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African Fintech Opay Is Reportedly Raising $400 Million at Over $1.5 Billion Valuation
Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Asirvad Microfinance Raises $15 Million From WorldBusiness Capital Inc
Asirvad Microfinance, a subsidiary of Manappuram Finance, on Monday said it had raised $15 million (around Rs 110 crore) in a seven-year external commercial borrowing loan from the US-based WorldBusiness Capital Inc (WBC).
- Categories
- Finance
- Region
- Asia Pacific
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Desperate Times, Desperate Measures: A Microfinance Network Responds to the Devastating Reality of COVID-19 in India
The COVID-19 pandemic is taking a disastrous toll in India, with over 27 million confirmed cases and 311,000 reported deaths. In the face of this emergency, Opportunity International is leveraging its network of microfinance partners to provide crucial assistance to hard-hit communities. CEO Atul Tandon explains how the organization is working with microfinance providers to convert their offices into emergency response and triage centers, while educating clients about pandemic-related health risks and providing them with food and supplies.
- Categories
- Coronavirus, Finance, Health Care, Transportation
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Nigeria’s Flutterwave Partners Amole to Drive Seamless Remittance and Financial Inclusion in Ethiopia
Nigerian Fintech company, Flutterwave has partnered with Amole, Ethiopia’s largest mobile Digital Wallet platform, to facilitate remittance into Ethiopia.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: Nigeria Is Making Progress With Financial Inclusion: Here’s How
In developing economies, many people are excluded in various ways from financial services. Including them is necessary for three main reasons.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigeria’s Mono Raises Millions to Power the Internet Economy in Africa
Three months later, the startup has a different mission: to power the internet economy in Africa. It has closed $2 million in seed investment toward that goal.
- Region
- Sub-Saharan Africa
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Impact Investing in Financial Inclusion in Southeast Asia: Four Key Considerations for Investors and Enterprises
Southeast Asian nations are seeing movement toward greater financial inclusion, but this growth, fueled mostly by digital innovations, is not enough to meet customer needs, say Komal Sahu and Danielle Todesco of AVPN. They share four key considerations that investors and enterprises can take into account to promote interoperability, financial literacy and product accessibility while boosting financial access in the region.
- Categories
- Finance, Investing, Social Enterprise
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Indonesia’s Transfez Raises Seed Funding to Venture Into B2B Money Remittance Sector
Transfez allows users to transfer money across 50 countries in 26 currencies at a cost that is 'up to 10x cheaper than banks'
- Categories
- Finance, Technology
- Region
- South Asia
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