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Kinara Capital Raises $50 Million in Equity from Nuveen, ASN Microkredietfonds to Boost Lending to MSMEs in India
India’s Kinara Capital recently raised INR 3.8 billion (USD 50 million) in equity from the Global Impact Fund of US-based Nuveen.
- Categories
- Finance
- Region
- Asia Pacific
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Panama Is Poised to Approve the Use of Bitcoin and 8 Other Cryptos ‘Without Limitation’
Lawmakers in Panama have approved a bill that would regulate the use of Bitcoin and eight other cryptocurrencies to be used to pay taxes and private transactions.
- Categories
- Finance, Technology
- Region
- South Asia
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Strengthening the ‘Environment’ Component of ESG: How Financial Institutions Can Bring Green Financing into the Mainstream in India
Environment, social and governance (ESG) reporting is a critical enabler for many companies that hope to leverage business for social good. But according to Aryasilpa Adhikari and Priyank Sharma at the Inclusive Finance India Initiative and Srishty Anand at Fair Finance India, though Indian financial institutions have shown an increased focus on the social and governance components of the ESG framework, the environment component has generally been less of a priority. They explore several ways India can change this dynamic and bring green finance into the mainstream.
- Categories
- Environment, Finance, Investing
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Honeycomb Credit, Upstart Co-Lab to Allow Institutional Money to Participate in Crowd Loans
Honeycomb Credit, a bank replacement regulated Funding Portal, has announced a partnership with Upstart Co-Lab, to offer a “first-of-its kind loan crowdfunding platform.”
- Region
- North America
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We-Fi announces New Round of Funding for Women Entrepreneurs; $15 Million to the Africa Digital Financial Inclusion Facility to Improve Access to Finance for Women-owned Small Businesses
Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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African Development Bank Approves $180 Million Loans to Extend Electricity Access to Rural Areas in Rwanda
This follows the 26 May 2021 approval for $84.2 million from the resources of the African Development Fund (ADF), the concessional window of the Bank Group, for the same project.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Tofino Capital Launches $10 Million Fund for Frontier Tech in Africa, Other Markets
VC firm Tofino Capital has completed a first close of US$5 million of a US$10 million fund focused on investing in early-stage companies in Africa, Latin America, Asia and the Middle East.
- Categories
- Finance, Technology
- Region
- Global
- Tags
- impact investing, startups
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India’s Blanket Approach to Financial Inclusion Is Leaving Women Behind: Here Are Four Ways to Close the Gender Gap
India's Pradhan Mantri Jan Dhan Yojana program has been a game-changer for financial inclusion in the country. But according to Akhand Jyoti Tiwari, Sonal Jaitly and Saloni Tandon at MSC, the campaign faces considerable challenges, as evidenced by India's substantial gender gap in account ownership and usage. They argue that the program's blanket approach has contributed to these gaps, by overlooking women’s unique needs while targeting the population at large. They explore four things the country can do to better enhance the financial inclusion of women.
- Categories
- Finance, Impact Assessment, Technology
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