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🚀 𝗜𝗻 𝟮𝟬𝟮𝟯, 𝗧𝗵𝗲 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗧𝗶𝗺𝗲𝘀 𝗹𝗶𝘀𝘁𝗲𝗱 𝟰𝟱 𝗻𝗲𝗼𝗯𝗮𝗻𝗸𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 𝗮𝗻𝗱 𝗔𝗳𝗿𝗶𝗰𝗮 (𝗠𝗘𝗔) 𝗿𝗲𝗴𝗶𝗼𝗻!⁣ ⁣ Some of these include: 🇦🇪 Now Money, Rise, Yap (UAE) 🇪🇬 Dopay (Egypt) These neobanks work with traditional banks to offer fast and easy banking services by using banking licenses. 🏆 Saudi Arabia has been a leader, giving its first digital banking licenses in 2021. Now, in 2024, here’s a question: W𝘩𝘰’𝘴 𝘮𝘪𝘴𝘴𝘪𝘯𝘨 𝘧𝘳𝘰𝘮 𝘵𝘩𝘪𝘴 𝘭𝘪𝘴𝘵?⁣ ⁣ 👇 Share your thoughts below! Source: https://lnkd.in/gXG2N3pZ #Fintech #Finance #Payments #Visa #Mastercard #AmericanExpress #FinancialServices #payments #paytech #digitalpayments #banking #paytech #paymentservices #paymentsolutions #paymentindustry #bankingindustry #digitalbanking #Neobanks #Fintech #MiddleEast #Africa #DigitalBanking

As we dive into September, we're excited to bring you the latest developments from the fintech world. Here are the key updates from the first week of the month: 1️⃣ 𝗭𝗶𝗹𝗰𝗵 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗛𝗶𝘁𝘀 $𝟭𝟯𝟬𝗠 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗥𝘂𝗻 𝗥𝗮𝘁𝗲 Zilch has marked its first month of profitability and surpassed a $130 million revenue run rate just four years post-launch. The company also welcomed former Aviva CEO Mark Wilson to its Board, further strengthening its leadership team. With over 4 million customers, Zilch is redefining the payments and advertising landscape with its innovative model. 🔗https://lnkd.in/dae9NhfS 2️⃣ 𝗘𝗽𝗼𝗶𝗻𝘁 𝗥𝗲𝗰𝗲𝗶𝘃𝗲𝘀 𝗔𝘇𝗲𝗿𝗯𝗮𝗶𝗷𝗮𝗻’𝘀 𝗙𝗶𝗿𝘀𝘁 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗟𝗶𝗰𝗲𝗻𝘀𝗲⁣ ⁣Epoint.az has secured the first fintech license granted to a startup in Azerbaijan by the Central Bank. As a Technopark resident under the Innovation and Digital Development Agency (IDDA), Epoint is playing a pivotal role in advancing digitalization and innovation in the region. 🔗https://lnkd.in/dpBdX9Zp 3️⃣ W𝗮𝗿𝗯𝗮 𝗕𝗮𝗻𝗸 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗞𝘂𝘄𝗮𝗶𝘁’𝘀 𝗙𝗶𝗿𝘀𝘁 𝗔𝗜-𝗣𝗼𝘄𝗲𝗿𝗲𝗱 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗔𝗱𝘃𝗶𝘀𝗼𝗿⁣ ⁣Warba Bank has unveiled Kuwait's first AI-driven personal banking advisor, part of its digital transformation strategy. This new service offers real-time, interactive recommendations, enhancing customer experience without branch visits. 🔗https://lnkd.in/diWqudmx 4️⃣ 𝗘𝗴𝘆𝗽𝘁 𝗦𝗲𝘁 𝘁𝗼 𝗟𝗮𝘂𝗻𝗰𝗵 𝗜𝘁𝘀 𝗙𝗶𝗿𝘀𝘁 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗕𝗮𝗻𝗸 𝗯𝘆 𝗤𝟰 𝟮𝟬𝟮𝟰⁣ ⁣The Information and Decision Support Center (IDSC) of the Egyptian Cabinet has announced that Egypt will launch its first digital bank in Q4 2024, following initial approval from the Central Bank of Egypt (CBE) for Egypt Digital Innovation Company, a Banque Misr subsidiary. The final launch will occur after completing the second phase of the licensing process. 🔗https://lnkd.in/ddpn-jBQ 5️⃣ 𝗞𝘂𝗮𝗱𝘆 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗶𝗻𝘁𝗼 𝗔𝗿𝗴𝗲𝗻𝘁𝗶𝗻𝗮 𝘄𝗶𝘁𝗵 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 W𝗮𝗹𝗹𝗲𝘁 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀⁣ ⁣Open Payment Technologies Ltd's Kuady is now expanding its digital wallet services to Argentina, enhancing financial inclusion across Latin America. CEO Lorenzo Pellegrino highlighted this expansion as a significant step in their mission to drive global financial innovation. 🔗https://lnkd.in/e3Tt5kN2 📖 For more insights, be sure to explore the full articles linked above. Stay tuned for more fintech updates!

𝗛𝗼𝘄 𝗗𝗼𝗲𝘀 𝗣𝘂𝘀𝗵 𝘁𝗼 𝗖𝗮𝗿𝗱 W𝗼𝗿𝗸?⁣ ⁣ 🔹 𝗦𝘁𝗮𝗿𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁: The company that needs to send money (like an employer, a payment platform, or a remittance app) starts the transaction. 🔹 𝗦𝗲𝗻𝗱𝗶𝗻𝗴 𝘁𝗼 𝘁𝗵𝗲 𝗖𝗮𝗿𝗱: Instead of sending money to a bank account through a traditional transfer, the company sends the funds directly to the recipient’s card number. 🔹 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴 𝗶𝗻 𝗥𝗲𝗮𝗹-𝗧𝗶𝗺𝗲: The money is processed through card networks (like Visa or Mastercard) and is usually added to the recipient's card within minutes. 𝗛𝗼𝘄 𝗜𝘀 𝗣𝘂𝘀𝗵 𝘁𝗼 𝗖𝗮𝗿𝗱 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗳𝗿𝗼𝗺 𝗥𝗲𝗴𝘂𝗹𝗮𝗿 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀?⁣ ⁣ ⁣ 🔹 𝗦𝗽𝗲𝗲𝗱:⁣ One of the biggest differences is speed. Push to Card payments are often almost instant, while traditional bank transfers can take several hours or even days. 🔹 W𝗵𝗲𝗿𝗲 𝘁𝗵𝗲 𝗠𝗼𝗻𝗲𝘆 𝗚𝗼𝗲𝘀:⁣ With regular payments, money usually goes into a bank account. With Push to Card, the money goes directly to a debit or credit card, so the recipient can access the funds immediately through ATMs or for purchases. 🔹 𝗦𝗶𝗺𝗽𝗹𝗶𝗰𝗶𝘁𝘆: Push to Card doesn’t require the recipient to provide full bank account details—just the card number, making the process easier. 🔹 W𝗵𝗲𝗻 𝘁𝗼 𝗨𝘀𝗲 𝗜𝘁: This method is especially useful for emergency payments, quick refunds, person-to-person (P2P) transfers, or payments to temporary workers and freelancers. In summary, Push to Card is a faster and more convenient way to send money directly to debit or credit cards. It stands out from regular payments because of its speed, simplicity, and flexibility in accessing funds. 👉 Sources: Hua Li & J.P. Morgan Payments Docs https://lnkd.in/dREXT9wN #Fintech #Finance #Payments #Visa #Mastercard #FinancialServices #DigitalPayments #Banking #PaymentSolutions #DigitalBanking #TechNews

𝗛𝗼𝘄 𝗔𝗣𝗜𝘀 𝗔𝗿𝗲 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 👇 ⁣ ⁣ APIs are playing a huge role in changing how the financial industry works. Here’s how they are making a difference: 1️⃣ 𝗢𝗽𝗲𝗻 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 & 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗚𝗿𝗼𝘄𝘁𝗵⁣ ⁣ 2️⃣ 𝗕𝗲𝘁𝘁𝗲𝗿 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲⁣ ⁣ 3️⃣ 𝗙𝗮𝘀𝘁𝗲𝗿 & 𝗦𝗮𝗳𝗲𝗿 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀⁣ ⁣ 4️⃣ 𝗡𝗲𝘄 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀⁣ ⁣ 5️⃣ 𝗘𝗮𝘀𝗶𝗲𝗿 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 & 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁⁣ ⁣ 6️⃣ 𝗣𝗿𝗼𝗺𝗼𝘁𝗶𝗻𝗴 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻⁣ 👉 W𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲?⁣ Read our latest newsletter to dive deeper into how APIs are transforming finance. #fintech #payment #paymentfraud #machinelearning #finance #fintechnews #financenews #financialtechnology #openfinance #paytech #fraudprevention #transactionenrichment #API #financialsecurity #fintechproducts

The financial sector is fastly evolving with advanced 3rd-party services that enhance transaction data management. In this context, enrichment APIs are playing a crucial role in how financial institutions manage and present transaction details. For example, APIs like ours can provide 👇 ▪️ Clean Name & Brand Logo for clearer merchant identification ▪️ Contact Details embedded within transaction records ▪️ Fraud Detection to identify potentially suspicious activities ▪️ Carbon Footprint tracking to support sustainability ▪️ Subscription Management for easier handling of recurring payments 𝗞𝗲𝘆 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗜𝗻𝗰𝗹𝘂𝗱𝗲:⁣ ⁣ ✅ Regulatory Compliance with Mastercard’s AN 4569 standards ✅ Reduced Chargebacks and disputes ✅ Enhanced User Engagement and satisfaction ✅ Decreased Customer Support needs ✅ Valuable Spending Insights for more informed decisions 💡 Read how our solution helps financial institutions optimize transaction data management. For more information, contact us.

𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝘁𝗵𝗲 𝘁𝗼𝗽 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 ➡️⁣ ⁣ ⁣ 1️⃣ 𝗠𝗼𝗻𝘇𝗼 𝗿𝗲𝗮𝗰𝗵𝗲𝘀 𝟭𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀⁣ The digital bank now serves over 10 million personal customers (1 in 5 UK adults) and has 450,000 business customers. A huge step forward for Monzo Bank! 🔗 https://lnkd.in/ds-sB-YW 2️⃣ 𝗥𝗔𝗞𝗕𝗔𝗡𝗞 𝗽𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝗕𝗶𝘁𝗽𝗮𝗻𝗱𝗮 𝘁𝗼 𝗼𝗳𝗳𝗲𝗿 𝗰𝗿𝘆𝗽𝘁𝗼 𝘁𝗼 𝗨𝗔𝗘 𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁𝘀⁣ ⁣RAKBANK partners with Bitpanda to offer crypto to UAE residents Once approved, UAE residents will be able to manage their crypto holdings and use digital assets for payments, thanks to this new partnership. 🔗 https://lnkd.in/dxaTiGjN 3️⃣ 𝗬𝘂𝘇𝗲, 𝗮 𝗨𝗔𝗘-𝗯𝗮𝘀𝗲𝗱 𝗳𝗶𝗻𝘁𝗲𝗰𝗵, 𝗿𝗮𝗶𝘀𝗲𝘀 $𝟯𝟬𝗠⁣ ⁣Yuze aims to reach a million small businesses and freelancers in the next five years. They’re focused on breaking down obstacles to financial services. 🔗 https://lnkd.in/dazF56iR 4️⃣ 𝗞𝗲𝗮𝗯𝗮𝗻𝗸 𝘃𝗮𝗹𝘂𝗲𝗱 𝗮𝘁 €𝟭𝟬.𝟱𝗠 𝗮𝗳𝘁𝗲𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁⁣ ⁣Led by investor Mark Carnegie, Keabank offers banking services, crypto exchanges, and more, aimed at both corporate and individual clients. 🔗 https://lnkd.in/eXD8XheF 5️⃣ 𝗦𝘄𝗶𝘀𝘀 𝗯𝗮𝗻𝗸𝘀 𝗶𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲 𝗶𝗻𝘀𝘁𝗮𝗻𝘁 𝗽𝗮𝘆𝗺𝗲𝗻𝘁𝘀⁣ ⁣Instant payments are live in Switzerland, and by 2026, all banks will offer them. This move is expected to boost innovation in cashless payments. 🔗 https://lnkd.in/dGdxmciQ 📖 For more details, be sure to check out the full articles from these sources. Stay tuned for more updates! #Fintech #Innovation #Finance #Blockchain #PaymentSolutions #TechNews #FintechNews #Payments

𝗘𝘂𝗿𝗼𝗽𝗲’𝘀 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗕𝗮𝗻𝗸𝘀: W𝗵𝗼’𝘀 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝗮𝘀𝘁𝗲𝘀𝘁?⁣ 👇 ⁣ Digital banking in Europe is growing super fast, with some banks leading the way! We just took a deep dive into the top 5 digital banks that are seeing the biggest growth this year. Here's a quick look: ⚫ kompasbank – 442% growth ⚫ bunq – 181% growth ⚫ Monzo Bank – 147% growth ⚫ Allica Bank – 141% growth ⚫ Atom bank – 112% growth What’s helping them grow? Things like better services for businesses, cool new features, and expanding into different countries. These banks are changing the game in Europe’s banking world. Want to learn more? Check out C-Innovation’s analysis and explore the strategies driving their success. https://lnkd.in/ecQSKRxC

𝗠𝗮𝘀𝘁𝗲𝗿𝗰𝗮𝗿𝗱 🆚 𝗩𝗶𝘀𝗮 🆚 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗘𝘅𝗽𝗿𝗲𝘀𝘀⁣ ⁣ Curious how the big players in the payments industry are stacking up? Here’s a quick comparison of Visa, Mastercard, and American Express based on their latest quarterly reports: 𝗩𝗶𝘀𝗮 reported solid growth in Q2 FY24 (ending March 2024), with key highlights: ◾ Payments Volume: Up 8% Y/Y ◾ Net Revenue: Up 10% Y/Y to $8.8 billion (beating estimates by $0.2 billion) ◾ Non-GAAP EPS: Up 20% Y/Y to $2.51 ($0.08 beat) ------ 𝗠𝗮𝘀𝘁𝗲𝗿𝗰𝗮𝗿𝗱 continued its growth trajectory in Q1 2024, showcasing resilience: ◾ Gross Dollar Volume: Up 10% Y/Y ◾ Net Revenue: Up 10% Y/Y to $6.3 billion (beating estimates by $10 million) ◾ Non-GAAP EPS: $3.31 ($0.07 beat) ------ 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗘𝘅𝗽𝗿𝗲𝘀𝘀 continues to thrive with a premium focus in Q1 2024: ◾ Revenue: Up 11% to $15.8 billion (in-line with expectations) ◾ EPS: Up 39% Y/Y to $3.33 ($0.37 beat) For more in-depth insights and stats, check out the full article from App Economy Insights: https://lnkd.in/dJ4bSrtg #Fintech #Finance #Payments #Visa #Mastercard #AmericanExpress #FinancialServices #payments #paytech #digitalpayments #banking #paytech #paymentservices #paymentsolutions #paymentindustry #bankingindustry #digitalbanking #UKFinance #DataSecurity #Fintech #Startups #InvestmentTrends #TechNews

𝗛𝗲𝗿𝗲’𝘀 𝗮 𝗿𝗼𝘂𝗻𝗱𝘂𝗽 𝗼𝗳 𝘁𝗵𝗲 𝗹𝗮𝘁𝗲𝘀𝘁 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗺𝗮𝗸𝗶𝗻𝗴 𝘄𝗮𝘃𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸 ➡️⁣ ⁣ 1️⃣ 𝗡𝗲𝗼𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗭𝗼𝗹𝘃𝗲 𝘁𝗼 𝗥𝗮𝗶𝘀𝗲 $𝟮𝟱 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝗳𝗿𝗼𝗺 𝗖𝗿𝗲𝗮𝗲𝗴𝗶𝘀⁣ ⁣Zolve, a cross-border neobanking innovator, is set to raise $25 million in a new funding round led by Creaegis, valuing the company between $330-360 million. This follows a $100 million debt facility secured in October 2023. 🔗 https://lnkd.in/dQJqHMAD 2️⃣ 𝗖𝗿𝗼𝗻𝗼𝘀 (𝗖𝗥𝗢) 𝗮𝗻𝗱 𝗥𝗲𝘃𝗼𝗹𝘂𝘁 𝗟𝗮𝘂𝗻𝗰𝗵 𝗖𝗿𝘆𝗽𝘁𝗼 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗖𝗼𝘂𝗿𝘀𝗲⁣ ⁣Cronos and Revolut have teamed up to offer a new crypto education course via the Revolut app. The course covers Cronos, DeFi, and Web3 gaming with interactive quizzes, accessible to over 35 million users. 🔗 https://lnkd.in/dkxyjfXi 3️⃣ 𝗠𝗮𝗻𝘀𝗮 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗧𝗿𝗮𝗱𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗖𝗿𝗼𝘀𝘀-𝗕𝗼𝗿𝗱𝗲𝗿 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁𝘀⁣ Mansa has launched new liquidity pools on Base, an Ethereum-equivalent L2 blockchain by Coinbase. This initiative aims to democratize financing for African businesses and support their global expansion. 🔗 https://lnkd.in/dSVUe3MT 4️⃣ 𝗖𝗼𝗹𝗼𝗺𝗯𝗶𝗮𝗻 𝗣𝗮𝘆𝘁𝗲𝗰𝗵 𝗭𝘂𝗹𝘂 𝗛𝗶𝘁𝘀 𝟰𝟬𝟬 𝗖𝗹𝗶𝗲𝗻𝘁𝘀 𝗶𝗻 𝗢𝘃𝗲𝗿 𝟱𝟬 𝗖𝗼𝘂𝗻𝘁𝗿𝗶𝗲𝘀⁣ zulu, founded in 2021, assists SMEs with international payments at no cost. With 400 clients across 50+ countries, Zulu is driving global growth and enhancing competitiveness for businesses new to exporting or importing. 🔗 https://lnkd.in/gsQacKaC 5️⃣ 𝗘𝗴𝘆𝗽𝘁𝗶𝗮𝗻 𝗟𝗲𝗻𝗱𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁𝗽𝗹𝗮𝗰𝗲 𝗤𝗮𝗿𝗱𝘆 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 𝗣𝗿𝗲-𝗦𝗲𝗲𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁⁣ Qardy, which supports MSMEs with financial programs, has gained over 6,000 clients and executed over $12 million in loans since its soft launch. The pre-seed investment will fuel its expansion in KSA and beyond. 🔗 https://lnkd.in/dmuSrvQZ 📖 For more details, be sure to check out the full articles from these sources. Stay tuned for more updates! #Fintech #Innovation #Finance #Blockchain #PaymentSolutions #TechNews #FintechNews #Payments

🚀 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗶𝗻 𝟮𝟬𝟮𝟯⁣ ⁣ As we approach the final months of 2024, it's time to look back at the important trends in fintech last year. 📉 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗗𝗲𝗰𝗹𝗶𝗻𝗲𝘀: 𝗔 𝗧𝗼𝘂𝗴𝗵 𝗬𝗲𝗮𝗿 𝗳𝗼𝗿 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗮𝗻𝗱 𝗕𝗲𝘆𝗼𝗻𝗱⁣ ⁣ In 2023, payment startups had a tough year, attracting $4.9 billion—a big 64% drop from 2022. Overall, VC investment in fintech startups reached $42 billion, which is 63% less than the previous year. 🌍 𝗚𝗲𝗼𝗴𝗿𝗮𝗽𝗵𝗶𝗰 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀⁣ ⁣ ⁣The US and Europe had different levels of impact in 2023. The US showed more strength with a 45% decrease in fintech investments, while Europe had a bigger decline of 66%. 🌱 𝗦𝗲𝗲𝗱 𝗮𝗻𝗱 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔⁣ ⁣ Early-stage investments, like Seed and Series A rounds, did better than later stages. Even though they were down 60% from the 2022 peak, they showed more stability compared to larger funding rounds. What do you think will happen in 2024? Share your thoughts in the comments! For a detailed analysis, check out the full report from Dealroom.co👇 🔗 https://lnkd.in/gJXigyYa