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Fintech News at a Glance
Cheers, and welcome to Tuesday! As the US tightens its grip on Russian fintech players like Black Banx and others for alleged sanctions evasion, the market whirls with activity. While Mastercard takes center stage at the Wolfe Research Fintech Forum, Leap appoints Craig Jones to spearhead innovation. Yet, amidst the bullish fervor, cautionary tales emerge: Amira Yahyaoui's Mos faces scrutiny, and Brazil's Open Co grapples with soaring loan defaults. In this tumult, Awa Kon of Flutterwave shines as a beacon of African fintech ambition. Strap in for a wild ride through the peaks and pitfalls sure to continue.
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Top Stories Analysed
Inside a C.E.O.s Bold Claims About Her Hot Fintech Start-Up
Amira Yahyaoui, Tunisian activists-turned-startup-founder, may have overstated the success of her student aid app Mos. This investigative piece reveals just a fraction of supposed success. Brutally enlightening. (Bearish)
Read more at The New York Times
Building Operations for Africas Most Valuable Fintech
Awa Kon, MBA '17, has become a key figure in Africa's fintech scene, building operations for Flutterwave while also co-founding a premium consumer goods company. A story of ambition, leadership, and, of course, innovation. (Bullish)
Read more at MIT Sloan
Black Banx Announces Continued Expansion and Innovation in Global Fintech Landscape
Black Banx, a global banking platform, is gearing up to drive innovation and tap into new markets, including the US and Africa. Keep your eyes peeled for this one; it's set to revolutionize the fintech realm. (Bullish)
Read more at Business Insider
US penalizes Russian fintech firms that helped others evade sanctions
The U.S. imposed sanctions on 13 Russia-linked fintech companies and two individuals for offering cryptocurrency services used to evade economic restrictions imposed on Russia following its invasion of Ukraine. Read more.
Mastercard Inc at Wolfe Research Fintech Forum Transcript
Get insights into Mastercard's upcoming conference presentation through this transcript. High demand from investors to see execs at the conference hints at the allure of the credit giant. Curiosity aroused? (Bullish)
Read more at GuruFocus
Leap hires Craig Jones as new Head of FinTech
Leap makes a giant leap with the appointment of Craig Jones as Head of Fintech, aiming at innovating its finance program. With 25 years of experience, Jones may just be the gamechanger Leap needs. (Bullish)
Read more at Roofing Contractor
U.S. sanctions Russian entities accused of enabling digital currency sanctions evasion
US Treasury hits sanction hammer on 13 fintech firms and 2 individuals aiding Russia's evasion attempts. But rejecting the claim that crypto might be Russia's sanction-escape hatch? A stroke of brilliant skepticism! (Neutral)
Read more at AP News
Brazils fintech sector is facing a surge in loan defaults, with some portfolios experiencing delinquency rates over 60%
An astronomical 95% delinquency rate in the Brazilian fintech-focused FIDC market casts a dark shadow over entities like Open Co. Time to question their credit analysis and risk management skills? Clutch your pearls! (Bearish)
Read more at Contxto
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