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Beacon raises C$5.25m for super-app targeting Canada's immigrants

Beacon, a new solution built to facilitate smooth transitions for immigrants relocating to Canada, has completed a CAD $5.25 million seed round and officially launched in the Canadian market.

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Majority raises $20m for migrant banking platform

Majority, the platform offering mobile banking, international services and more to migrants in the US, today announced $20M in funding after a year of record growth, despite the tumultuous fintech market.

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JPMorgan Chase to allocate £40 million into funding underserved communities in the UK

Today JPMorgan Chase expanded its commitment to the United Kingdom by announcing £40 million in new investments over five years to help connect young people and underserved communities to economic opportunities – bringing the firm’s total commitment since 2019 to £90 million.

/inclusion

SYKON Capital partners with My First Nest Egg for financial literacy programs

SYKON Capital, a leading wealth and investment management firm, is proud to announce its partnership with My First Nest Egg, a renowned provider of financial education curriculum. This collaboration aims to bring comprehensive financial literacy programs to our local communities, helping empower individuals to make informed financial decisions and help secure their futures.

/inclusion

Mastercard collaborates with embedded finance platform ABHI in the UAE

Mastercard has collaborated with ABHI, an embedded finance platform backed by Hub71, to strengthen financial payments landscape across the UAE.

/inclusion

PayJoy launches card to help users build credit

PayJoy, the leading lender to the underserved in emerging markets, today announces the launch of the PayJoy Card, offering a new way for borrowers to access affordable credit.

/inclusion

Paymentology and Diamond Trust Bank drive embedded finance in Kenya

Paymentology, the leading global issuer-processor, today announces its strategic partnership with Diamond Trust Bank (DTB), a tier one East African commercial banking franchise.

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Mastercard to drive financial inclusion in Bahrain in collaboration with The Benefit Company

Mastercard has signed a memorandum of understanding (MoU) with The BENEFIT Company (BENEFIT), leading fintech company in Bahrain, and the national electronic payment infrastructure operator, to explore opportunities for collaboration in driving innovation and financial inclusion in the country’s dynamic payments ecosystem.

/inclusion

LemFi enable payment transfer services to India

LemFi, a leading fintech platform transforming financial services for immigrants, today announced that its international payment services are now available from Canada and the United Kingdom to India and will be available from the US to India later this year.

/inclusion

Nova Credit allies with Nottingham Building Society to offer mortgages for foreign nationals in UK

Nottingham Building Society and Nova Credit, the world’s only cross-border credit bureau, have agreed a partnership that will enable foreign nationals in the UK to access and leverage their overseas credit history when applying for mortgage finance to buy a home in the UK.

/inclusion

Philippines gets first Mojaloop-enabled inclusive instant payment system

Talino Venture Studios, an award-winning global venture studio for sustainable innovation, and Chemonics International, a leading sustainable development firm, have launched and seed-funded Higala, the pioneer startup Inclusive Instant Payment System (IIPS) in the Philippines.

/inclusion

Episode Six and Loop bring Fintech-as-a-Service to Saudi Arabia

Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, has today announced a partnership with Loop, a major e-Money institution (EMI), to power its Fintech-as-a-Service offering in the Kingdom of Saudi Arabia (KSA).

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