In today’s FinTech news, PYMNTS introduces the FinTechIPO™ Index to give people an idea of how companies in the index are performing, while London-based FinTech We raised 8.9 million dollars to fight the cost of living.
FinTechIPO™ Index: Financial services game changers could be plagued by volatility
There’s the Dow, the Nasdaq and the S&P 500. And now there’s the new FinTechIPO™ Index, which will track FinTech performance over time since their IPOs. The FinTechIPO™ Index can be compared to broader market patterns as another barometer for a deeper look and better understanding of the market.
London-based FinTech We recoups $9m to ease cost of living crisis
London-based FinTech We is on a mission to help households better cope with the realities of the rising cost of living. The startup’s technology platform aggregates proprietary and third-party data feeds to deliver real-time financial insights with actionable insights.
Massmart strengthens its e-commerce capabilities with Mastercard Collaboration
African retail group Massmart is expanding its partnership with Mastercard to bring additional e-commerce solutions to small businesses in South Africa. The collaboration gave businesses the opportunity to purchase discounted electronic and mobile point-of-sale (POS) devices from Massmart.
Akulaku secures $100 million investment for Southeast Asia expansion
Indonesian digital banking and financial platform Akulaku has raised a $100 million strategic investment from Siam Commercial Bank. The new capital will help Akulaku accelerate its plans to expand its presence throughout Southeast Asia. Launched in 2014, Akulaku is already present in Indonesia, the Philippines and Malaysia. The startup is on a mission to help underserved customers in emerging markets gain access to digital banking and other financial services.