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Press Release: Kinara Capital Secures 7 Million From IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs
Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- financial inclusion, MSMEs
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Analysis: Coronavirus Pandemic Spawns Nigeria Banking Agent Boom
When Lagos imposed a lockdown last year, Nigerian civil servant Ruth Oladimeji saw a way to earn extra money. With people unable to visit banks due to the coronavirus pandemic, she became an agent providing local banking services.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Minu, a Mexico City-Based, Pay-on-Demand Startup, Lands a $14 Million Series A
Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class.
- Categories
- Finance, Technology
- Region
- Latin America
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Land Bank of the Philippines Lends Over $143 Million to MSMEs and Co-Ops for COVID-19
The Land Bank of the Philippines (LANDBANK) has approved loans totaling P6.95 billion for 227 borrowers composed mostly of micro, small and medium enterprises (MSMEs) and cooperatives that are affected by the impact of the COVID-19 pandemic.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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In the Race for Dominance in African Fintech, Partnerships With Phone Makers Are Transforming the Landscape
Corporate partnerships and acquisitions have proliferated in Africa's fintech sector in recent years, as companies fight for dominance in the growing digital payment space. Digital economy analyst Jill Lagos Shemin highlights an emerging element of this trend: alliances between mobile phone makers and payment providers and telecom operators. She explores how these partnerships can boost customer access to smartphones and digital credit, while expanding Africa's digital finance ecosystem and building tech players' footprint in this sought-after market.
- Categories
- Finance, Technology, Telecommunications
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Brazilian Fintech RecargaPay Raises $70 Million Series C Round
Founded in Brazil in 2010, RecargaPay set out to provide a comprehensive and user-friendly financial services ecosystem that would be accessible even to people who do not have bank accounts.
- Categories
- Finance
- Region
- Latin America
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Stori Raises $32.5 Million in a Lightspeed-led Series B to Build Mexico’s Credit Card for the Masses
While credit cards are commonplace in the United States, they are far less ubiquitous in many other countries, particularly those in Latin America. In Mexico in particular, cash remains the dominant method of payment, with an estimated 86% of all payments being in the form of cash.
- Categories
- Finance, Technology
- Region
- Latin America
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Activating a Network of 4 Million: Community Health Workers are Key to Fighting COVID-19 – Here’s How They Can Accelerate Financial Inclusion
The COVID-19 pandemic has transformed the role of community health workers. According to Tanjila Mazumder Drishti, Khondokar Anwar Shadat and Raiya Kishwar Ashraf at BRAC, it has also demonstrated their potential as proponents of financial access — for themselves and the families they serve. They explore a BRAC initiative to enroll its 50,000 health workers in Bangladesh in mobile money, and share how this scalable model could have enormous implications for global financial inclusion.k
- Categories
- Coronavirus, Finance, Health Care, Transportation