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Norfund Invests $20 Million in APIs Growth Markets Fund III to Propel Fintech Expansion in Developing Economies
Norfund aims to address the financial needs of underserved populations by broadening its investment strategy to include fintech ventures.
- Categories
- Finance, Technology
- Region
- Global
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OPay and Moniepoint Issue $17 Million Verve Cards as Nigerian Fintechs Switch From Visa and Mastercard
A change in consumer behaviour and macroeconomic conditions are leading Nigerian banks to issue local cards like Verve to customers, dumping international card schemes like Visa and Mastercard.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Report: Global Remittances Slowed in 2023, Seen Rising in 2024 — World Bank
Remittances remained a crucial source of external finance for developing countries in 2023, bolstering the current accounts of several countries grappling with food insecurity and debt issues.
- Categories
- Finance, Technology
- Region
- South Asia
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Press Release: WDI Board Appoints Taylor as New President
Wendy Taylor brings a wealth of experience and leadership in global innovation and entrepreneurship to the role.
- Categories
- Agriculture, Education, Energy, Environment, Finance, Health Care, Investing, Social Enterprise, Technology, Transportation
- Region
- Global
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Rethinking Credit Scoring: A Pay-As-You-Go Pioneer Explores Innovative Solutions in Africa
The ability to make life-changing purchases — from buying a home to setting up a business — usually relies upon acquiring credit. But as Mansoor Hamayun at Bboxx explains, in many emerging markets, it’s incredibly difficult for the average citizen to obtain a credit score. He explores the obstacles to credit scoring in Africa, and discusses how Pay-As-You-Go financing of solar products — combined with innovative approaches to consumer subsidies — can be leveraged to boost access to credit scores and essential financial services in underserved communities.
- Categories
- Finance
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Cadana Bags $7.4 Million to Streamline Payroll for Global Hiring Platforms
The round was led by Costanoa Ventures, with participation from Better Tomorrow Ventures and 500 Startups.
- Categories
- Finance
- Region
- Global
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IMF Approves Over $900 Million to Support Tanzania Budget, Climate Change Fight
The funding will help tackle climate change while also completing a separate review allowing for the disbursement of $149.4 million for budget support.
- Categories
- Environment, Finance
- Region
- Sub-Saharan Africa
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Malaysia’s Paywatch Secures $30 Million Funding From a Mix of Equity and Credit Facilities
This is the largest funding round closed by an Malaysia-based earned-wage access (EWA) player in Southeast Asia.
- Categories
- Finance, Technology
- Region
- South Asia