Latest news and articles about fintech from NEX English
Collide Capital, founded by Brian Hollins and Aaron Samuels, announced the closing of its second fund worth $95 million on Thursday. The fund aims to support startups in fintech and the future of work, reflecting a growing trend towards innovation in these vital sectors.
The total assets of the Saudi banking sector reached approximately <strong>4.96 trillion riyals</strong> by the end of <strong>2025</strong>, reflecting rapid expansion in the kingdom's financial landscape. This growth was fueled by strong demand for institutional financing linked to infrastructure and development projects.
Flutterwave, a leading fintech company in Africa, has announced its acquisition of a license to operate as a micro-lender in Nigeria. This license enables the company to compete with local banks in providing financing services.
The Saudi financial sector has undergone a significant digital transformation, shifting from cash reliance to electronic transactions. However, it now faces new challenges in implementing modern systems and enhancing innovation.