of this size, which is where a technology partner can help.

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Bitcoin Daily: Bitcoin Rises After Recent Crash; IRS Delivers New Rules For Crypto Investors

PYMNTS

Because threat actors often get recipients’ emails from password breach lists, they sometimes include passwords to lend authenticity,” Hunter Johnson, Cofense Professional Services at Cofense, wrote in a blog post. There is certainly some interest coming out of Latin America, there’s a lot of unrest in other parts of the world.”.

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