SME ecommerce Startup Ula assists small business owners in Indonesia
Ula is a Jakarta-based fintech that provides services that enable small businesses to thrive in the Indonesian marketplace . So far it has raised $ 35m in funding rounds to empower independent business owners and streamline their services .
UNITED KINGDOM Challenges for Monzo
Is the UK ’ s leading challenger bank suffering from business model failings ? New evidence from Global Data seems to suggest it could be . Experts seem to think that states that Monzo ’ s has a lack of focus on revenue-generating activities – which could cause problems for the future .
EASTERN EUROPE
Latvian Nordigen launches free API services
The Latvian startup is the first fintech to offer free API services , to overcome one of the major obstacles in the potential of open banking , namely the expense of harnessing raw data . The move could enable millions of new customers to access credit services
CHINA
Amnesty International to halt India operations
China ’ s regulations for fintechs tighten following Ant Group ’ s attempted public offering and subsequent removal of the corporation ’ s IPO . The new regulations would force fintechs to adhere to the same lending regulations as banks .
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