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Global Findex: Technology Can Bridge Financial Inclusion Gap
A new World Bank report based on data collected in partnership with Gallup shows that 1.2 billion adults worldwide have opened a bank account since 2011, including 515 million in the past three years. Globally, 69% of adults -- 3.8 billion people -- now have an account at a bank or with a mobile money provider.
- Categories
- Finance, Technology
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China’s VC firm LUN Partners leads $4.5m Series B in fintech firm MFS Africa
The funding round makes MFS Africa, operator of the largest digital payments network in Africa, the first African fintech company to receive funding from a China-based VC, according to a statement released on Wednesday.
- Region
- Sub-Saharan Africa
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Digitizing the Base of the Pyramid: The Impact of Bringing Digital Finance to Last-Mile Farmers
Only 5 percent of Rwanda’s dairy farmers have access to credit, due in part to their lack of proof of income and inability to build a financial history. That’s why N-Frnds, a cloud-based software platform, partnered with the Rwandan government to digitize the milk collection process. Alyssa Mesich of N-Frnds recounts how the partnership has impacted milk production and boosted financial inclusion – results that suggest the vast potential impact of digitizing value chain-based financial services for last-mile farmers globally.
- Categories
- Agriculture, Finance, Technology
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Inter-American Development Bank Publishes Report on Fintech Sandboxes
According to the IDB report, Fintech has been gaining strength throughout the Latin American and Caribbean region.
- Categories
- Finance
- Region
- Latin America
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Press release: Mobile Lender Tala Announces India Expansion, Fueled by USD 65m in New Financing
The U.S.-based financial technology company has delivered credit to nearly 1.3 million customers and originated more than $300 million globally.
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Taxing mobile money will hinder financial inclusion, says GSMA
“I am very concerned anytime there is any indication that government or anybody wants to take any step that may inhibit the growth of mobile money. When you tax mobile money, you are taxing the people who are probably the most excluded in mainstream financial service."
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Bringing Technology to Microfinance in the Age of Data Scandals: European Microfinance Award Seeks Solutions
Fintech advances are often heralded for bringing financially excluded people into the mainstream. But Facebook CEO Mark Zuckerberg’s recent appearance before Congress is a stark reminder of the need for protection from – along with access to – technology. This year's European Microfinance Award is seeking organizations whose tech-enabled financial solutions place client protection at the forefront.
- Categories
- Finance, Social Enterprise, Technology
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Delhi-based fintech startup Affordplan raises Series B round
Affordplan, a Delhi-based fintech startup that makes healthcare services accessible through planned savings for non-emergency treatments, has raised fresh capital in its Series B round from a clutch of investors.
- Region
- South Asia
- Tags
- fintech, startups, venture capital