Market Updates

The cybersecurity market in the Middle East and Africa which was worth $1903m in 2020 is expected to reach $2893m by 2026 per new research by ResearchAndMarkets.com.

Out of the 33 FinTech funding rounds we reported on last week, PayTech companies and lending enterprises were the clear winners.

Blockchain platform Waves is launching a venture fund and aims to raise $30m by April.

While Nubank’s massive Series G round and Klarna's $40bn valuation may have secured the most headlines last week, CyberTech and cryptocurrency ventures bagged the most capital injections.

FinTech business may well aim to push the traditional finance world forward with new technology but it lags behind the industry when it comes to diversity.

In a bid to be in control and manage their finances, almost one in three millennials use online tools to track spending and budget their finances, new study from Zip said.

Ontario and Australian securities regulators have signed an agreement to help innovative FinTech companies to enter the others’ market.

Indio, a commercial insurance platform for brokers, has raised $2m in seed financing to grow its user base and platform.

The San Francisco and Lagos-based FinTech startup Flutterwave aims to leverage a new partnership with e-commerce giant Alibaba to take a slice of the China-Africa trade. This trade is estimated to be worth $200bn.

A Jared Leto-backed startup, family-focused FinTech firms and corporate spend management companies were among the big winners of the 42 funding rounds reported on last week.