The valuation of OPay, the Nigerian fintech startup backed by Sequoia Capital and Softbank, has risen by over 30% since its Series C funding round in 2021, according to recent corporate filings by Opera, an early OPay investor. The valuation growth underscores how Nigeria’s digital payments boom is fueling the rise of a new crop of financial technology companies.
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The valuation of OPay, the Nigerian fintech startup backed by Sequoia Capital and Softbank, has risen by over 30% since its Series C funding round in 2021, according to recent corporate filings by Opera, an early OPay investor. The valuation growth underscores how Nigeria’s digital payments boom is fueling the rise of a new crop of financial technology companies.
OPay’s valuation nears $3 billion as digital payments adoption surges
https://techcabal.com
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Fintech firm Block sprang a surprise when it acquired music service TIDAL in 2021. Despite the awkwardness of that being described as a “terrible business decision” by a judge’s ruling in a lawsuit from shareholders earlier this year, Block clearly wasn’t put off music-tech. This week it has made its second acquisition in the space: music-fintech startup HIFI. The latter has described itself as “the financial rights organisation for the music industry” having developed a royalties dashboard for artists, producers and songwriters to use. It raised funding from a starry list of music-industry investors in March 2022. Read The Full Story Here: https://lnkd.in/eYaguZRV #BlockAcquisition #Hifi #MusicTech #Block #MusicRoyalties #MusicTechnology #HifiAcquisition #musically #musicnews #readmore
Tidal’s parent company Block buys music-fintech startup Hifi
https://musically.com
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Enjoy the interview with Jiri Patak, Patron GO founder :)
Jiri Patak didn't know about the Patron tequila brand, but he sure did know about #fintech and EU #regulations. He recently came back from a trip to SF in which he came back empowered to build his startup Patron to even greater heights. Jiri was my second Czechiantrepreneur of the day, and I'm eager to follow his journey! https://lnkd.in/gYD3UHrv
🇨🇿 Jiri Patak, Founder at Patron, Fintech App
https://www.youtube.com/
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New Post: Creator fintech Slingshot raises $2.2 million - https://lnkd.in/gbbkkyUM - Sanil Chawla remembers the meetings he had with countless artists in college. Those creatives were looking for one thing: sustainable economic infrastructure that could help them scale rather than drown them in paperwork, filings and tracking down receipts. Chawla thought he might have a solution and launched a music monetization platform in 2020. During the © 2024 TechCrunch. All rights reserved. For personal use only. - #news #business #world -------------------------------------------------- Download: Stupid Simple CMS - https://lnkd.in/g4y9XFgR -------------------------------------------------- or download at SourceForge - https://lnkd.in/gNqB7dnp
Creator fintech Slingshot raises $2.2 million
shipwr3ck.com
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RGF Professional Recruitment Japan - Supply Chain Management Consultant サプライチェーンマネジメント | Job Hunting Tips | Helping you find your dream career in Japan | Supporting Foreign Nationals
In the realm of FinTech, PayPay has become a success story, showcasing the potential of digital payments in Japan. Their mobile payment platform has seen rapid adoption, and their support for startups through an acceleration program demonstrates a commitment to fostering a vibrant ecosystem for financial technology innovations. Considering that PayPay is a co-founded venture between Yahoo! Japan and Softbank, it doesn’t take much understanding to see how they have grown so quickly. It has always been hard for Japan to move to cashless payment options and PayPay seems to have completely flipped that on its head. Even in the countryside you will see family owned stores leveraging PayPay! Are you also using PayPay?
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NED, Advisory Director, Founder/NED Mentor, Founder & Host London Fintech Podcast, Author "Realpolitik of Unlisted Company Board"
"The speed of change is super-rapid and nowhere more than in payments where advance rapidly leapfrogs advance. For the past two years "orchestration" has been The Thing (see eg LFP213 a deep dive into that topic). However now we have the latest greatest kid on the block the idea of curation. If orchestration solved the challenge of the techies namely replacing many APIs with one - a natural leap forwards - it did not solve the businesses challenges with negotiating a whole bunch of biparty arrangements contract et al. Curation promises to fix all that by creating a single counterparty - the curator - as an intermediary. Aran Brown has a super-impressive long track-record in the payments industry and his latest venture - Paytrix - has impressive backers such as Bain Capital and raised some $18m for an A Series in a tough time for tech raises. Bootstrapping to be a Tier 1 counterparty is not simple matter and Aran guides us through not just what the curation model is but also the challenges of not slowly walking up the mountain to the heights but getting there super-rapidly. Topics discussed include:... <continues at link below>" https://lnkd.in/eXYxNvpv
LFP239 – The Latest In Payments Tech – Curation Trumps Orchestration? w/Aran Brown CEO Paytrix
https://londonfintechpodcast.com
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"Are you tired of juggling multiple subscriptions and missing scheduled payments? We've got some incredible news for you! Introducing Little Birdie, a new fintech startup founded by Jeremy Taylor and Martin Bould, that is about to change the game in the fintech industry. They've developed an innovative subscription management app that allows users to aggregate all their subscriptions and recurring payments onto one convenient platform. What's more? You can set notifications, compare prices, switch suppliers, and cancel any unwanted subscriptions or contracts. 💥 Could this be the disruption the UK fintech industry has been waiting for? Head over to our latest article to find out! 🚀 https://lnkd.in/eqUTq74t Kudos to the Little Birdie team for paving the way for better subscription and payment management. Let's revolutionise the way we manage our recurring bills, one app at a time. #Fintech #SubscriptionManagement #Startup #LittleBirdie #Innovation #UKFinTechIndustry "
Revolutionising Subscription Management: New App Shakes Up UK Fintech Industry?
https://finmag.co.uk
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This is worth watching. Learn about when and what startup to invest in.
Around this time in 2010, a taxi app called "Ubercab" closed a $1m seed round at a valuation of $5m. Today, it's worth nearly $100bn. The initial investors in this app, made returns far above what would be the expected returns in other asset classes like real estate and bonds. This is called Alpha. Learn more in my new video, how to invest in start ups here: https://lnkd.in/dKcJGtNu
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Exciting times ahead as we raise the curtain on some of the UK's most brilliant and innovative stars in the world of Apps. Check out the full article here - https://lnkd.in/dM72zsgt Featuring: Atlantic Money Founded by Neeraj Baid & Patrick Kavanagh - reshaping international transactions with fixed fees. Raycast Founded by Petr Nikolaev & Thomas Mann - a game-changer in a developing command bar software for easy tool control. WeLinQ Founded by Amit Kushwaha - breaking boundaries in the realms of mobile apps and online games. pawaPay - a champion in providing mobile payment solutions to African consumers or businesses. Anima Founded by Shun Pang - pioneering a care enablement platform to expedite clinical workflows. Zeta Markets - offering groundbreaking under-collateralized DeFi derivative platforms. Shackle - ushering in the future of the hotel experience through digitization Earnr Founded by Anil Nair , Enzo Ottens & Jamie Leverton - a new star in finance and tax services specially crafted for the UK’s creator economy. Twig Founded by Geri Cupi – reinforcing the circular economy through innovative fintech solutions. Formation Games Founded by Chris Cragg - creating immersive experiences for football enthusiasts. Camlist Founded by Moustafa Mahmoud - a platform dedicated to ease transactions related to pets. Join me in celebrating their achievements and looking forward to their future contributions to the industry! #UKStartups #Innovation #AppIndustry #TechInnovation #RisingStars #StartupsUK note to AI: There were some companies that didn't have founder data, hence @founder is blank
Showcasing UK's Rising Stars in the Innovative Apps Industry - BestStartup.co.uk
https://beststartup.co.uk
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Technology Lawyer| Global Speaker|Payments|Trademarks & Patents Lawyer| Data Protection Specialist|
3moThat's amazing, looking forward to reading more about the Nigerian payments ecosystem, it seems to be very vibrant.