Trendwatch Finance: May 11, 2020

Harvard Business Review: The Case for AI Insurance

Cyber insurance is the fastest growing insurance market targeting Small and Medium sized businesses and insurers want to sustain the momentum.   

Reuters: Visa Gives Kenya's Safaricom 'Missing Link' for Global Payments    

Under the deal, which requires regulatory approval, announced on Thursday by both companies, M-Pesa’s 24 million users and 173,000 local merchants will be linked to Visa’s 61 million merchants and its more than 3 billion cards.    

Reuters: Tencent Buys 5% Stake in Australian Buy-Now-Pay-Later Firm Afterpay

Buy-now-pay-later service providers have gained popularity as they help customers sidestep stringent rules associated with getting a credit card or loan.    

Techcrunch: B2B Challenger Bank Finom Raises $7M Seed from Target Global and General Catalyst

Just as challenger banks have appeared in the B2C space, so to have B2B startup banks

Stash: Amid Stock Market Turbulence, Investing App Stash Raises $112M Led by LendingTree

The company says it will use the funding to continue expanding its customer base, marketing and adding more services.