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Will JOBS Act Equity Crowdfunding Ever Happen?
On April 5, 2012, a revolutionary avenue of capital formation for small businesses was created when President Obama signed The JOBS Act into law and equity crowdfunding in the United States was born. Entrepreneurs with small businesses were excited by the prospect of using online crowdfunding to raise up to $1 million by selling equity in their company, something not allowed on rewards-based crowdfunding sites Kickstarter or Indiegogo. When the JOBS Act was passed, the new law gave the Securities and Exchange Commission until January 1, 2013 to publish regulations and rules that would allow this game-changing law to go into effect.
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- Uncategorized
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- crowdfunding
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Mastercard Opens Tech Hub and Preps for Masterpass in India
MasterCard has opened its largest Tech Hub outside of the U.S. in Pune, India, and plans to roll out its mobile payments system in April, the card brand said on Wednesday (Feb. 4).
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- South Asia
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IDB to support BoP families in the Dominican Republic with access to credit for home improvements
Loan of up to $5 million has mobilized an additional $5 million through a B-loan syndication.
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- Region
- Latin America
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Ethiopia Launches Mobile Money Schemes to Extend Banking Reach
Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- digital payments
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Can Mobile Banking Revolutionize the Live of the Poor?
In the village of Sori along the banks of Kenya’s Lake Victoria, fishing has long been the lynchpin of the local economy. Jobs here are largely divided by gender: men catch the fish, and the women process the meat, take it to market, and handle finances.
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Bitcoin’s Big Opportunity in Africa
On a Tuesday night at a Nairobi tech incubator, Michael Kimani preaches the virtues of crypto currencies to a small gathering of tech-savvy Kenyans.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Jeff Bezos-Backed Startup Remitly Now Offers Money Transfers to India
Remitly wants to make it easier and cheaper for people to transfer money to family and friends in India.
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- Uncategorized
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- South Asia
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- digital payments
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Obama’s Visit, New Partnership Could Boost Mobile Money in India
The focus of the media attention during the president's visit was the historic invitation to be the honored guest at India's Republic Day -- a first for the U.S. and a signal of the close and evolving relationship between the two countries. However, what got little notice was something the president left behind, something that will likely contribute to the biggest transformation for the poor in India.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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