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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
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Press Release: Roots of Impact Raises Impact-Linked Finance to Grow the Pie and Help Others Enter the Market
With this fresh capital injection, Roots of Impact will build the enabling infrastructure to scale Impact-Linked Finance and support other practitioners to enter this promising field.
- Categories
- Finance
- Region
- Global
- Tags
- impact investing, innovation, scale
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