According to the World Economic Forum (WEF), more than half of the world’s population today is below 30. Despite that, there is a growing divide between banks and the younger generation. More than 45 per cent of respondents to WEF’s Global Shapers survey disagreed with the statement that they...
unbanked
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It looks like everyone and their mother is trying to reinvent the Brazilian banking system. Earlier this year we wrote about Nubank’s $400 million Series G, last month there was the PicPay IPO filing and today, alt.bank, a Brazilian neobank, announced a $5.5 million Series A led by Union Square...
Nigeria remains a largely cash-dominated country. There are over 100 million adult Nigerians, of which more than half have little or no access to financial services. Today, Bankly, a Nigerian fintech startup digitizing cash for the unbanked, announced that it has closed a $2 million seed round....