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NEWS HIGHLIGHT
Nubank appoints Youssef Lahrech, current COO, as its new President, reporting to Co-Founder and CEO David Vélez. Co-founder Cristina Junqueira was appointed Chief Growth Officer, spearheading Nubank's expansion across Brazil, Mexico, and Colombia. Link here.
FINTECH NEWS
#apac

Stripe is growing its APAC footprint. CEO Patrick Collison noted the economic dynamism of Asia and expects the region to become a driver of innovation in the next two decades. Stripe currently has a presence in several Asia-Pacific markets. Link here
Grapple announced a faster path to funding for Aussie SMEs customers through a partnership with Envestnet | Yodlee, a leading data aggregation and analytics platform for financial services. Link here
Openpay closed its Share Purchase Plan. After it received over AUD 5.863 million from eligible applications submitted from shareholders. The first plan was to raise AUD 2 million. Link here
Meta Platforms Inc. invested in Take App, a Singaporean startup founded by Youmin Kim. A new product that aims to bridge the digital gap for small-business owners in Southeast Asia. Link here