Soft Space Sdn. Bhd., a Malaysia-based fintech player, has announced it has raised $31.5 million in its latest funding round. With the additional capital from this funding round, the company is well positioned to continue its growth trajectory and achieve its goal of making payment acceptance accessible and affordable.
Nearly 60 million Filipinos spent 4.4 million hours on e-wallet applications in 2022. User growth was highest between 2020 and 2021 where a 187.1 percent increase, or about 41 million people becoming e-wallet users was observed.
The fintech ecosystem in Latin America has seen tremendous expansion and established itself as a vital actor in addressing the region’s consumer financial demands and needs. Growing demand for online banking solutions, favorable demographics, and a sizable underserved population are driving the expansion of fintech activities. The four trends to shape the regional fintech ecosystem in the coming years are Neobanking, Digital Payments & E-Commerce, Insurtech, and Embedded Finance & Open Banking.
Microsoft has confirmed that Reddit has blocked its Bing search engine from crawling content; Reddit seems to have blocked DuckDuckGo too. Reddit content will still appear in Google search results, but then Google has paid Reddit $60 million to allow it to train its AI models on that content. Reddit says the block has nothing to do with the Google deal: okay.