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Gates Foundation to Help India’s Payments Banks with Tech, Innovation
The Bill & Melinda Gates Foundation will help newly licensed payment banks in technology sharing and innovation as it expects India to become a global showcase for digital payment systems in the next three to five years, Daniel Radcliffe, senior officer at the financial services for the poor (FSP) programme at the foundation, said in an interview on Friday.
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- South Asia
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World’s Most Sustainable Water Source to Raise $10 Million in California Direct Public Offering
Cutting Edge Capital (CEC), a leading firm helping social ventures and entrepreneurs raise capital, announced today that its client WaterFX Hydro I, Inc., dba HydroRevolution, received regulatory approval for a California limited public securities offering (DPO) to accredited and non-accredited investors in the amount of $10 million. The offering is being listed on CuttingEdgeX, a web-based platform that showcases DPOs for all types of investors. CuttingEdgeX’s Online Investment Tool (OIT) streamlines the investing process by allowing issuers like HydroRevolution to post the offering documents, explain the investment, stay in compliance with the securities laws, and receive commitments from investors, all electronically.
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- impact investing
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NexThought: From Soap to Cassava – Mentoring Makes the Difference
Cynthia Ndubuisi Mene’s biodegradable liquid soap business, Ever Glow, enjoyed early success in her home country of Nigeria. But as she looked to expand, she sought the guidance of a mentor and found one through the MicroMentor.org network. Her relationship with a former UPS president has not only helped her scale EverGlow, but has led to new business opportunities.
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Indian MFIs Face Legal Hurdles in Plans to Track Borrowers’ Credit Histories Through National IDs
Microfinanciers’ plans to check Aadhaar numbers to ensure potential borrowers aren’t already loaded with loans may come undone after a recent interim ruling by the Supreme Court restricted the use of Aadhaar data to ration shops and cooking gas.
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- South Asia
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- lending, microfinance
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A Short Holiday for the NB Team:
So that NextBillion's editorial team can enjoy the Labor Day holiday here in the United States, we are taking a little break. NextBillion will resume publication on Tuesday, Sept. 8.
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Funding for Indian Startups Won’t Dry Up: Omidyar’s Roopa Kudva
Roopa Kudva, 51, took charge of the India operations of New York-based impact investor Omidyar Network in early July.
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- South Asia
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Viewpoint: Costly Cash
Suppose there were a way of getting money to some of the world’s poorest people precisely when they need it. Suppose, too, that the flow hardly ever diminished, even during a global financial crisis. Finally, suppose the cash could not be creamed off by corrupt local officials. Surely every right-minded government in the world would want to encourage this and make it as cheap and easy as possible?
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Will India’s New Focus on Financial Inclusion Pay Off?
When India launched the Jan Dhan (people’s wealth) program a year ago, many observers regarded it as an experiment that would fail. But while the program may not have measured up to the claims of its proponents, evidence shows it has had some positive impacts.
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- Uncategorized
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- South Asia
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