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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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Indonesia’s Flip Raises $55 Million in Second Series B Round Led by Tencent
Flip, an Indonesia-based consumer payments platform, announced a Series B funding round led by Tencent, with participation from Block, Inc. and existing investor Insight Partners.
- Categories
- Finance, Technology
- Region
- South Asia
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SentinelOne Plans to Invest $50 Million in India, Launches Operations Centre in Bengaluru
The company today launched its 'Operations Centre' in the city to help organizations in the broader region address the growing threat of cyberattacks.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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