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Nubank Secures $150 Million Credit Line With Second Loan Since April
The loan from the IFC, the financial arm of the World Bank, the second credit line for the fintech since April, will be used for expansion in Latin America.
- Categories
- Finance
- Region
- Latin America
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Fintech Startup NeoGrowth Raises $10 Million From MicroVest
NeoGrowth plans to deploy the funding to expand in India while aiming to secure more growth capital.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
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Lok Capital Logs First Close of Its Fourth Fund at $90 Million
The fourth fund will invest in financial services, including fintech, health-tech, food and agri-tech, and climate tech.
- Categories
- Agriculture, Education, Finance, Health Care, Investing, Technology
- Region
- Asia Pacific
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KYC is a Journey, Not a Destination: The Value of Know-Your-Customer Innovation for African Tech Startups
Identity theft is increasingly common in Africa, and the problem is likely to get worse. According to Lanre Ogungbe at Identitypass, digital access is expanding rapidly on the continent, and tech startups are under pressure to create frictionless signup processes for new users, which sometimes comes at the expense of better security. He argues that this has created an urgent need for better Know Your Customer (KYC) processes, and explores why tech startups should view KYC not as a regulatory obligation, but rather as an opportunity for innovation that can improve their products, protect their customers and increase their business success.
- Categories
- Finance, Technology
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Simba Telecom to Invest $1 Million in New Year Investment Plans to Boost Its Market Presence
The investment will allow Simba Group to reach wider geographical zones and ultimately improve speed to market.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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KreditBee Closes Second Tranche Of Its USD 200 Million Series D Fundraise
Closed a USD 200 million primary fundraise from Advent International, MUFG Bank and existing investors.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- fintech
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Varthana Raises $7 Million From MicroVest to Transform Affordable Education in India
The funds from MicroVest aim to support Varthana in transforming affordable education in rural India.
- Region
- Asia Pacific
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Announcing NextBillion’s Most Influential Articles of 2022
NextBillion’s “Most Influential Article of the Year” contest has concluded, and after tallying the votes, we’re excited to announce the three winners, as selected by our readers. Congratulations to the winners and their organizations! And many thanks to the other contestants, to all our guest writers from the past year – and also to the unsung heroes: the comms teams that play a key role in facilitating many of our articles.
- Categories
- Finance, Technology