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Indonesia’s PINA Secures $3 Million in Fresh Capital From AC Ventures, Others
The platform’s goal is to enable Indonesians to achieve financial independence by making complex financial decisions understandable and pertinent.
- Categories
- Finance, Technology
- Region
- South Asia
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Crypto: What Can It Do for Those in Poverty?
From using crypto for fundraising for charity to providing food vouchers to refugees, the social sector seems increasingly open and ready to tap into this new form of digital cash.
- Categories
- Finance, Technology
- Region
- Global
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Indonesia’s Mapan Secures $15 Million Series a Funding Co-Led by Patamar Capital and PT Astra Digital Internasional
Mapan, an Indonesia-based FinTech startup, announced it has closed a successful Series A round of $15 million co-led by Patamar Capital and PT Astra Digital Internasional.
- Categories
- Finance, Technology
- Region
- South Asia
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How the Pandemic Accelerated Financial Inclusion Around the World
The World Bank’s Global Findex 2021 report shows the digital revolution, which accelerated during the Covid-19 pandemic, has transformed the financial services sector.
- Categories
- Coronavirus, Finance, Technology
- Region
- Global
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LeadSquared Raises $153 Million in Funding Round to Attain Unicorn Status
LeadSquared, which provides firms with tools to easily onboard vendors, plans to use the money to double down on growth investments in India and North America.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- edtech
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Tanzania Slashes Controversial Mobile Money Levy
The levy charged on sending, receiving money using mobile phones drew criticism for heaping burden on people.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The Leapfrog Opportunity in ‘Know Your Customer’ Innovation: Why Africa Needs Local, Digitized KYC Solutions
Know Your Customer (KYC) is a critical process for banks, as it enables them to validate their customers’ identities to fulfill regulatory requirements and protect against fraud. But as Timbo Drayson at OkHi explains, KYC is a big and expensive problem in Africa: For instance, in Nigeria some banks are spending up to $1 million per year to manually verify identities, and 15-30% of customers never complete these processes. He explores three key challenges to KYC in Africa, and presents some tech-driven solutions that could allow the continent to leapfrog to a new global best practice for KYC.
- Categories
- Finance, Technology
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Press Release: “Sunshot Initiative” Launched by Husk Power to Impact 2 Million Nigerians by Scaling Solar Microgrids for Rural Economic Growth
The “Nigeria Sunshot Initiative” will benefit at least 2 million Nigerians with reliable, renewable energy by 2026.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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