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Kuwait Startups: Seeding Tomorrow’s Giants (Chloe Domat, gfmag.com)
In November, Kuwaiti public-transport application My Route was sold to Oman-based smart-transportation company eMushrif for an undisclosed amount. Such cross-border acquisitions are generally rare in the Middle East’s nascent startup ecosystem. Except, that is, in Kuwait, which is trying to position itself as the perfect test market for companies that wish to try out digital […]
Tink expands open banking in Spain, Portugal and Italy (mobilepaymentstoday.com)
Tink, a Stockholm-based open banking platform, said it has expanded its European presence with entries into Portugal and Italy as well as opening a new office in Madrid, Spain. Tink officials said the Portugal launch follows a September agreement with Caixa Geral de Depositos, which launched a consumer banking app called Dabox, which includes aggregation, […]
South Korea FinTech Gets Initial Approval For Online Bank (pymnts.com)
South Korean FinTech startup Viva Republica, creator of the financial services platform Toss, was granted preliminary approval for a digital banking license from the Financial Services Commission of Korea, a Monday (Dec. 16) press release indicated. “Toss has already become the leading financial super app in Korea. With a digital bank license, we will be able to […]