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Amartha Bags US $50 Million Debt Financing to Provide Working Capital to Female Entrepreneurs in Rural Indonesia
Amartha, an Indonesian P2P lending platform focused on women micro-entrepreneurs, announced today it has secured a US$50 million debt financing from US-based Lendable.
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- Uncategorized
- Region
- South Asia
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Investment for Women-Led Businesses is Missing Ingredient in African Entrepreneurship
Women make up 58% of African’s self-employed population, yet there are still significant imbalances between opportunities to scale, access to funding and training between men and women-led businesses on the continent.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Christensen Institute, MIT Legatum Center Launch Bootcamp for African Innovators
The Clayton Christensen Institute, a nonprofit and nonpartisan think tank based in Boston and Silicon Valley in the United States, has announced a collaboration with the MIT Legatum Center for Development and Entrepreneurship aimed at empowering early-stage entrepreneurs in seven African countries to create new economic growth engines. The new collaboration, called Market-creating Innovation (MCI) Bootcamp, aims to bridge the gap between emerging market entrepreneurs and market-creating innovation opportunities.
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- Uncategorized
- Region
- Sub-Saharan Africa
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These Investors Want to Back ‘Ridiculously Early’ Female-Led African Startups
In 2019, female-led companies received less than 5 percent of the global venture capital. Bringing it to Africa, only 10 percent of the West African startups that cumulatively raised $1 million had at least one female co-founder in the past decade.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- startups
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New Mobile App to Reduce Food Waste Among Winners of $10 Million Inclusive Growth and Recovery Challenge
Today, data.org announced the eight global winners of the $10 million Inclusive Growth and Recovery Challenge, which aims to address major societal challenges through computer and data science. Among the winners is a project by BASE (Basel Agency for Sustainable Energy) and Empa that aims to give smallholder farmers in India access to sustainable cooling facilities through a mobile app to reduce food waste.
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- Uncategorized
- Region
- South Asia
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- smallholder farmers, waste
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Gpay Raises Series a From KB Financial to Expand Its E-Wallet Platform in Vietnam
The fresh funds will be used to expand Gpay's team and customer base and also upgrade its tech solutions
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- Uncategorized
- Region
- South Asia
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Y Combinator-Backed Drip Capital Crosses $1 Billion Milestone in Trade Financing for Small Businesses
Credit and Finance for MSMEs: Drip has recorded a 50 per cent quarter-on-quarter growth in the last three quarters, according to Co-founder and CEO Pushkar Mukewar.
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- Uncategorized
- Region
- Asia Pacific
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- business development, data, MSMEs, startups
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MOMO Secures Series D to Become Vietnam’s Next Super-App; Plans to Launch New Startup Fund
Vietnam-based payments app Momo has raised an undisclosed amount in Series D financing, says a DealStreetAsia report.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments, startups
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