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Money20/20: Neobank dedicated to scientific research to launch this year

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Money20/20: Neobank dedicated to scientific research to launch this year

During Money20/20 in Amsterdam, Finextra caught up with Daniel Baeriswyl, CEO and founder of Science Card, a neobank that offers customers an online current account and the opportunity to make contributions to impactful peer-reviewed scientific research.

Argentinian fintech Uala launches savings account in Mexico

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Argentinian fintech Uala launches savings account in Mexico

Argentine mobile banking firm Uala is stepping up its presence in Mexico, launching a high-yield savings account weeks after securing a banking licence in the country.

Sam Altman's Worldcoin project raises $115m

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Sam Altman's Worldcoin project raises $115m

Sam Altman's Tools for Humanity has raised $115 million for Worldcoin, its effort to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned.

US Congress members demand PayPal end ban on Palestinian businesses

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US Congress members demand PayPal end ban on Palestinian businesses

Eleven members of US Congress have written a letter demanding that PayPal ends its ban of providing service to Palestinians.

LGBTQ+ banking startup Daylight shuts down

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LGBTQ+ banking startup Daylight shuts down

Daylight, a digital banking app built for America's LGBTQ+ community, is shutting down weeks after three former employees filed a lawsuit against the startup.

GoHenry’s co-founder & COO on keeping course under acquisition and expansion

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GoHenry’s co-founder & COO on keeping course under acquisition and expansion

Louise Hill, co-founder & COO of the children’s financial education app, GoHenry, recently sat down with Finextra to discuss developing financial resilience at a young age and their recent acquisition.

BofA launches fintech accelerator

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BofA launches fintech accelerator

Bank of America is launching a fintech accelerator that aims to attract entrepreneurs from underrepresented communities.

African fintech M-Kopa raises $250 million

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African fintech M-Kopa raises $250 million

African fintech M-Kopa has closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa.

Petal raises $35m; spins off B2B unit

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Petal raises $35m; spins off B2B unit

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has raised $35 million in funding and spun off is B2B-focused subsidiary Prism Data.

Paysend inks $30m media-for-equity deal with TelevisaUnivision

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Paysend inks $30m media-for-equity deal with TelevisaUnivision

UK card-to-card payments platform Paysend is targeting America's 60 million-strong Hispanic population after securing a partnership deal with Spanish-language content and media company, TelevisaUnivision.

Payments Canada Summit: Ghana's eCedi pilot

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Payments Canada Summit: Ghana's eCedi pilot

In 2022 Ghana began piloting a retail central bank digital currency, exploring both an online and an offline version of the so-called eCedi. The Bank of Ghana's Maxwell Opoku-Afari ran through the findings at last week's Payments Canada Summit.

NextGen Nordics: Fintech firms and banks are now frenemies

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NextGen Nordics: Fintech firms and banks are now frenemies

Returning to the stage, Gary Wright, head of research at Finextra, stated that in 2023, we must address the unpredictability, high cost, low speed, lack of information and transparency issues associated with current networks to bolster international trade and financial inclusion.

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