FinTech news in stock market category

Retail investors within and outside Africa will then be able to access and trade cross-border stocks and bonds via white-labeled apps launched by brick-and-mortar brokers and powered by SecondSTAX or third-party wealth tech apps such as Bamboo, HashApp, Robinhood and Hisa. While local retail apps such as Bamboo and Chaka offer U.S. and foreign stocks to individual consumers, they are as constrained as traditional brokers when it comes to helping consumers buy stocks and bonds across different capital markets within Africa. Per reports, major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets. However, at launch, it will launch in the first two, enabling routing of market orders for all stocks across Ghanaian and Kenyan exchanges and allowing cross-border transactions within both capital markets through its sponsoring broker partnerships.

Apple is also getting into the game, it announced today, with a service called Apple Pay Later. So we did get to see Apple’s event impact a stock, just not the one that we expected it to; investors are paying attention, at least somewhat.

Founders Fund Partner Matias Van Thienen said his firm had been looking for an investing and savings platform in Latin America that could offer global equities with a high-quality product and a suitable regulatory approach.