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NowNow Raises $13 Million in Seed Funding to Expand Services Across Africa
The company says that the funding will help it introduce new products that will further enhance its already existing consumer banking, agency banking, and merchant payment solutions.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Colombian Fintech Start-Up Plurall Bags $20 Million Debt Funding
Plurall, a Latin American fintech start-up aiming to provide financial services for entrepreneurs, has raised $20 million in debt financing.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- financial inclusion, fintech, MSMEs, startups
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Analysis: Francophone Africa’s First Unicorn Is Disrupting the Region’s Mobile Money Market. But Can It Last?
Wave’s rise has burst open the mobile money landscape in the West African country by fueling competition with existing players.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Analysis: An Economic Perfect Storm Is Battering Emerging Markets. Debt Crises Loom
The U.S. dollar strengthened to a 20-year high against a collection of foreign currencies this week, spelling more trouble for heavily indebted smaller nations around the world.
- Categories
- Finance
- Region
- Global
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R2 Closes $15 Million Series A Round to Provide Frictionless Credit to Small Businesses
87% of credit demand by small businesses in Latin America is unmet, and R2’s goal is to change this reality through an embedded lending infrastructure.
- Categories
- Finance, Technology
- Region
- Latin America
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Why Credit is Key to Unlocking Africa’s Consumer Markets and Boosting Economic Growth
Africa’s consumer market is one of the fastest-growing in the world. But as Fehintolu Olaogun at CredPal points out, this growth has primarily occurred without consumer credit, as most sub-Saharan African economies remain cash-driven at the retail level. He explains why African markets need the kind of organized credit systems that are enjoyed by consumers in more developed markets, and explores the impact that credit access can have on e-commerce, informal commerce and overall economic growth in the region.
- Categories
- Finance, Telecommunications
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Analysis: Payment Service Banks: A Game-Changer for Financial Inclusion in Nigeria
Payment service banks are modelled on India’s Payment Banks, with a vision to similarly provide platforms for facilitating high-volume, low-value transactions in remittance, micro-savings, and withdrawals, in a secure technology-driven environment.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Data-Driven Experiences Critical to Bank Success as Industry Reaches ‘Inflection Point’ in Race for SME Customers
The race for SME (small and medium enterprise) customer primacy has reached a critical inflection point, according to a new guide from London-based Pollinate.
- Categories
- Finance
- Region
- Global