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New Report Finds $5 Billion in Investments in FinTech for Financially Underserved Americans
Study Tracking Investment Activity in FinTech Companies with Potential to Help Financially Underserved Consumers Shows Growing Market, Investor Opportunity, and Emphasis on Payments and Specialty Credit Technologies
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Fundamental Funding: How basing funding on business fundamentals helps early-stage enterprises
In India, hundreds of entrepreneurs are setting up innovative social businesses. They are able to access equity funding for early stage enterprises, but once they are past the proof of concept and need working capital, they hit a funding snag. Simmi Sareen explains this critical gap in the financial ecosystem, and how funding based on business fundamentals can address it.
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- impact investing
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A Farewell to Cash?: The move toward a cashless world – and what it could mean for the BoP
In a digital world, why do we remain so attached to old-fashioned bits of metal and paper? David Wolman tackles the question in his book, “The End of Money," which illuminates the forces that could be driving us toward a cashless future. He spoke with NextBillion Financial Innovation about what a cashless world might look like - and what it could mean for the poor.
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Yunus Sees New Law Spelling Beginning of the End for Grameen
Muhammad Yunus, the Nobel laureate and outcast founder of Grameen Bank, said Bangladesh’s move to tighten controls on the microcredit lender is “heart-breaking” and called for an end to state interference.
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Microinsurance in Asia and Oceania Grows by 40%
According to new research released by the Munich Re Foundation and GIZ, the microinsurance sector in Asia and Oceania has reached 172 million lives and properties covered, representing a 40% annual growth rate between 2010 and 2012. India is leading the market at over 100 million, whilst Malaysia and Indonesia emerge as having the most vibrant microinsurance markets with a growth rate of 185% and over 100% respectively, over the same time period.
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Empowering women social entrepreneurs in India
New 'Young Women Social Entrepreneurship Development Programme' in India is to identify women working in social enterprises and train them to become 'Master Trainers'.
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Econ 101: Three different ways to lift girls out of poverty
New projects that teach young women how to start a business, hold a bank account, and apply for financial aid can help to give them better futures and avoid the hallmarks of poverty -- poor health care, forced marriage, and early childbirth.
And Kathy Calvin, CEO of the United Nations Foundation, says that helping girls out of poverty will have a ripple effect that extends to fighting poverty for more than just themselves.- Categories
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Solving a $2.5 Trillion Problem: Can innovations in credit scoring give credit where it’s due?
Micro, small and medium-sized enterprises have a combined credit need of up to $2.5 trillion globally. This need is due to an intractable standoff between lenders desperate to capture this market, and borrowers unable to convey their creditworthiness in the antiquated ways demanded of them. Could credit scoring innovations utilizing non-traditional data ease the standoff?
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- credit scoring, lending
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