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72 Microfinance Institutions Join Inaugural Microfinance Index
Impact performance measurement of microfinance institutions in 41 countries will launch in Q2 2022 with support from sector leaders.
- Categories
- Finance, Impact Assessment
- Region
- Global
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Going Farther Together: A Recent Report Explores How Partnerships are Boosting Financial Inclusion in Nigeria
Nigeria missed its central bank’s target of 80% financial inclusion by 2020, and a new target has been set for 95% inclusion by 2024. According to Olayinka David-West and Ibukun Taiwo at the Lagos Business School, partnerships are an effective way to pursue this goal and serve the 38 million citizens who lack financial access. They share findings from a recent report that explores the state of Nigeria's digital financial services market, and highlight the critical success factors that can impact the effectiveness of partnerships in advancing financial inclusion.
- Categories
- Finance, Telecommunications
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Softbank Shifts Latin America Plan With New Early-Stage Spinout, Upload Ventures
SoftBank Latin America Fund announced that it is spinning out its early-stage Latin American investment arm into a new autonomous entity, dubbed Upload Ventures.
- Region
- Sub-Saharan Africa
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Aavishkaar Raises $130 Million for First Close of Latest Fund
Aavishkaar Capital has raised more than ₹1,000 crore ($130 million) for the first close of its latest impact investment fund.
- Region
- Global
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Gotrade Raises $15.5 Million to Make Investing Fun, Fair and Simple in Southeast Asia, Launches in Indonesia
Gotrade is an investing platform that allows users to trade fractional shares of U.S. stocks and ETFs.
- Categories
- Finance, Technology
- Region
- South Asia
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Fintech Services Contribute to Increase in Financial Literacy in India
With nearly 2000 fintech startups in the country, one would imagine India’s financial literacy to be high. Yet, statistics show that despite a population of over 1.3 billion people, about 76% of the adult population still lacks basic financial concepts.
- Categories
- Finance
- Region
- Asia Pacific
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Supporting Financial Health Startups: Four Lessons for Impact Investors, Foundations and Governments
Over the past few years, Village Capital has run Finance Forward, a global coalition to support early-stage entrepreneurs building tech-enabled solutions around financial health. Village Capital CEO Allie Burns shares highlights from a new report that analyzed data from the 1,000+ companies that applied to the program around the world. The report paints a picture of the global state of financial health startups, and offers lessons for impact investors, foundations and government leaders who hope to grow the ecosystem for financial health innovation.
- Categories
- Finance, Impact Assessment, Investing, Technology
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India’s Axis Bank Accelerates Retail Push With $1.6 Billion Citi Deal
Indian private lender Axis Bank has decided to bulk up its credit card and retail businesses with a $1.6-billion purchase of Citigroup Inc's local consumer banking arm.
- Categories
- Finance
- Region
- Asia Pacific
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