Thunes’ Post

Flutterwave Prepares for IPO with Leadership Changes Corporate Overhaul at Flutterwave a Prelude to Public Debut, CEO Affirms Amid speculation surrounding its readiness for an Initial Public Offering (IPO), Flutterwave, Africa's leading fintech, undergoes a strategic corporate revamp. Despite these exits, including the CFO, Flutterwave has been reinforcing its leadership by hiring executives from major companies like Stripe, PayPal, and American Express. The company faces challenges such as legal issues and fraud attacks but continues to strengthen its regulatory compliance and investor confidence. Backed by prominent investors like Tiger Global and Softbank, Flutterwave has facilitated online payments across 30 countries since 2016, serving both local and global brands. #Flutterwave #Fintech #IPO #CorporateGovernance #AfricaTech #InvestorConfidence #LeadershipRevamp

Jack Ma and the Zobel de Ayala family celebrate a major milestone with Mynt’s $5 billion valuation for GCash, the leading e-wallet service in the Philippines! - 🌟 GCash reaches over 90 million users, covering about 75% of the Philippine population. - 🚀 Mynt, founded in 2015, continues its impressive growth trajectory. - 💼 Ant Group, backed by Jack Ma, and the Zobel de Ayala family's firms are the driving forces behind Mynt. - 💰 Ant Group's stake in Mynt is now valued at $1.2 billion. #fintech #businessgrowth #ecommerce - 📊 Mynt's valuation highlights the growing importance of digital financial services. - 🌐 GCash plays a crucial role in financial inclusion in the Philippines. - 📅 Founded less than a decade ago, Mynt's rapid growth exemplifies the potential of fintech. - 🏆 The collaboration between international and local companies drives innovation in the region. - 🌟 Mynt's success story inspires other startups in Southeast Asia. https://lnkd.in/gX4MZF7Z

We are thrilled to announce a $22 million Series B extension round - taking Paymob’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Our existing investors PayPal Ventures, British International Investment, FMO - Dutch entrepreneurial development bank, A15, Nclude and Helios Digital Ventures all participated in the round, reaffirming their endorsement of our business model, strategy and leadership in the regional fintech sector.  We take pride in the payments infrastructure we are building to enable #SMEs to thrive in the digital economy. As we expand our leadership in #Egypt and accelerate growth across the #GCC, we look forward to the exciting opportunities ahead! Read about our funding news in TechCrunch here: https://lnkd.in/dRRpdbUd Islam Shawky I Alain El Hajj I Mostafa Menessy I Mohamed Marwan I Gillan Shaaban I Noha Sharaf #SeriesB #Fintech #MENA #DigitalPayments

We are thrilled to announce a $22 million Series B extension round - taking Paymob’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Our existing investors PayPal Ventures, British International Investment, FMO - Dutch entrepreneurial development bank, A15, Nclude and Helios Digital Ventures all participated in the round, reaffirming their endorsement of our business model, strategy and leadership in the regional fintech sector.  We take pride in the payments infrastructure we are building to enable #SMEs to thrive in the digital economy. As we expand our leadership in #Egypt and accelerate growth across the #GCC, we look forward to the exciting opportunities ahead! Read about our funding news in TechCrunch here: https://lnkd.in/dRRpdbUd Islam Shawky I Alain El Hajj I Mostafa Menessy I Mohamed Marwan I Gillan Shaaban I Noha Sharaf #SeriesB #Fintech #MENA #Digita

🎉 Why Am I So Excited? Let Me Share! 🎉 As I step into the role of Chairman at SkiTech, I am already counting down the days! Why? Because SkiTech represents the best of the FinTech world—where innovation meets heart, where groundbreaking ideas are as common as the snowflakes in Telluride, and where the future of payments is not just discussed, but shaped. SkiTech is more than an event; it's a confluence of the most innovative minds in FinTech, all of whom are not only leaders in their field but also genuinely good human beings. We're talking about a gathering that has birthed legendary deals and partnerships, set against the magical backdrop of Telluride, Colorado, with both fresh powder and amazing views. SkiTech is also synonymous with a bit of fun—broom-ball on ice, dodgeball, and the ever-popular closing night shot-skis are just a glimpse of what makes this conference unlike any other. This year is even more special, as we celebrate the 10th anniversary of SkiTech. We're going BIG, promising an unforgettable blend of content, networking opportunities, and, of course, the social activities that have become a hallmark of SkiTech. 🚀 #SkiTech2024 #FinTechInnovation #Telluride #BuildingTheFuture 🚀

Last week, Europe witnessed a financial fiesta with a whopping €182.5 million raised across 9 FinTech deals. Germany led the charge with five, while the UK, Belgium, Switzerland, and Sweden each added their unique fintech flavor to the mix. Let's get the week started with a “fantastic” update! 🚀💰 Congratulations to FINN, the German fintech specializing in short & mid-term car leasing, who has successfully raised €100 million in a Series C funding round led by Planet First Partners. Well done also to UK-based ZILO™, offering a global asset and wealth management software for having secured €29m led by FISV. Finally, we want to congratulate Finoa, the German institutional custody and brokerage provider for digital assets, for successfully raising €13.7m from Maven 11 Capital and others. Read the complete overview article by BlackFin Tech for more info: https://lnkd.in/e2BJ5Axx #fintech #fintechindustry #financialtechnology #fintechstartups #vcfunding #fintechnews

🚀 Credlix Expands to Meet US Demand for Imports with $50M Investment from Moglix! 🌍   We’re excited to announce that Credlix is featured in AP News as we expand into Mexico, backed by a $50 million investment from Moglix. This expansion helps exporters in developing markets meet rising US demand by providing swift, collateral-free financing, covering up to 90% of invoice value upon shipment.   “Our expansion supports exporters in overcoming financial barriers to serve US buyers,” says Yash Mahendra Market Leader at Credlix Credlix Mexico   👉 Read the full article: https://lnkd.in/gzaWfEZK Rahul Garg Rishabh Agrawal Pramit Joshi Yash Mahendra Manasvi Goyal Nishant Bhaskar Mishra Archit Agrawal Vishal Gupta Suparna Thakur Parkavi Moorthy Prashant Purohit Sahil Bajaj Mayank Bothra Genette H. Credlix Mexico Subhra Jyoti Duarah Sugandha Grover Rahul Kumar Akshay Kapoor Mohit Maurya #Credlix #APNews #GlobalExpansion #SupplyChainFinance #Moglix #USImports #ExportFactoring #MexicoExpansion

Credlix is making waves in the global supply chain finance scene! We've recently expanded our operations into Mexico, backed by a $50 million investment from Moglix, Asia's B2B e-commerce brand. This move aims to provide small and medium-sized enterprises (SMEs) with swift, collateral-free financing solutions to tackle working capital challenges and fuel business growth. This strategic move is expected to enhance trade between developing markets and the US, offering American businesses a more resilient supply chain, diversified sourcing, and faster access to quality goods. Credlix's expansion into Mexico is a significant step in empowering global supply chains.

Great article by Mind Fintech about Truffle Capital ! Bozena Adamczyk gives a clear overview on what the fund has been doing in the Fintech space for many years and what's in store for the years to come. 🚀 🚀 🚀

【Cyberport News】Congrats to HashKey for achieving unicorn status and becoming the 8th unicorn in Cyberport! Cyberport community member HashKey Group, an end-to-end digital asset financial services group in Asia, has successfully completed nearly US$100M Series A funding at a pre-money valuation of US$1.2 billion. As part of the group, HashKey Exchange stands as one of the first licensed exchanges for retail users in Hong Kong. The funds raised in this financing round will be utilised to deepen Hashkey's comprehensive ecosystem in the virtual asset industry, accelerate the diversification of licensed business products in Hong Kong, and propel the group's compliant innovative development on a global scale. As the largest Web3 community in Hong Kong, Cyberport rejoices in HashKey's ascent to unicorn and vows to continue fostering the diverse growth of the Web3 ecosystem. We look forward to the birth of more unicorn enterprises in the future. #Cyberport #CyberportCommunity #Unicorn #FinTech