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Tranglo’s First Foray Into Sub Saharan Africa and Latin America
Tranglo announced that it has opened 4 new payment corridors — Nigeria, Ghana, Uganda, and Brazil — marking the fintech’s first foray into Sub Saharan Africa and Latin America.
Supported by local and foreign partnerships as well as Tranglo’s proprietary single interface platform, people living and working in over 23 countries within the Tranglo Network now have even more options to send money back, benefiting close to 500 million people in the two regions.
Tranglo CEO Jacky Lee said: “It is just the first of many to come. We are already planning to expand into countries like Mexico and Argentina next, bringing our cross-border payment solutions to even more businesses in the region and beyond. We are also focusing on enhancing e-wallet support to stay ahead in the digital economy, so stay tuned for more exciting development this year.”
More significantly, Tranglo aims to play its part in lowering the cost of remittances in these regions. According to World Bank data, Sub Saharan Africa is the costliest region to send remittances to, averaging 8.5% to send USD200 in the third quarter of 2020, while it costs an average of 5.8% to send the same amount to Latin America. For context, the United Nations Sustainable Development Goals calls for the reduction of transaction costs to 3% by 2030.
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Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
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Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants
Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments. Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.
Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
Figure is expanding investor access to the On-Chain Public Equity Network (OPEN) through new integrations with moomoo and Keplr, extending the distribution of blockchain-native public equities across both regulated brokerage platforms and self-custody wallets. OPEN allows companies to issue their equity native on blockchain and enables investors worldwide to invest in U.S. public equities while accessing decentralized finance (DeFi) for borrowing against and lending out stock.
OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
OneDome, the UK-based housing and fintech platform, has raised $25 million in a Pre-Series C funding round, taking total funding raised to date to $40 million.
intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency
intelliflo and Söderberg & Partners today announced a new strategic partnership designed to deliver greater efficiency, smarter workflows and an enhanced technology experience for financial advice firms.
Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets
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Chargebase Launches to Help Merchants Cut Chargebacks and Give Easy Access to Verifi and Ethoca Alerts
Chargebase, a new chargeback-prevention platform built for high-growth e-commerce and SaaS businesses, today announces its official launch. Designed to solve an expensive and existential problem for merchants – chargebacks – Chargebase gives companies instant access to Verifi and Ethoca alerts in a single, easy-to-use platform with automated workflows and transparent pricing.