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Mongolia’s Untapped Lending Market Has Earned This Japanese-Backed Fintech Startup A $30M Valuation
In Mongolia, where the average monthly income is $390, informal loans between friends or family members are commonplace as credit and small bank loans are hard to get. On the other hand, small informal loans are almost expected to not be paid back.
- Categories
- Finance
- Region
- Asia Pacific
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Press release: Tiedemann Wealth Management Commits to Impact Investing with Threshold Group Partnership
“The importance of having a similar culture and vision for delivering multi-generational value for the families and foundations we serve was paramount in deciding to work together,” said Michael Tiedemann, CEO and Chairman of the Board of the combined firm. “Many of our clients have shown interest in impact investing. The addition of Threshold’s expertise in this area to our existing investment platform and comprehensive services will be a welcome addition for our clients today and prospects in the future.”
- Categories
- Investing
- Region
- North America
- Tags
- ESG, impact investing
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Fintech Major Mastercard Launches Its First Innovation Center In India
The India Innovation Centre Mastercard Labs will join hands with other financial institutions and merchant partners to identify and ideate futuristic digital payment solutions, to better safety and security.
- Categories
- Finance
- Region
- South Asia
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This New Tool Helps Social Entrepreneurs Pick The Right Accelerator For Them
If you work on food security or clean water or pollution prevention–or on one of more than 30 other issue areas–the tool narrows a list of 750 accelerators to those that are most relevant. The tool also filters by the location a startup aims to help, the type of business or nonprofit, the type of help the accelerator can provide, and the stage of the enterprise, from an idea to a business with strong revenue.
- Categories
- Uncategorized
- Tags
- nonprofits
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Accelerating fintech in China
In 2016, investment in mainland Chinese and Hong Kong fintech ventures totaled $10.2 billion, exceeding North America’s $9.2 billion. Many domestic financial services and e-commerce conglomerates are supporting Chinese fintech startups.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech, startups, venture capital
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Reserve Bank of India to Launch Financial Literacy Drive in Nine States
Six NGOs registered with the Depositor Education and Awareness Fund -- CRISIL Foundation, Dhan Foundation, Swadhaar Fin Access, Indian School of Micro Finance for Women (ISMW), Samarpit and the PACE Foundation -- have been selected to execute the pilot project in collaboration with banks.
- Categories
- Finance
- Region
- South Asia
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Common Cents Lab Opens Applications for 2018 Financial Services Cohort
Each year, the lab collaborates with chosen financial services providers to custom design, test, and launch new features and products that aim to increase financial well-being for 1.8 million low- to moderate-income (LMI) households in America.
- Categories
- Finance, Impact Assessment
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New development impact bond brings in big donors, provides biggest test of model to date
Gwokajja’s story is one of several thousand supported through Village Enterprise, a nongovernmental organization working to eliminate poverty in sub-Saharan Africa through entrepreneurship and innovation. The organization’s network of entrepreneurs is set to grow significantly through a new development impact bond that is trailblazing many firsts — the first in the world to focus specifically on poverty alleviation, the first in sub-Saharan Africa, and the first to bring on major donors, including the U.S. Agency for International Development and the U.K. Department for International Development.
- Categories
- Investing
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