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Global FinTechs raised about $2.66 bln in October 2024

Another spike in funding was witnessed for the Global FinTech sector, with USD 2.66 billion being raised in the month of October. The top 20 global FinTechs raised USD 1.81 billion in October, up from USD 1.58 billion in September, with funding staying steady since April, according to data by 1Lattice.

FinTechOn 2024: FinTech Associations from 14 Asian Economies Sign MOU to Enhance Collaborations in Anti-Fraud

Taipei [Taiwan], According to the Asian Scam Report 2024 published by the Global Anti-Scam Alliance (GASA), over 40% of Asians encounter scams monthly. Hong Kong and Thailand face scams most frequently, with up to 90% of its citizens facing scams once per month or more. Identity theft, investment fraud, and online platform scams are among …

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FinTech Funding October 2024: Total $199 mln raised by Indian FinTechs

In October 2024, India’s fintech funding fell sharply to USD 199.4 million from just four rounds, continuing a declining trend from August’s USD 507.8 million and September’s USD 230 million, according to 1Lattice data. Although, the October 2024 funding remains almost the double compared to the previous year in the same month. This funding slump …

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UPI refund scam, phishing, digital arrests, and other online scams you should know about

Digital payments are now a common way to transact in India. This has led to a rise in online scams targeting unsuspecting users. These scams include UPI refund scams, phishing, SIM swapping, online shopping scams, digital arrest scams, and KYC scams. These scams can result in financial and personal losses. The article provides ways to …

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