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World Bank, Commonwealth Bank team up on blockchain sustainable development project
The World Bank has chosen the Commonwealth Bank of Australia to help organize a new Ethereum blockchain bond denominated in Australian dollars. The bond is projected to raise between $50-$100 million, and proceeds will go towards sustainable development initiatives.
- Categories
- Finance
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The Impact Of The Middle East’s Fintech Boom On Economic Inequality In The Region
History tells us that any new technology can lead to one of two diametrically-opposed social outcomes: the technology can help balance the distribution of global wealth, or it can deepen economic and social inequality.
- Categories
- Finance
- Region
- North Africa & Near East
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Press release: Kora Gateway launches, bringing improved financial services to emerging markets
Kora, the largest blockchain project out of Africa, has launched a new wallet that aims to provide access to low cost financial services to populations that have historically had little to no access to them.
- Categories
- Finance
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Fintech’s Good Fortune: Eight Things Africa Can Learn from China’s Success
Earlier this year the FiDA Partnership took 26 leaders from Africa’s digital finance industry to China to learn about what's driving the unprecedented Fintech boom there. Jessica Osborn, a senior manager at Caribou Digital, writes that the immersive and intense week was designed to help participants experience Chinese digital life firsthand on the streets of Beijing, in the mom-and-pop stores of Hangzhou and the on factory floors of Guangdong. Osborn shares eight key lessons for anyone looking to succeed in emerging market fintech.
- Categories
- Finance
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Offering a white-labeled lending service in emerging markets, Mines raises $13 million
Emerging markets credit startup Mines.io has closed a $13 million Series A round led by The Rise Fund, the global impact fund formed by private equity giant TPG, and 10 others, including Velocity Capital.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, lending, venture capital
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Kenya’s competition watchdog clears dominant operator Safaricom
Competition Authority finds no sign that Safaricom, which has a 67% market share, has abused its dominance.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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New Blockchain Mobile Wallet Launched in Africa
Kora, the largest blockchain project out of Africa, has launched a new wallet that aims to provide access to low cost financial services to populations that have historically had little to no access to them.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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JP Morgan, Gates, Dell give $9.5 million for India’s Financial Inclusion Lab
American philanthropic investors are now coming in to further push India’s digitisation drive and financial inclusion.
- Region
- South Asia