“Because of the more challenging investment environment, investors are becoming more selective and investing in companies that are past the ideation stage,” said Lawrence Loh, a professor at the National University of Singapore Business School. Who is Truong My Lan? From market stall to Vietnam’s biggest fraud case Singapore – home to about 4,000 tech
Brazilian FinTech firms are reportedly grappling with a surge in loan defaults, leading to a crisis in the asset-backed credit market. The delinquency rates on unsecured loans offered by companies like Open Co, Nexoos and Gyra+ have exceeded 60%, prompting measures such as mergers, downsizing expansion plans and asset sales, Bloomberg reported Monday (March 27).
Social media platforms like TikTok have transformed into vital sources of financial information, particularly for millennials and Gen Zs, with nearly 80% of these demographics seeking advice through these channels. This shift toward these platforms has democratized access to financial knowledge, breaking down traditional barriers and fostering inclusivity. However, the rise of “finfluencers” — popular yet potentially unqualified individuals
Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023. The investment will be distributed across various business areas, including warehouse expansion, logistics network enhancement, loan increases, salary payments, and marketing and technology investments, Bloomberg reported
Coinbase , one of the hottest stocks of the past year, still has room to run, according to some analysts. The trading platform’s shares continue to ride the wave of enthusiasm over financial advisors and institutions’ growing adoption of Bitcoin and other cryptocurrencies. Coinbase Global stock has been one of the top performers of the
The world of cryptocurrency is grappling with considerable challenges following its tumultuous boom and subsequent decline, which garnered significant media attention. The process of mainstream integration has been uneven, partly due to the difficulty in securing regulatory approval. The risk of theft – whether via hacking or other means – poses a considerable barrier in
Revolut has launched a new feature to let users buy and deposit crypto into their MetaMask wallets. The move comes as Wall Street giants and fintech firms increasingly move into crypto. Revolut is diving deeper into crypto with a new MetaMask collaboration in a bid to give more people access to digital assets. The challenger
The second part of the research looked at geographic diversification and the performance of funds investing globally, versus those specialized in North America, Asia, Europe, or the rest of the world. The results showed that global funds outperform North American funds – historically, the number one geography for VC – with 11.5% versus 10.2 %
intech has revolutionized the way we manage money, access credit and invest. In Indonesia, where the fintech landscape is rapidly evolving, one critical area of focus is student loans. As students seek affordable financing for their education, fintech platforms have stepped in to address this need. However, this intersection of education and finance presents a
UK-based fintech Phoebus has launched a cloud-native SaaS mortgage servicing platform, following investments in new technology. The investment brings new capabilities to Phoebus’ technology, taking mortgage servicing to the next level. The company has transformed how the system can service all types of lending as well as savings and deposit-taking. Enhanced security, integration, and