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Is India the Next Battleground for African Fintech Startups?
As East African fintech startups look for growth opportunities in the face of increasing competition, many are considering expanding into new countries – and India is a top target. Analysts with BFA explore why these startups' established business models and tested skills give them a solid chance to succeed – and why the Indian market nevertheless presents a formidable challenge.
- Categories
- Finance, Technology
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Many Small Foundations Wary of Impact Investing
Many small foundations are skeptical of impact investing, with 38 percent saying it will hurt returns, 36 percent saying they lack the capacity to do it, and 32 percent citing worries about risk, according to a new survey. The report from Exponent Philanthropy, which represents foundations with few staff members, also found that 16 percent of respondents participated in "mission or impact investing," and another 11 percent plan to do so in the next few years.
- Categories
- Finance
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AWS partners with Kenya’s Safaricom on cloud, consulting services
Amazon Web Services has entered a partnership with Safaricom — Kenya’s largest telco, ISP and mobile payment provider — in a collaboration that could spell competition between American cloud providers in Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Seven Stages of SME Growth – One Common Problem: The Challenge of Financing Small Businesses Across Their Life Cycle
There’s an endless variety of small and medium-sized enterprises (SMEs) in the world, but these businesses often experience similar problems that arise at similar stages in their growth. Barbara Peitsch, an international economic development consultant at the William Davidson Institute, discusses these stages and their associated challenges, and explores how SMEs can access financing that's appropriate for their level of development.
- Categories
- Finance
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Press Release: Convergence Grantees Mobilize $550 Million Towards Blended Finance for Global Development
The Design Funding program awards grants to design blended finance solutions that attract private capital to global development at scale.
- Source
- Press Release
- Categories
- Finance
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Goldman Sachs, Others Invest $55 Million in London-Based Fintech Startup Jumo
The funding round introduced new investors to join existing investors such as Goldman Sachs, Odey Asset Management and Leapfrog Investments.
- Categories
- Finance
- Tags
- fintech, startups, venture capital
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MTN Adds Vodacom Tanzania to its Cross Border Money Remittance Service
The partnership sees MTN Uganda adding Vodacom Tanzania to the list of telecom partners with whom customers can do mobile money transactions in the East African region.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Vodacom Coining It With M-Pesa
Vodacom’s bet on Africa’s burgeoning fintech market through M-Pesa is paying off.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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