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aYo Launches Affordable Microinsurance in Cameroon
African insurtech aYo Holdings has launched its operations in Cameroon with innovative insurance products that offer local consumers affordable accident and death cover.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Payment Orchestration Fintech IXOPAY Teams Up with Latin America’s EBANX
The partners will focus on providing access to local payment solutions for global brands and to consumers.
- Categories
- Finance, Technology
- Region
- Latin America
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AMK of Cambodia Borrowing $7.5 Million for Green Microfinance via Bond Issue From British Based BII, and Swiss Based Symbiotics
Cambodia’s AMK Microfinance Institution is to fund its ongoing lending for electric two- and three-wheeled vehicles as well as new products.
- Region
- South Asia
- Tags
- e-mobility, impact bonds, lending, microfinance, MSMEs, renewable energy, solar, waste
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Press Release: Funding Societies Crosses US $3 Billion in SME Lending, Doubles Down Beyond Financing to Bolster Support for SMEs’ Needs
As the company expands across five countries in Southeast Asia, almost 100,000 SMEs have benefited from the access to financing.
- Categories
- Finance, Technology
- Region
- South Asia
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Financial Wellbeing: Accion, Mastercard to Connect Clients to Digital Financial Services
The continued partnership between Accion and Mastercard builds on the two organizations’ existing digital transformation work.
- Categories
- Finance, Technology
- Region
- Global
- Tags
- digital finance, MSMEs, research
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Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in Nigeria
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
- Categories
- Finance, Investing, Technology
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African Development Bank Group Earmarks $8 Million to Establish Interoperable Bank ID System in 4 West African Countries
The purpose of the new bank ID system is to enable the linkage of bank accounts across different financial service providers in what is seen as a financial inclusion push.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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ZestMoney Set to Lay Off Around 100 Employees After Acquisition Deal With PhonePe Falls Through
According to reports, the fintech company will trim its workforce by around 20% as part of its business continuity and survival plan.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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