Over the last two decades we have witnessed the rapid rise of tech in China, which is now considered a world leader with technology giants such as Tencent, Alibaba and Bytedance. Now there are more than 200 unicorns in China, second only to the US. […]
Why 2020 Is The Year For Fintech
This month marked one of the largest fintech acquisitions of all times, Visa’s purchase of Plaid for $5.3 billion. It is a validation of fintech in a literal sense – Plaid is a key enabler to many of the leading fintech players, and critical in simplifying the onboarding flow and integration of players. […]
Chime CEO Chris Britt on teaming up with NBA’s Dallas Mavericks
Chime CEO and co-founder Chris Britt joins CNBC’s “Power Lunch” team to discuss the online banking company, the financial sector and his outlook for the company and the industry. Also, the Dallas Mavericks secured a jersey patch sponsorship with Chime for roughly 3 years. NBA jersey patch sponsorships can currently earn up to $20 million […]
How Start-ups Became The Key To A Sustainable Economy
L’un des principaux moteurs de progrès se trouve dans la combinaison maintenant possible de plusieurs domaines scientifiques différents et trouvant une application sur une même plateforme digitale, pour créer de nouvelles générations de produits et de services qui seront fabriqués, distribués et consommés de façon plus durable. […]
2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital
2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high-profile IPO, visits by both Jacks (Ma and Dorsey) and big Chinese startup investment energized that. […]
3 Cathay Innovation Predictions for 2020
In today’s fast-paced world — it’s often difficult to pause for reflection. And while we all have our ideas or “resolutions” about how we can improve and be better — it’s equally important to reflect on the positive outcomes from the last year. At Cathay Innovation, 2019 was an exciting year of growth not only […]
Pourquoi les startups sont devenues la clé vers une économie durable
Le monde entier se tourne vers les acteurs économiques pour demander aux entreprises de jouer leur rôle dans la transition vers une économie durable. Les défis sociaux et environnementaux que nous devons relever aujourd’hui sont bien réels et énormes. Il reste beaucoup à faire pour résoudre ces défis majeurs, mais les avancées technologiques nouvelles mises […]
Spain’s Glovo grabs $166M Series E for its ‘deliver anything’ app
Spain’s Glovo, an on-demand delivery app platform which operates in Europe, LatAm and Africa delivering food but also other urban conveniences from groceries to pharmaceuticals, has bagged another €150 million (~$166M) in a fast-following Series E round led by Abu Dhabi state investment company, Mubadala. […]
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks
A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable […]
MIGO ANNOUNCES $20 MILLION IN SERIES B FUNDING, EXPANDS TO BRAZIL
In a bid to boost its economy, Zambia legalized the production and exportation of cannabis on Monday which will serve only economic and medicinal purposes. The Minister of Information and Broadcasting Services, Dora Siliya who also doubles as the government’s chief spokesperson revealed that the approval for the export of cannabis was granted at a […]