Daily Fintech Newsletter | Mar. 26th
Hi!
In case you missed it, please see below today's most relevant fintech news.
The next big thing in neobroking: social networks. Neobrokers are adding even more social elements to their trading platforms in the wake of the Gamestop saga and the rise of 'meme stocks'. Link here.
Jeff App, the Latvian fintech startup providing a data-enabled loan brokerage platform for unbanked customers in Asia, has closed a $1 million financing round led by the Estonian Business Angels Network (EstBAN) syndicate. Link here.
Osu, a new instant payments app aimed at helping the UK’s four million self-employed has raised £2.25m seed round. Link here.
Mogo Inc., a digital payments and financial technology company, announced it has entered into a binding letter of intent to acquire 100% of Moka Financial Technologies Inc. Link here.
Payments firm GHL Systems Berhad announced that they will be piloting a Buy Now Pay Later (BNPL) service for its merchants in Malaysia through a partnership with Split, a homegrown BNPL firm that has processed RM 10 million in transactions. Link here.
Chip, the award-winning savings app, has selected the custodian and investment technology provider, Seccl, to power its soon-to-launch Investment Platform. Link here.
Grupo Santander has committed to converting all of its 30 million payment cards across Europe to recycled plastic within the next four years. Link here.
Brazilian FinTech startup EBANX has expansion plans for its payments operation across Central America and is kicking off operations in Costa Rica, with plans to launch in El Salvador, Panama, Guatemala and the Dominican Republic in the first half of 2021. Link here.
Timothy Li, the founder and CEO of Alchemy – as well as several other startups, provides a portfolio of Fintech verticals for any firm that wants to incorporate a digital service. 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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