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Press releae: PEG Africa raises $25M to accelerate off-grid solar expansion in West Africa
PEG Africa, a West Africa based pay-as-you-go (PAYG) solar company, has raised a US$25 million Series C funding round, taking its funding total to US$50 million, and allowing it to cement its position as market leader in the region.
- Source
- Press release
- Region
- Sub-Saharan Africa
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Viewpoint: Chase’s Checkless Account Won’t Make A Dent In The Unbanked Ranks
Economists at the Kansas City Federal Reserve looked into the factors associated with unbankedness. Not surprisingly, low income was a major determinant of not having a bank account. But the authors found that "a variety of other characteristics play a role in determining these households’ banking status."
- Categories
- Finance
- Region
- North America
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Digital Lending To Small Business in India Set To Surge, Says BCG-Omidyar Report
As the number of digital lending platforms rise and the availability of data around small businesses improves, digital lending to the country’s micro small and medium enterprises could surge, said a report co-authored by consulting firm BCG and philanthropic investor Omidyar Network.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- digital finance
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New partnership to boost financial inclusion in the Democratic Republic of the Congo
FSD Africa and Equity Bank Congo have entered into a new partnership that targets unbanked people in rural areas in the Democratic Republic of the Congo.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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JPMorgan rolls out low-fee, checkless, no-overdraft accounts
Thasunda Duckett, chief executive of Chase Consumer Banking, said she hoped the new accounts will attract more low-income individuals and people who have never had bank accounts.
- Categories
- Finance
- Region
- North America
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Lending to Rwandan Farmers Boosts Financial Position of MFIs
With commercial banks shying away from financing the agriculture sector because they consider it to be highly risky, MFIs remain the biggest lenders to farmers--especially smallholder farmers.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Can South Asia be a fintech leader?
The World Bank reckons 560 million people, including 180 million in Pakistan and Bangladesh, are detached from the financial system. Perfect, you would think, for nimble mobile money services or challenger banks.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- digital finance, fintech
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NatSave, Mastercard partner to drive digital transformation and financial inclusion in Zambia
The partnership supports Zambia’s National Financial Inclusion Strategy 2017 to 2022, which aims to increase financial inclusion from 59 per cent to 80 per cent.
- Categories
- Finance
- Region
- Sub-Saharan Africa