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Africa FinTech Leads This Week’s B2B Investments, Breaks Record

PYMNTS

million in the largest investment round ever for a FinTech that operates exclusively in the continent. Small Business Banking. According to reports, Cellulant’s funding is the largest for an Africa-only FinTech. Find out who raised the money, and other winners of this week’s B2B venture capital roundup, below.

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The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

PYMNTS

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and global stock markets are also top concerns among entrepreneurs surveyed by the bank.

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Agora Services Debuts New Tools For SMB Banking

PYMNTS

Challenger bank Agora Services wants to address challenges with banking for small businesses with a new solution called Agora SMB, which will help them compete with bigger banks, a press release says. There will also be receipt managing sub-accounts for tax purposes, and other such perks.

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What’s New in SMB Digital Banking? Grasshopper Offers BOTH 1% APY and 1% Cash Back

Fintech Labs Insights

FintechLabs follows the small business digital banking space closely. While the summer is typically slow in terms of marketing initiatives, Grasshopper Bank is the exception in the small business banking space touting a 1% APY in the first paid result on a recent Google search ( see screenshot below ). Mercury Bank FAQ.

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5 Ways Ant Financial & Tencent’s Fintech Growth Playbooks Are Evolving

CB Insights

There are just two China-based fintech businesses valued at over $100B in the world. The second, conceivably, is Tencent’s fintech business. In May 2019, Barclays released a note estimating the value of Tencent’s fintech business at $123B, or close to a third of the company’s total market cap.

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2021 GonzoBanker Awards

Gonzobanker

A few years ago, very few people would have guessed that tens of billions of dollars would be invested in fintech vendors and solutions annually – except it happened. 2021 fintech investments, merger activities, and overall focus were off the charts. Bank Merger of the Year. Best Fintech Acquisition by a Bank.

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How Have the Finovate Best of Show Winners Fared?

Fintech Labs Insights

And many of those winners have gone on to become successful fintech companies or be acquired by one. Europe 2023 (London): 10x Banking: Raised $300M for its cloud banking solutions; expanding globally. FinTech Insights by Scientia: Providing fintech market data, seen increased subscriptions from enterprise clients.