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Retailo Raises $2.3 Million in Seed Round To Boost Financial Inclusion
Retailo, the Riyadh-based B2B eCommerce startup, has announced $2.3 million of funding in a pre-seed round to go toward boosting small to medium-sized businesses (SMBs) in the Middle East, according to a press release.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Can Microlenders Make a Comeback?
Once hailed as a game-changer for the impoverished, microlenders are falling behind in the digital race while online lenders and commercial banks poach their turf.
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Kimberly-Clark, Kotex To Mentor Startups Focused on Women’s Health, Access To Sanitation
The Toilet Board Coalition (TBC), with the strategic support of Kimberly-Clark and its Kotex brand, has launched the Women in the Sanitation Economy Innovation Lab — which seeks to cultivate and catalyze early-stage ideas and businesses within the Sanitation Economy that are led by women and/or focused on women’s health.
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Kenya’s PesaKit Wants To Be a Super-Platform for Mobile Money Agents Across Africa
Kenyan startup PesaKit is aiming to become a super-platform for African mobile money agents, enabling them to become a reliable last mile distribution channel for digital and financial services.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Emerging-Market Banks Looking at Sustainability-Linked Bonds, HSBC Says
Banks in developing nations are looking at a new bond type as a way into the booming socially responsible debt market, according to HSBC Holdings Plc.
- Categories
- Environment, Finance, Investing
- Tags
- ESG, sustainable finance
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Minigrid Company Husk Nabs $5 Million in Funding
Husk Power Systems, a minigrid company that focuses on India and Africa, has received a $5 million investment from FMO, a Dutch development bank.
- Tags
- innovation, scale
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Moody’s: New Technologies Deepening Financial Inclusion Across Emerging Markets
Technology is deepening financial inclusion throughout emerging markets in Africa, Latin America, and Asia, as it creates greater accessibility to financial services for new and traditionally underserved customers, Moody’s Investors Service said in a report today.
- Categories
- Finance, Technology
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MTN and Airtel Uganda Suspend Mobile Money Services After Massive Hack
Telecom giants, MTN and Airtel Uganda have temporarily suspended all mobile money service transactions between their networks after unidentified hackers compromised their systems.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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