Fasanara Fintech Weekly

Africa becoming Fintech Leader, Apple's BNPL, Oracle and Everest Unite over Blockchain & Other News




Happy Tuesday!



In this edition:


  • Africa, an overlooked continent for global investment is becoming a burgeoning Fintech leader

  • Apple may squash the buy now, pay later party

  • Asian venture capital piles into UK fintech investment

  • US banks ramp up spending on pay and technology

  • Oracle unit partners with Everest to bring blockchain to banks worldwide.






Africa, an overlooked continent for global investment is becoming a burgeoning Fintech leader.



“But do people in Africa actually play video games?” That’s a question I am often asked when talking about my business, by bemused venture capitalists and startup founders alike, anywhere from London to Hong Kong, New York to Silicon Valley. That one question exposes a persistent attitude towards Africa; that the continent is decades behind the rest of the world technologically while the rest of the world is diving into NFTs and the almighty “metaverse”.


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Apple may squash the buy now, pay later party.



Overvalued sector is already facing regulatory threats.

Apple’s late-stage entrance to new markets does not always send tremors through incumbents. But its reported foray into buy now, pay later has sent the shares of specialists reeling. Afterpay and Zip of Australia and US-listed Affirm all lost about a tenth of their equity value.

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Asian venture capital piles into UK fintech investment.



Data compiled for the UK’s Department of Digital, Culture, Media and Sport shows investment into UK tech from the middle east and Asia region is booming.


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US banks ramp up spending on pay and technology.



Costs at the top US banks jumped more than $6.6bn in the most recent quarter, as the intensifying battle for talent and the growing threat from new fintech rivals forced executives to step up spending.

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Oracle unit partners with Everest to bring blockchain to banks worldwide.



Oracle Financial Services Software Ltd, a unit of Oracle Corp, has teamed up with financial technology provider Everest to bring blockchain to banks worldwide to enhance their product offerings, Everest Chief Executive and co-founder Bob Reid said.


Oracle Financial's software is used in retail and corporate banking as well as the insurance sector.

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