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    Rakeez Financial, a prominent player in Saudi Arabia’s fintech landscape, has recently announced the successful closure of a $2 million Seed Round investment led by CoreVision. This strategic funding round is poised to accelerate the growth and development of financial technology services within the Kingdom. At the forefront of this development is the Fintech Saudi initiative, a collaborative effort spearheaded by the Saudi Arabian Monetary Authority (SAMA) and the Capital Market Authority (CMA). Launched in April 2018, this initiative aims to propel the fintech sector forward,…

    Trampay, a cutting-edge FinTech startup committed to empowering Brazil’s burgeoning gig economy, has recently secured a substantial $250,000 pre-seed investment from Potencia Ventures, a renowned firm dedicated to fostering innovation within the gig economy landscape.  This strategic investment underscores Potencia Ventures’ recognition of Trampay’s potential to revolutionize financial services for gig workers, a demographic traditionally underserved by conventional banking institutions. Trampay’s mission centers on providing personalized financial solutions, including low-interest micro-loans and tailored employment benefits, specifically designed to meet the unique needs of gig workers in…

    Africa-focused fintech giant, PalmPay, has rolled out two innovative products, Unlimited Free Transfer and Target Savings, in Nigeria. The company aims to enhance financial accessibility by eliminating transfer fees and offering customizable savings solutions.  PalmPay, known for its presence in Ghana and Tanzania, expands its reach in Nigeria with game-changing offerings. Users now enjoy unlimited fund transfers and bill payments with the Unlimited Free Transfer feature. Additionally, PalmPay’s Target Savings empowers users to set savings goals, frequency, and duration, with automatic savings and a lucrative 12%…

    Nexi, a leading force in European PayTech, has forged a strategic alliance with Mastercard to propel open banking account-based payments throughout Europe, marking a significant stride in the continent’s payment ecosystem. This collaboration seeks to revolutionize e-commerce transactions across Europe by tapping into the potential of open banking account-based payment solutions. By amalgamating Nexi’s robust payment infrastructure with Mastercard’s adeptness in open banking technologies, the duo endeavors to elevate payment experiences while furnishing consumers with a wider array of choices and fortified security measures during online…

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