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MFast Gets Backing from Wavemaker Partners to Increase Financial Services Access in Vietnam
MFast announced it has raised $6 million in its Series A funding round, led by Wavemaker Partners.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
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LemFi Bags $33 Million in Series a Funding Round to Fuel Global Expansion
LemFi launched in Canada in 2020 to enable “easy and low-cost” remittances to Nigeria, Ghana and Kenya.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Sweeter Prospects for Cocoa Farmers: A Recent Study Shows How Formal Land Rights Improve the Financial Outlook for Smallholders in Cote d’Ivoire
Cocoa is one of the world’s most prized foods, but the smallholder farmers who produce it typically live in poverty and often lack formal rights to the land they're farming. Scott Graham and Anahit Tevosyan at FINCA International explore how a partnership between global chocolate companies and other industry and development sector players is strengthening farmers' property rights in Cote d’Ivoire — the source of 45% of the world’s cocoa — thereby aiming to improve their financial health and resilience.
- Categories
- Agriculture, Finance
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UNICEF to Commit $270 Million to Support Poverty Alleviation in Nigeria
Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu said the government will target about 71 million "extremely poor Nigerians" who live on less than $1.95 a day.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Goldman Sachs-Backed Digital Bank Starling to Expand in Hotly Competitive Asia-Pacific Market
Starling, which is backed by Goldman Sachs, is in talks with an Asian bank about launching its Engine banking-as-a-service platform in the Asia-Pacific market.
- Categories
- Finance
- Region
- Asia Pacific
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The Coca-Cola Foundation to Support Under-Represented Entrepreneurs
Kiva assists people who do not have access to commercial bank services to lenders through crowdfunding microfinance.
- Categories
- Agriculture, Environment, Finance, WASH
- Region
- Global
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Press Release: IFC and IIFL Home Finance Ltd. Partner to Boost Women’s Access to Affordable Housing Finance, Promote Green Homes in India
New funding will help increase access to housing finance among economically weaker sections (EWS) and low-income groups (LIG), including women borrowers in India.
- Categories
- Finance
- Region
- Asia Pacific
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Zanifu Raises $11.2 Million to Scale Its Inventory Financing Offering in Kenya
The fintech provides inventory credit to retailers, and the new funding will enable it to expand the solution to distributors too.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- distribution, financial inclusion, fintech, lending, MSMEs, scale, startups