Gunay Fataliyeva on LinkedIn: #startupopportunity #fintech #internationalmoneytransfers #innovation… (2024)

Continuing with our Fintech in the Caribbean series, we explore the #fintech space in the #Dutch #Caribbean, which comprises #Aruba, #Bonaire Curaçao and Sint Maarten, Sint Eustatius and #Saba, and are part of the Kingdom of the Netherlands.With Senior Financial Policy Advisor, Emilio Kalmera, and Founder and CEO of Girasol Payment Solutions, Marwan Dean Rozier, they discussed among other things:*the state of the fintech scene in #Curaçao and Sint Maarten;*the wider #tech #entrepreneurship landscape; and*the biggest challenge that tech #entrepreneurs in their home countries are experiencing.#podcast #ICT #sintmaarten #statia #innovation #financialtechnology #financialservices

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Fintech sector in Nigeria to increase by more than 60% among startups by 2026 - https://lnkd.in/dyq-4GVU report on the state of fintech sector and regtech activity in Nigeria was published by RegTech Africa & Agpaytech.

[Published in April 2024]📊 Mapping Indonesian fintech in a tech winter: Despite a funding slump, startups like Orderfaz and Skorlife are thriving. Discover the latest trends and key players: https://lnkd.in/g_2MZR_2 🚀 Indonesian fintech landscape update: With significant deals and regulatory challenges, find out how lending and insurtech are weathering the storm.

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More and more countries are realising the benefits that come with an active fintech ecosystem, with a growing number of entrepreneurs in those countries also looking to enter the space. https://lnkd.in/gqAU7XUP

My latest: Interswitch, the African payments behemoth backed by Visa, grew its revenue 23% in its fiscal year ended March 2023 to ₦66.6B ($42M), up from ₦54 billion in 2022.The IPO candidate reported profit of ₦5.6B ($3.5 million) as it consolidates its mobile money business and signals renewed plans to expand to the US. The company has acquired the remaining stake in Interswitch East Africa for an undisclosed amount.The company has also combined its Nigerian agency banking and mobile money businesses, IFIS/Quickteller and M-Kudi, into a single entity. The consolidation will help Interswitch make a bigger push into consumer payments and it has already applied for a "payments service bank" (PSB) license from the Central Bank of Nigeria (CBN).Interswitch is also planning further expansion beyond fintech. The company informed shareholders that it has received a mobile network virtual operator (MNVO) license in Nigeria, Africa’s biggest telecoms market. The fintech company said it is "investigating the launch of a capex light virtual telecoms model using the license, combining payments and telecoms services to B2B customers and consumers."

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✨ Unlocking Turkey's Fintech Potential: A Comprehensive Guide ✨ In the dynamic landscape of finance and technology, Turkey is emerging as a formidable player, with a thriving fintech ecosystem that promises immense growth. The Finance Office of the Presidency of the Republic of Turkey has released the "Turkey FinTech Guide 2023," illuminating this dynamic sector. Designed as an introductory document, it's a vital resource for fintech startups, investors, and anyone interested in Turkey's fintech landscape.Turkey's Fintech Ascension: 📈 Turkey's startup and fintech ecosystem have been impressive. It's the second fastest-growing country among OECD nations, with 5.54% growth over two decades. In startup investments, Turkey ranks 10th in Europe and 3rd in the Middle East and North Africa.Turkey's fintech sector is thriving, with 637 active fintech startups as of February 2023, boasting a remarkable 94.92% survival rate. In 2022, these fintechs attracted $89 million in investments, signaling growing confidence in the sector.Navigating Regulations: ✅ The guide delves into fintech regulations, outlining financial and organizational obligations for payment institutions, electronic money institutions, digital banking, crowdfunding, insurance, and reinsurance brokerage. Minimum equity requirements for some models are set to begin on June 30, 2023.Understanding the Legal Framework: 📜 The guide correlates fintech business models with Article 12 of Law No. 6493, facilitating understanding of the legal framework governing fintech operations in Turkey.Key Regulatory Authorities: 💼 Turkey's fintech sector operates within a well-defined regulatory framework. The guide lists regulatory bodies and their roles, providing insight into the regulatory landscape.Anticipating the Future: ⏳ The "Turkey FinTech Guide 2023" includes a timeline of upcoming fintech regulations, enabling stakeholders to prepare for changes. It also highlights fintech associations, communities, support mechanisms, and incentives, showcasing Turkey's commitment to fostering innovation.Explore the Full Guide: 📊 This article offers a glimpse of the "Turkey FinTech Guide 2023." To fully grasp Turkey's fintech ecosystem, I recommend reading the complete guide, which provides detailed insights and practical guidance. Access the guide here and discover the opportunities within Turkey's vibrant fintech landscape.#fintech #fintechturkey #fintechworld #fintechstartupsHerman Harold ZEEPAY FinTech Istanbul

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Interswitch revenue in dollar terms is a victim of Nigeria's dramatic exchange rate collapse since last year.At the March 2023 exchange rate (₦459 = $1) when this annual report ended, Interswitch's ₦66.6B revenue was equal to $145M. At today's rate, it's just $42M. 😕A lot of people might translate the $42M revenue as a sign that Interswitch is overvalued. With a $1B valuation in 2019, that revenue multiple was roughly 24x its valuation. But at $145M, it actually did 7x its market cap — which suggests it wasn't really overvalued by March 2023.It's not odd.At a 2019 townhall with entrepreneurs, Interswitch's CEO Mitchell Elegbe talked about how Nigerian realities influenced how his company was valued. He mentioned the political risks, macroeconomic factors, etc, that bankers used to discount its growth and valuation.A rapidly devalued currency has dragged down several businesses.

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Exciting News! 🚀The partnership between Neem and DNI Group is a significant development for the fintech space in Pakistan. It is a sign of the growing importance of the embedded finance model, as well as the potential of the Pakistani digital tech ecosystem. 💹The future of digital banking in Pakistan is bright, and this partnership is a major step forward for the industry.Here are some of the specific benefits of the partnership for the fintech space in Pakistan: Increased investment and support from global investors, Access to new markets and customers, Increased collaboration and knowledge sharing between Pakistani and international fintech companies and Accelerated development of new fintech products and services.The partnership is a sign of the growing maturity of the fintech space in Pakistan. It is a major step forward for the industry, and it has the potential to transform the way that financial services are delivered in Pakistan.Check-out full article here ➡️: https://lnkd.in/ddEfxtkJ#Fintech #Pakistan #Startupinvestment #Fundingtopakistan #finance #collaboration #future #digital #markets #financialservices #investment #tech #digitalbanking #development

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📉 Fintech funding in Singapore fell by 35% to $1.49 billion in 2023, down from $2.31 billion in 2022.💼 Despite the decline, fintech remains a top investment sector, making up half of all startup deal values in the region last year.🌐 The funding downtrend continues into 2024, with a 13% decrease in fintech investments in Southeast Asia during Q1.-Want full insights? Subscribe to Tech in Asia to read the entire article.

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The FinTech Market Map Chile🇨🇱Let’s dive in:The latest Finnovista Fintech Radar Chile reveals a vibrant but challenged fintech landscape, identifying 121 new startups amidst a 21.2% mortality rate over two years. Dominating the scene, the "Payments and Remittances" sector holds 20.7% of the market with 62 startups. Over 54% of Chilean fintech startups are embracing Open Finance and API technologies, reflecting a global shift towards innovative, customer-centric financial solutions.Moving forward, the synergy between innovation and regulations will be crucial in developing a resilient and sustainable fintech ecosystem in Chile.I highly recommend downloading and reading the complete report for more info, stats, and figures:https://lnkd.in/ej9PiHF2Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ]Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ]Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #fintech #chile #financialtechnology #fintechindustry #fintechstartups #openfinance #openbanking #digitalbanking #payments #paytech #digitalpayments #fintechnews

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