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Pakistan central bank orders fintech Tag to refund customers

TechCrunch

The State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Tag to “immediately” refund all funds to customers citing violation of regulatory requirements and “other concerns,” posing existential questions on the startup’s future.

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Wing Venture Capital’s Fifth Annual Enterprise Tech 30 List

American Entrepreneurship

When broken down by industry AI models and tools reflected 25% of companies, with 25%, data platforms, ETL and BI 18%, developer and devops tools 10%, security 10%, fintech 8%, and defense/aero 5%. No security, fintech, or defense/aero companies were identified in early and mid-stages for the ET30 in 2023.

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Our 11 favorite companies from YC’s S22 Demo Day: Part 1

TechCrunch

For more on Y Combinator’s latest batch, TechCrunch examined the cohort’s diversity makeup , looked into fintech bets from the group , and examined what’s going on in seed-stage crypto. TechCrunch is tuned in, as always, and in keeping with our historical coverage, we compiled a list of our favorites from the first day’s pitches.

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Q3 outlook forecasts cloudy days ahead for fintech M&A

TechCrunch

Every week, I’ll take a look at the hottest fintech news of the previous week. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann. This will now be offered to 22 fintech companies across Mexico, Argentina, Chile, Colombia and Peru.

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NayaPay secures $13 million, largest seed funding in South Asia for its messaging and payment app

TechCrunch

Pakistan-based fintech platform, NayaPay , has raised $13 million in a seed round to rollout its multi-service messaging and payment app, and to build payment acceptance and financial management tools for businesses in the South Asian country. We are very bullish on fintech in Pakistan.

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Daily Crunch: Russia fines Google $374M for ‘illegal content’ over its Ukraine invasion

TechCrunch

Blossoming business : Bloom, a Sudan-based fintech, banked $6.5 In particular, the partnership with Visa landed Bloom as the first Sudanese startup to get admitted into Visa’s Fintech Fast Track program, Tage reports. The airline has a new electronic bag tag that is making everything about checking a bag easier, Frederic writes.

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WATI, a CRM tool built for WhatsApp, raises $23M led by Tiger Global

TechCrunch

The startup currently has more than 6,000 customers in 75 countries, including SMBs in spaces like house cleaning, schools, education centers, edtech, fintech, medical facilities, D2C brands and Shopify stores. In 2020, they launched WATI to give SMBs a self-service, low-code product on the WhatsApp for Business API.