All materials - page 199

Goldman Sachs Increases Loan Facility to Hong Kong Fintech Firm FundPark
Fintech & Ecommerce

Goldman Sachs Increases Loan Facility to Hong Kong Fintech Firm FundPark

Hong Kong-based fintech startup FundPark, which specializes in providing trade finance to small and medium-sized enterprises, announced that it managed to raise $500 million from Goldman Sachs.

Premium puzzle: Do health insurance premiums increase every year?
Society & Lifestyle

Premium puzzle: Do health insurance premiums increase every year?

The uncertainty surrounding premium fluctuations often confuses policyholders. The burning question persists: Do health insurance premiums increase every year? Though, health insurance serves as a financial protection in times of medical need, understanding the factors driving these increases sheds light on this premium puzzle and ensures a balance between comprehensive coverage and affordability.

China Actively Buys Chip Gear to Beat US Curbs
Science & Technology

China Actively Buys Chip Gear to Beat US Curbs

In 2023, there was a significant increase in the volume of imports of equipment necessary for the production of microcircuits to China.

Moody’s Negatively Characterizes Asia’s Sovereign Creditworthiness
Finance & Economics

Moody’s Negatively Characterizes Asia’s Sovereign Creditworthiness

Moody’s Investors Service has made a negative outlook on the sovereign creditworthiness of the Asia-Pacific region, citing factors such as the slowdown in China’s economic growth, risks associated with the current state of affairs in the sphere of geopolitics, and tight funding as the reasons for this point of view.

Microfinance Startup FinAGG Raises $11M From Tata Capital, BlueOrchard
Fintech & Ecommerce

Microfinance Startup FinAGG Raises $11M From Tata Capital, BlueOrchard

Indian fintech FinAGG has raised $11 million in a Series A funding round led by BlueOrchard and Tata Capital to improve financing access for millions of Indian MSMEs.

India Is Among Top Fintech Cluster Hubs Globally
Fintech & Ecommerce

India Is Among Top Fintech Cluster Hubs Globally

The World Economic Forum emphasised the role of thriving fintech hubs hosting clusters of fintech corporate headquarters and providing significant operating markets such as Singapore, the UK, the US, Mexico and India for the global growth of the fintech industry.

Credit Agricole Acquires 7% Stake in Worldline
Fintech & Ecommerce

Credit Agricole Acquires 7% Stake in Worldline

Credit Agricole announces a minority stake acquisition in Worldline expanding on their exclusive strategic long-term partnership.

Top 10 Agri-Fintech Startups in Africa
Fintech & Ecommerce

Top 10 Agri-Fintech Startups in Africa

Global stability largely depends on the food security and prosperity of the population. To reduce poverty levels and provide economic security to the dwellers of rural areas, the agriculture sector needs to be properly financed and get access to quality financial services. Agri-fintech startups serve exactly this purpose. In Africa, the need for agri-fintech services […]

Amazon Portfolio Reaches Over 500 Solar and Wind Projects Globally
Science & Technology

Amazon Portfolio Reaches Over 500 Solar and Wind Projects Globally

Amazon invested in more than 100 new solar and wind energy projects in 2023, expanding its portfolio to a size big enough to power 7.2 million U.S. homes annually.

Dataroid Raises $2 Million
Fintech & Ecommerce

Dataroid Raises $2 Million

Dataroid, a major player in the digital analytics and customer engagement industry, has announced that it has managed to raise $2 million in investment funds.

Fed Fines Chinese Bank ICBC
Finance & Economics

Fed Fines Chinese Bank ICBC

United States regulators have reported fines of about $32.4 million against the Industrial and Commercial Bank of China.

Challenges to Fintech Development in Nigeria
Fintech & Ecommerce

Challenges to Fintech Development in Nigeria

Mass adoption of digital services in Nigeria is consistent with the growth of the local fintech industry. However, the immense potential of this segment cannot be fully revealed without overcoming a number of the regulatory and financial challenges.

Aldi Introduces App-Free Payments at Checkout-Free Store
Fintech & Ecommerce

Aldi Introduces App-Free Payments at Checkout-Free Store

Customers at the checkout-free concept Aldi store in London can now simply tap their contactless payment card or mobile phone at a barrier to enter the store.

Apple Offers Rivals Access to Mobile Payment Tech
Fintech & Ecommerce

Apple Offers Rivals Access to Mobile Payment Tech

Apple has offered to provide competitors with the opportunity to access its contactless payment transaction technology and interact with this development.

Digital Onboarding Raises $58 Million
Fintech & Ecommerce

Digital Onboarding Raises $58 Million

Digital Onboarding has announced that it has managed to raise funds for $58 million from the investment firm Volition Capital to realize the intention to expand its digital interaction platform for banks and credit unions.

BNPL Provider Billink Raises $32 Million
Fintech & Ecommerce

BNPL Provider Billink Raises $32 Million

Billink, a Buy Now, Pay Later (BNPL) service provider, has announced that it has managed to raise $32 million in investment funds.