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Jambo Secures $7.5 Million in Seed Funding to Build Africa’s web3 ‘Superapp’
African web3 startup Jambo has raised $7.5 million in a seed funding round that involved notable investors from the crypto space, the company announced on Monday.
- Region
- Global
- Tags
- cryptocurrency
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Tanzania, Uganda, and South Africa Are the Top African Markets for Remittance Inflows in Kenya
Diaspora remittances decreased by 3.4 percent, as Kenyans working and living abroad sent home $338.7 million (Sh38.3 billion) in January 2022 compared to a monthly record high of $350.6 million (Sh39.6 billion) in December.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Startup Propelld Gets $35 Million in Funding
Propelld, an education-focused fintech platform, has raised $35 million from WestBridge Capital, as also from existing investors Stellaris Venture Partners and India Quotient, Founded by IIT Madras trio of Bibhu Prasad Das, Victor Senapaty and Brijesh Samantaray in 2017, Propelld has tied up with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 crore.
- Categories
- Education, Finance, Technology
- Region
- Asia Pacific
- Tags
- startups
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Improving Financial Solutions for Women Micro-Entrepreneurs: A Report Highlights Key Focus Areas for Microfinance Providers
The disproportionate impact of the COVID-19 pandemic on women is well-established – and for women micro-entrepreneurs, these impacts are compounded by existing business, financial and household challenges. Brit Heiring at Kiva and Liz Larson at UNESCAP explore how microfinance institutions and other providers can design financial solutions that meet these entrepreneurs’ unique needs. They share data from a report that focuses on the realities facing women micro-entrepreneurs, and explore how financial service providers can effectively support them.
- Categories
- Finance
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Malawi Gets $14.2 Million Grant for Financial Digitalisation
The African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14,2-million to undertake infrastructure upgrades and create a more efficient and transparent digital payment system.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Trace Finance Announces $4.3 Million Seed Investment to Disrupt Global Banking for Latin American Startups
Trace Finance, a Brazilian fintech startup that enables faster and more streamlined cross-border banking for startups, has announced a $4.3 million seed funding round.
- Region
- Latin America
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BBVA to Invest $300 Million in Brazil’s Virtual Bank Neon
BBVA has reportedly agreed to invest $300 million (around €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims “to improve access to financial services for individuals, self-employed and small businesses in its country.”
- Categories
- Finance
- Region
- Latin America
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Thai Lender Siam Commercial Bank Invests $100 Million in Indonesia’s Akulaku
Thailand's Siam Commercial Bank Pcl announced a $100 million investment in Indonesian fintech startup Akulaku, as part the bank's expansion overseas and into technology.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
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