Start ups news

Start ups headlines

SSimple completes investment round and appoints Matthew Cook as chairman

22 h

Fintech startup Nao offers retail investment in private equity funds

23 h

Tenity invests in 11 early-stage fintechs

24 Aug

Barclays appoints Lee Counselman as a managing director in Technology Investment Banking

15 Aug

InsurTech SureIn seals €4 million seed round

15 Aug

FinMont partners with Chargebacks911

11 Aug

Airwallex and OurCrowd team to make it easier to invest in global startups

03 Aug

Zilo debuts global transfer agency services

01 Aug

Qatar FinTech Hub announces wave 5 of its incubator and accelerator programmes

31 Jul

Fintech startup Croissant launches with $24 million in seed funding

27 Jul

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Anthony Thomson launches acceleration partner for fintech startups

Having co-founded a gaggle of challenger banks, serial entrepreneur Anthony Thomson is launching an "acceleration partner" to help scale fintech startups.

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Turkish payments platform Craftgate scoops £1 million investment

Creating Climate Positive Companies with SustainableFinance.Live

Financial management platform for multi-entity businesses raises £5m

Kenyan fintech Zanifu raises $11.2m

Irish fintech funding slows down

UK Growth Stage Fintech Fund launched by City grandees

Fintech Fronted shuts up shop

TSB and FinTech Scotland open applications for annual Innovation Labs programme

Nigerian Exchange preps dollar settlement platform for fintechs

SphereX raises $8.2m for smart contract security tech

[New Report] Can FIs lead the World's ESG charge with Pioneering and Transparent Data Visualisation?

Start ups blogs

E-commerce

The neglected middle: how international payments systems are failing the majority of marketplaces

Eddie Harrison

Eddie Harrison - Paytrix - London

Entrepreneur field

Entrepreneurship in Ukraine, Poland and the USA: what are the conditions and what is in the way?

Bekir Ablaiev

Bekir Ablaiev - Lextensio - Kyiv

BNPL

The dark side of fintech: BNPL’s negative impact on financial well being

Maysam Rizvi

Maysam Rizvi - Elifinty - London

How To Start A Neo Bank Software Platform

Abhinav Paliwal

Abhinav Paliwal - PayNet Systems- A Neo Banking Software Platform - India

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Latest TV

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Creating Climate Positive Companies with SustainableFinance.Live

Paul Jepson, Head of Innovation and Science, CreditNature, shares with Richard Peers from Responsible Risk, how the workshops and community at SustainableFinance.Live enabled the creation of CreditNature and where their innovative solutions are taking them now.

Banking on a wilder tomorrow

Bevis Watts, CEO, Triodos Bank UK, talks with Richard Peers, ResponsibleRisk, about the film 'Save Our Wild Isles,' looking at how Banks can help tackle climate change, protect and restore nature, and deliver environmental benefits.

Removing barriers and addressing inclusion for fintech growth

Speaking at Innovate Finance Global Summit 2023, Janine Hirt, CEO, Innovate Finance, discusses FinTech's impact on the economy and society at large. She gives her outlook on the investment landscape, regulation and what more needs to be done to encourage a more diverse, inclusive Fintech culture.

Embedded Finance: Who is Leading the Payments Revolution?

Dr Kay Swinburne, Vice Chair, Financial Services, KPMG, speaks at Innovate Finance Global Summit 2023 about the biggest trends across the UK fintech landscape today, who is leading the charge, the risks that come with new payment trends, and where cash fits in.

The long read

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Dickson Nsofor

Future of Fintech in Africa 2023: The value of a connected world

Dickson Nsofor - CEO, Kora

Discussion

Fintech Fronted shuts up shop

Ketharaman Swaminathan

Ketharaman Swaminathan

"Fronted's initial premise was to offer a 12-month loan for renters who do not have an existing deposit to buy the property of their choice." To BUY or RENT the property...? Assuming it's RENT. IIRC, I had to put up two months' rent as deposit for my apartment in London. IMO that's not a big sum. Even if the renter doesn't have that much money on their own, I expect them to be able to get it from their employer as salary advance. I wonder what's the quality of loan given to people (a) who don't have a couple of thousand quid ready cash (b) who can't get that kinda money from their employer, and (c) for whom an additional GBP 50 cost of loan becomes a deal-breaker.

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The dark side of fintech: BNPL’s negative impact on financial well being

Ketharaman Swaminathan

Ketharaman Swaminathan

Of course, finance providers are responsible for faults in their products, but I see no fault in BNPL products. Every ecommerce website references BNPL method of payment in one of the following ways which make it clear that it's meant to be repaid: "Pay in 5", "Pay in EMI", "Pay in Installments". Every BNPL contract I've seen clearly spells out repayment schedules.

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The dark side of fintech: BNPL’s negative impact on financial well being

Maysam Rizvi

Maysam Rizvi

Ketharaman, Lets agree to disagree. I feel sellers of products and services have a shared responsibility. Car manufaturers are responsible for faults in the vehicles, finance providers are similarly responsible. Thanks for amazing comments. I'm keen to hear other views as well. Do you agree or disagree.

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The dark side of fintech: BNPL’s negative impact on financial well being

Ketharaman Swaminathan

Ketharaman Swaminathan

"If you can't do the time, you shouldn't do the crime". Likewise, if you can't repay, you should not borrow. Period. That's the only point that matters. All else is diversion tactic. Grabbing BNPL when they got it and then conveniently claiming they didn't know it was a loan when they had to repay it is height of irresponsible consumer behavior that must be curbed immediately. Regulators have chosen wisely not to go after BNPL providers. Instead, they should go after BNPL borrowers and mete out harsh punishments if they fail to repay BNPL installments.

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Featured

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Singapore central bank pledges $150 million to support new fintech projects

Vanquis Banking Group acquires money saving app Snoop

Emea fintech takes biggest hit in funding downturn

Spanish banks form fraud fighting JV

The long read

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Nicola Anderson

How Scotland, the UK's second largest fintech cluster, is reshaping the digital economy

Nicola Anderson - CEO, Fintech Scotland

Elsewhere...

The long read

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Sanjib Kalita

Forget unicorns, are we entering the age of the centaur?

Sanjib Kalita