Another week, another global fintech roundup.
Green fintech in Switzerland
On November 3, the Swiss government launched the Green Fintech Network to identify and suggest new initiatives for startups that combine sustainable finance and technology.
Switzerland launches Green Fintech Network
Switzerland's government has launched a Green Fintech Network to identify and propose new measures that will improve…
Feel free to consult the official announcement here.
LinkAja secures $100M series B
Grab, the powerful Southeast Asian fintech and mobility group, led a $100 million Series B funding round for Indonesian e-wallet LinkAja.
Grab leads $100m funding round for LinkAja, builds R&D center in Indonesia
Ride-hailing giant Grab announced on Tuesday that it led a US$100 million series B funding round for homegrown e-wallet…
This is notable since “cash is still king” in the country.
“Cash is still king in Indonesia, and there are millions of Indonesians who remain invisible to traditional banking systems,” stated Neneng Goenadi, managing director of Grab Indonesia. “We chose to invest in LinkAja because we believe that together we can help accelerate our shared goal of improving financial inclusion in Indonesia. The strategic collaboration between LinkAja and our ecosystem which includes partners like OVO and Tokopedia will allow us to bring cashless services to all Indonesians in a way that is trusted, convenient and accessible.”
Thinking Capital celebrates $1B of funding provided to Canadian small businesses, announces new acquisition
On Tuesday, Thinking Capital (one of the oldest Canadian fintechs, now part of Purpose Investments) announced it reached the $1 billion mark of funding provided to Canadian small businesses. “This last year has been challenging for many of the entrepreneurs we serve,” said CEO Stéphane Marceau. “Nonetheless, over 80% of those we worked with through payment deferral plans since COVID hit, are now back on normal plans and rebuilding their business, some of them thriving in new ways. We are inspired every day by the resilience of the small businesses we serve in every province all across Canada; that is what fuels our team’s continuous efforts to be there for them when it counts and to innovate on their behalf.”
Thinking Capital acquires leading FinTech platform and reaches $1 Billion of Small Business Funding…
Thinking Capital, leading FinTech and provider of credit to small businesses across Canada, announces the completion of…
The digital lender also announced the acquisition of Ario, an Ottawa-based finance-as-a-service (FaaS) platform.