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Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia

TechCrunch

The open finance startup announced today it has closed a $13 million Series B extension round led by SIG Venture Capital, with participation from CE Innovation Capital and returning investor PayU, the payments and fintech business of Prosus. Ayoconnect says it is the only open finance player in Indonesia to be licensed by the central bank.

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Monzo Makes Money Work For Everyone

Y Combinator

Monzo’s culture of customer obsession allowed it to use the crisis to thoughtfully build a beloved consumer and SMB product that has changed personal finance in the UK. In 2022 and beyond, Monzo’s revenues are likely to further accelerate as they benefit from cross border-travel, increased EU interchange rates, and new products.

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Fintech outperformed the market in 2021, and it’s set to do even better

TechCrunch

And despite public markets’ rocky start in early January, we’re confident that 2022 will be another banner year for the sector. Then, we’ll turn our attention to the year ahead and offer some predictions for fintech in 2022. Fintech continued to outperform the market by 3x.

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Brazilian consumer credit startup Open Co raises $115M in SoftBank-led round

TechCrunch

Its aim is to “finance consumption for Brazilians in a healthy way.” “It’s a huge market that is still controlled by incumbents charging extremely high interest rates, which makes it difficult for people to pay back their loans. It also aims to allow its customers to access over $616 million in financing in 2022. .

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Tiger Global and a slew of high-profile investors make a $35M bet on LatAm fintech Pomelo

TechCrunch

Just over five months after raising a $9 million seed funding round , Latin American fintech Pomelo announced today that it is raising $35 million in Series A financing led by Tiger Global Management. Its goal is to hire another 150 employees by the end of 2022, according to Irigoyen, who was an early employee at Google LatAm.

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Mexico’s Mendel secures $35M to tackle LatAm’s corporate spend management problem

TechCrunch

The Mexico-based startup closed the $15 million Series A round and $20 million debt financing after participating in Y Combinator’s Winter 2021 cohort. Mendel says its software gives finance teams a way to manage card transactions in real time, set granular spend rules and track spending from a central dashboard. Image Credits: Mendel.

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Komunal secures $8.5m to strengthen Indonesia’s neo-rural bank ecosystem

AsiaTechDaily

Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy. Fintech help SMEs manage their finances and capital with convenience and efficiency. billion) worth of deposits and loans to local BPRs and MSMEs in 2022.