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Tanzania’s Nala wins Ecobank Fintech Challenge
After being named overall winner of the annual challenge, which is run annually by Ecobank and was last year won by Nigerian fintech startup IroFit, Nala walks away with US$10,000 in prize money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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Indonesia’s Go-Jek to partner with peer-to-peer lending firms
Go-Jek, whose backers include Alphabet Inc’s Google and China’s Tencent Holdings, has grown rapidly since launching eight years ago in Indonesia, a country with a population of more than 250 million people.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Press release: Tulaa is winner of the MIT Zambezi Prize for Innovation in Financial Inclusion
"Being awarded this prestigious prize is wonderful recognition of our team's efforts to use innovative technology to unlock the potential in rural markets in Africa, " said Hillary Miller-Wise, Founder and CEO of Tulaa. "We are humbled to have been selected from a cohort of exciting and innovative startups on the continent."
- Source
- Press release
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Nigerian fintech startup Mines plans expansion after $13m funding round
Nigerian fintech startup Mines is planning to expand to other African markets, as well as some in Southeast Asia and Latin America, after securing significant funding last month.
- Region
- Sub-Saharan Africa
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Viewpoint: India’s Cash Ban Failed Even to Create a Bank Savings Culture
What’s going on? Some have argued that lower interest rates are the problem. That’s not an easy sell: Over the past year, India was one of the few countries with strongly positive real rates — and savings in bank deposits were a higher fraction of disposable income back in 2012-14, when Indians were dealing with negative real interest rates. Perhaps, instead, a change in behavior is responsible.
- Categories
- Finance
- Region
- South Asia
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Paystack, with ambitions to become the Stripe of Africa, raises $8M from Visa, Tencent… and Stripe itself
Paystack, a Stripe-like startup out of Lagos that provides online payment facilities to merchants and others by way of an API and a few lines of code, is announcing that it has raised $8 million in a Series A round of funding.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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The battle for Africa: Can Cardano (ADA) Overpower the World’s First Mobile Money Payment System?
The blockchain is perfectly poised to take over developing markets in Africa, Central Asia, South America and other developing areas as the Cardano blockchain offers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Google For India: Big push for regional languages, financial inclusion
Google for India: Google rebrands Tez payment app as Google Pay with deeper integration with online and offline retailers as well as access for instant loans via the Bhim UPI.
- Categories
- Finance, Technology
- Region
- South Asia