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IFMR Investment Managers raises $15 million debt fund targeting microfinance firms
Chennai-based IFMR Investment Managers, a wholly owned subsidiary of IFMR Capital, is raising a Rs 100 crore (around $ 15 million) debt fund to invest in the microfinance businesses.
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- South Asia
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10 new VC investors who are upbeat on Indian start-ups
The venture capital gold rush to India that began with Tiger Global Management’s purchase of a slice of Flipkart in 2010 ebbed five years later, ending in cash crunch, valuation cuts and many shutdowns in India’s start-up landscape.
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- South Asia
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United Bank for Africa and MasterCard sign pan-African partnership
The United Bank for Africa (UBA) and MasterCard have signed a five year partnership agreement to issue MasterCard credit, debit and prepaid cards across 19 new markets in Africa, including Liberia. Other countries are Nigeria; Benin; Burkina Faso; Cameroon; Chad; La Cote D’Ivoire; Democratic Republic of Congo; Equatorial Guinea; Ghana; Gabon; Guinea; Guinea-Bissau; Kenya; Mozambique; Republic of Congo; Senegal; Sierra Leone; and Uganda.
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- Sub-Saharan Africa
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Press Release: JPMorgan Chase & Co. and ideas42 Arm Nonprofits With Behavioral Insights to Help Tackle Financial Challenges Facing the Underserved
At a recent two-day event, JPMorgan Chase and ideas42 launched their newest joint initiative,The Behavioral Design Project: Promoting Financial Health. An immersive 18-month program bringing together 11 leading organizations in the financial capability field to define and tackle tough problems with a behavioral lens, the initiative offers an exciting new pathway to scale proven behavioral science methods in consumer finance.
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- North America
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OPINION: Why Social Investment Is A Threat To Charity Values
In a world where charities are already pitted against each other by funders looking to procure impact, using tools of social investment over grants makes a lot of sense. In a world where we move beyond charity competition into a collaborative one, it becomes much less interesting.
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Press Release: Developed Countries Struggle to Convert Economic Growth Into Well-Being
A new report by The Boston Consulting Group finds that many leading developed countries are not effectively converting their economic growth into well-being improvements for their citizens. Using BCG's measure of well-being, the research also finds a clear and measurable link between financial inclusion -- access to basic financial services such as a bank account -- and national well-being.
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- Europe & Eurasia
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Meet The Man Championing FinTech In Africa
South African-born Dave van Niekerk is the founder and CEO of MyBucks, a fast-growing African Fintech company that successfully delivers seamless financial services to banked and ‘unbanked’ consumers alike using next-generation technological platforms.
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- Uncategorized
- Region
- Sub-Saharan Africa
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U.S. House of Representatives Passes Fixes To Equity Crowdfunding Laws
In the more than two years since the passage of Title II of the JOBS Act, equity crowdfunding with accredited investors has rapidly grown, allowing startups to easily seek funding online with little added costs or hassles.
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