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Nigerian Fintech Startup, Cowrywise, Raises $3 Million Pre-Series a Funding Led by Quona Capital
Nigerian wealth management startup, Cowrywise, has announced that it has raised $3 million pre-series A funding.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Impact Startup Support (ISS) Initiative Launched in India
Aspire Impact, a social enterprise focused on impact leadership and ecosystem development in the social and environmental impact space, today announced its collaboration with Impact Hub, the world's leading network focused on building entrepreneurial communities for impact at scale.
- Region
- Asia Pacific
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Press Release: OPEC Fund Supports Post-COVID-19 African Infrastructure With $50 Million Loan to Africa Finance Corporation
The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct financing co-operation between the two institutions.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Female-Led Startups Dominate Catalyst Fund’s Inclusive Fintech 2021 Cohort
Catalyst Fund, a global accelerator managed by BFA Global, announced the 8th cohort for its Inclusive Fintech Program today.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Western Union: Emerging Market GDP, Innovation Depend On Remittances
In the payments industry, they’re known as remittances. But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines.
- Categories
- Finance, Technology
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Viewpoint: Fintech Regulations, Financial Stability, and Data Privacy in India: So, What Is the Path to Go Forward?
In a recent development, the Delhi High Court received a Public Interest Litigation (PIL) from an applied economist, Reshmi P Bhaskaran, seeking to regulate the entry and operations of ‘TechFin’ platforms. Inter alia, the PIL asked the High Court to help develop a regulatory framework around the TechFin industry, also popularly known as the FinTech domain. Since then, the High Court has sought replies from various stakeholders, including the Ministry of Law, Ministry of Finance, RBI, SEBI, and NPCI regarding this issue.
- Categories
- Finance, Technology
- Region
- South Asia
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Press Release: USD 127 Million Social Impact Securitization Vehicle for off-Grid Solar Sector in Kenya
BLK1 has increased the size of its local currency receivable financing facility for d.light’s Kenyan business to USD 127 million with an additional USD 15 million of senior debt from Norfund.
- Region
- Sub-Saharan Africa
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Black Businesses Matter: Leveling the Playing Field for Black Entrepreneurs in Africa and the Diaspora
For Black lives to matter, it is critical that we discuss more than just survival, but rather how to enable Blacks to thrive, says Charity Kabango at Entrepreneurial Solutions Partners. She argues that entrepreneurship is a key means to that end, as it empowers Black people to create jobs for themselves and others, and facilitates the flow of wealth within communities. However, limited access to finance and the absence of structured support has held back the development of entrepreneurship among Black people globally. She explores some solutions to this ongoing challenge.
- Categories
- Finance
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