Daily Fintech Newsletter | Apr. 27th
Hi!
In case you missed it, please see below today's most relevant fintech news.
How do digital banking apps rank this month? Tied this month at No. 1 are the Chime and Nubank apps — a rise of one spot for the latter —with Revolut also up one spot to No. 2. Notice the preponderance of tied scores. It illuminates the fierce competition between apps and the challenger banks who field them, as consumers push on through the pandemic, trying to make better financial choices, starting with smartphone banking. Link here.
Congrats to Giorgio Fiorentino, Gianluigi Davassi, and the whole faire.ai team with this big milestone to celebrate: Cream is now live! Link here.
Allica Bank has rolled out an offering for small-to-medium-sized businesses (SMBs) that is a direct-to-SMB banking solution, according to a press release. Link here.
Nedbank, working with Mastercard and South African fintech player UKheshe Technologies, has launched the ability for banking clients to make payments to businesses in Facebook-owned messaging platform WhatsApp. Link here.
Italian fintech Workinvoice has teamed up with BANCA SELLA - S.P.A. to offer the bank’s customers seamless digital solutions to finance their working capital. Link here.
Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. Link here.
Having registered revenues reflecting $300 million annually for the first three months of 2021, Israel-based startup Pagaya is allegedly planning to enter Wall Street at $8 billion, as well as execute a traditional IPO. Link here.
PicPay, which operates a mobile payments app in Brazil, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. Link here.
The Unifi Premier credit card has been launched by Unifimoney, the digital money management platform. Link here.
This ends my Daily Fintech Newsletter. Let me know if there are any questions or news/insights worth mentioning in the next newsletter. Until the next!
Regards,
Marcel van Oost
marcelvanoost.com
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