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Dubbed the Silicon Savannah, due to its fast-growing technology ecosystem Kenya remains a country to watch as it grows to be a regional powerhouse in the technology sector. Kenya is also home to MPESA, one of Africa’s most popular mobile banking tools which was started over a decade ago. In a recent article by Africa Legal, our TMT partners Catherine Kariuki Mulika and Janet Othero share that there are many other new developments on the horizon. Read the full article here https://lnkd.in/dB8Gt6JD #SeeBeyond #TMT #Fintech

We are thrilled to announce that Fintech Moldova became a Partner of the Baltic Payment Forum in Vilnius on April 9. We express special gratitude to Stefan Nistor, President of Fintech Moldova for cooperation and support of our event and development of international networking for fintech companies. Fintech Moldova is an initiative that aims to be at the forefront of the Fintech Ecosystem in Moldova by working together with potential stakeholders into developing the ecosystem through various initiatives. Fintech Moldova focuses on 5 fundamental components: 1. Education, Capacity Building, Innovation, and Entrepreneurship 2. Cross-Industry Collaboration 3. Financial Inclusion and Literacy 4. International Relationships and access to Foreign Markets 5. Regulatory Framework and Advocacy More details at https://fintech.md/

We are excited to announce a new partnership between Fintech Hub LT and Fintech Latvia Association ! 🤝   This collaboration expands our network and enhances our ability to deliver better service and connectivity to the businesses we represent. With a shared focus on fostering sustainable growth and advancing responsible practices that benefit consumers and earn the trust of regulators, we are committed to driving innovation, forging impactful collaborations, and strengthening the FinTech community across Latvia, Lithuania, and beyond. Looking forward to the great things we’ll achieve together! 🚀 The aim of the Fintech Latvia Association is to unite the providers of financial services of the fintech sector in order to ensure the representation and implementation of their interests at the national and international level, promoting sustainable development and growth of the Latvian financial sector. The mission of the Association is to develop reliable, responsible and long-term industry practices that are positively assessed by consumers and market supervision authorities, while respecting the growth opportunities offered by financial technology companies and non-banking service providers. #Partnership #FinTech

🌍 Exciting news from INFOBALT committee Fintech Lithuania! 🌍 ✈️ We’re thrilled to announce the "BUSINESS MISSION TO THE USA" as part of our initiative to promote the export competitiveness of “Fintech Lithuania”. This mission is set to include seven Fintech sector representatives who will participate in Money20/20 Las Vegas 2024, one of the world’s most significant events for financial services and Fintech. Taking place annually in Las Vegas, Money 20/20 serves as a premier platform for networking and exploring the latest innovations, trends, and solutions in payments, banking, and financial technologies. Additionally, we’ll be hosting B2B meetings and a networking event in New York, the global financial capital, to further expand collaboration and growth opportunities. This mission offers a unique chance for Lithuanian companies to showcase their innovations, strengthen international partnerships, and boost their presence in global markets. We’re looking forward to driving Fintech growth and expanding Lithuania’s global footprint!🚀 A special thanks to the Government of the Republic of Lithuania for co-financing this project. 🤝 #INFOBALT #Fintech #Lithuania #BusinessMission #Money2020 #GlobalPartnerships #Networking #Innovation #ExportGrowth

#Fintech Hub LT in the latest Fintech News Baltic article - What was 2023 like for Lithuanian fintech companies and what to expect in 2024? Some of the key highlights:   🌍 Global Impact: #Lithuanian fintech companies provided payment services to 27 million customers across the EU in 2023, making a significant impact on the international financial scene.   💡 Innovation & Growth: The sector's revenues saw substantial growth, reaching EUR 227 million in the first half of 2023, and the amount of payment transactions more than doubled to EUR 221 billion. This trend indicates the continuous success and growth of fintech in Lithuania.   🌟 2024: a Milestone Year: With the Ministry of Finance approving guidelines for the development of the Lithuanian fintech sector for 2023–2028, 2024 is set to be a milestone year. The goal is to establish Lithuania as an internationally recognized high-value-added European fintech hub.   As Lithuania's fintech sector envisions its promising future in 2024, the collaborative spirit of co-creation will continue to drive innovation, fostering growth and excellence.   More 👇   #LithuaniaCoCreate #CoCreateSolutions #FintechHubLT #innovation

🌐 Lithuania aims to become a global fintech hub by 2028.   The Emerging Europe article highlighted we are on the right path. 🔹 Ranking first in the EU for licensed fintech firms. 🔹 Strong talent pool. 🔹 Among the 10 lowest-risk jurisdictions globally.   Despite being small, Lithuania leverages unique advantages to drive fintech success: 🔹 Licensing procedures 2-3 times faster than other EU jurisdictions. 🔹 Newcomer Programme for guidance from state authorities and the Bank of Lithuania. 🔹 2,000 IT graduates and 2,500 retrained/upskilled IT specialists annually.   Can Lithuania achieve its goal by 2028? ⤵️   #Fintech #Lithuania #Innovation

Some key highlights from the latest Fintech News Baltic article with Fintech Hub LT on what 2023 was like for Lithuanian fintech companies and what to expect in 2024: 🌍 Global Impact: Lithuanian fintech companies provided payment services to 27 million customers across the EU in 2023, making a significant impact on the international financial scene. 💡 Innovation & Growth: The sector's revenues saw substantial growth, reaching EUR 227 million in the first half of 2023, and the amount of payment transactions more than doubled (EUR 221 billion). This trend indicates the continuous success and growth of fintech in Lithuania. 🌟 2024: a Milestone Year: With the Ministry of Finance approving guidelines for the development of the Lithuanian fintech sector for 2023–2028, 2024 is set to be a milestone year. The goal is to establish Lithuania as an internationally recognized high-value-added European fintech hub. Read the full article via the link in the comments 👇 #LithuaniaCoCreate #CoCreateSolutions #FintechHubLT #Fintech

Smart Regulation: A Catalyst for Inclusive Growth in Africa’s Fintech Ecosystem – Dr. Aminu Maida Dr. Aminu Maida, Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), delivered a keynote address on the second day of the Nigeria Fintech week, on the topic, "The Role of Smart Regulation in Positioning Africa's Fintech Ecosystem to Accelerate Inclusive Growth," In his presentation, Dr. Maida defined smart regulations as crucial enablers of innovation, driving economic opportunities while ensuring consumer protection. He highlighted that the NCC aims to strike a balance between promoting innovation and safeguarding consumers. Read more👇 #NCC #NFW24 #Nigeriafintechweek #fintech #regulation

What was 2023 like for #Lithuanian 🇱🇹 #fintech companies and what to expect in 2024? 🤔 🌍 Global Impact: Lithuanian fintech companies provided payment services to 27 million customers across the EU in 2023, making a significant impact on the international financial scene.   💡 Innovation & Growth: The sector's revenues saw substantial growth, reaching EUR 227 million in the first half of 2023, and the amount of payment transactions more than doubled to EUR 221 billion. This trend indicates the continuous success and growth of fintech in Lithuania.   🌟 2024: a Milestone Year: With the Ministry of Finance approving guidelines for the development of the Lithuanian fintech sector for 2023–2028, 2024 is set to be a milestone year. The goal is to establish Lithuania as an internationally recognized high-value-added European fintech hub.   As Lithuania's fintech sector envisions its promising future in 2024, the collaborative spirit of co-creation will continue to drive innovation, fostering growth and excellence 🎉💻   More about Lithuanian fintech's achievements and future 🔗 https://lnkd.in/evudamVq   #LithuaniaCoCreate #CoCreateSolutions #FintechHubLT

Lithuanian Fintech kevin. faces new client freeze. Lietuvos bankas | Bank of Lithuania has directed kevin. to refrain from offering payment services to new clients until it meets specific reporting requirements. Apparently, kevin. failed to submit its financial reports on time, raising concerns from regulators about the company's financial health. The Bank of Lithuania has appointed an auditor to oversee Kevin and ensure timely submission of 2023 financials by August 30th 2024. ️To ensure the financial transparency, the Lietuvos bankas | Bank of Lithuania has appointed auditing company Valentas as a supervisor. It’s disappointing to see the company in such a difficult situation, especially considering it had raised a $65 million Series A (2021) from investors Accel and Eurazeo, hired over 300 employees across the continent, and was on a tried-and-true path to unicorn status. #Lithuania #Fintech #kevin #BankOfLithuania #RegulatoryCompliance #FinancialHealth #UnicornStatus #TechNews #StartupChallenges