FinTech news in canary category

Umba said it brings a wide range of transparent and accessible financial products to those underserved by legacy banks across Africa — only 43% of the region’s population are account holders at financial institutions. However, the new funding will allow the company to test this out as it prepares to launch in new markets, including Egypt, Ghana and Kenya, where mobile money is prominent.

Why global investors are flocking to back Latin American startups Marcos Toledo, managing partner at venture firm Canary, said that in their previous roles, Mara’s co-founders created, operated and disrupted very complex businesses, in sectors like ride-hailing and food delivery.