Daily Fintech Newsletter | Apr. 5th
Hi!
In case you missed it, please see below today's most relevant fintech news.
The partnership between Mastercard and Airtel Africa demonstrates that traditional payment service providers are making strides in adopting non-traditional payment technologies, says Lisa Kimathi, senior research associate at Standard Investment Bank in Nairobi. Link here.
Gaming hardware manufacturing company Razer Inc. has come a long way since CEO and co-founder Min-Liang Tan had the idea to design a computer mouse specific for gamers back in 2005. According to the firm's latest financial results, 2020 was a record year, with Razer for the first time achieving over US$1 billion in revenue, in the process also registering its first-ever annual profit. Link here.
Ramp, a Brex competitor that provides corporate credit cards and a spend management platform, is close to wrapping up a pair of funding rounds, one of which would value the company at $1.6 billion, as first reported by The Information. Link here.
Fintech startup ClickSWITCH Holdings Inc. has been acquired by Q2 Holdings Inc., the company announced Thursday. The financial terms of the deal weren't disclosed. Link here.
Greenlight Financial Technology, Inc., the fintech company on a mission to help parents raise financially smart kids, released new findings from a national survey that shine a light on the state of financial literacy among teens. Link here.
Cross-border payments startup dLocal has raised $150 million at a $5 billion valuation, less than seven months after securing $200 million at a $1.2 billion valuation. 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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