Africa’s fintech company Flutterwave acquired Mono, a Nigeria-based open banking startup in an all-stock deal worth between $25M to $40M. The transaction unites two of the top fintech infrastructure firms in Africa. One of the largest payment networks on the region is run by Flutterwave, and Mono, often referred to as the “Plaid for Africa,” […]
To strengthen its integrated insurance capabilities globally and expedite its strategic expansion in East Africa, bolttech, a global InsurTech, has acquired Kenya-based digital insurance platform mTek. Bolttech can now combine its existing worldwide insurance and protection network with mTek’s digital platform and local market knowledge thanks to the acquisition. Increased regional innovation and the extension […]
Distributing data to advisers effectively has long been a difficult task for financial data providers. As advisors depend more on WealthTech platforms for everything from portfolio management to compliance and client interaction, it is now crucial to make sure that accurate, real-time financial data moves seamlessly between systems. However, integrating with several platforms separately frequently […]
Investors are increasingly discussing the growing concern of a potential bubble forming within the major tech companies leading the artificial intelligence boom. The “Magnificent Seven” — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla — now represent nearly 45% of the Nasdaq 100 Index. According to Impax Asset Management Group’s CEO, the firm is strategically […]
