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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by MoneyLion. MoneyLion provides an all-in-one mobile banking experience. You choose the tools you need when you need them — and they complement the financial accounts you already have. They’ll help you decide what’s right for you, but the choice is always yours.
THE NEWS HIGHLIGHT OF THE DAY IS
Amsterdam-based BUX, a neobroker that specialises in the fields of fintech, mobile apps, investments, stocks, and zero-commission, announced on Monday that its clients will be the first in Europe to invest in fractional European ETFs outside of an investment plan
JUST IN:
ComplyAdvantage, a global data technology company transforming financial crime detection, announced that Upgrade, Inc., a FinTech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, has selected its award-winning Customer Screening and Monitoring and Transaction Risk Management solutions.
ALSO:
Trio Allan Maman, 22, Sonny Mo, 22, and Samuel Yang, 20, are college dropouts on a mission to empower teens to invest. The three just raised $3.3 million in funding to start Bloom (YC S21), an app to teach teenagers how to invest and give them a platform to do so.
FURTHERMORE,
Brazil‘s Nubank, Latin America’s most valuable fintech, is fueling its expansion in Mexico and Colombia with the investment of a $650 million line of credit.
WHAT ARE THE LATEST INSIGHTS?
Last month alone, investment deals worth $13.8 billion were signed at the Global Entrepreneurship Congress held in Riyadh, which also saw global firms announce expansion plans into Saudi Arabia.
LET’S HEAR ALL ABOUT MERGERS AND ACQUISITIONS:
Jaja Finance announces that it has closed the strategic transaction announced in November 2021, resulting in a consortium led by KKR & Co. Inc. and TDR Capital LLP becoming the majority shareholders of Jaja.