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Indian Fintech Helps Millenials With Managing Credit Scores, Acquires $6 Million in Capital
Slice, a Fintech company that provides various card-based products to young people in India to help manage their credit scores, has secured $6 million in capital via a round led by Japanese venture capital firm, Gunosy.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
- Tags
- credit scoring, fintech
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Zimbabwe Has Banned All Mobile Money Services as Its Currency Troubles Worsen
Mobile money platforms have been banned in Zimbabwe as the country’s local currency continues to lose value, with authorities desperately hoping to arrest the decline. But the move has left subscribers and users stranded in an economy which sees a huge portion of transactions flow through mobile money platforms due to long-term cash shortages at the banks.
- Categories
- Finance, Impact Assessment
- Region
- Sub-Saharan Africa
- Tags
- financial health
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Mobile money is booming in Africa as countries shun cash amid the pandemic
As movement restrictions to curb Covid-19 prevent customers from accessing cash, mobile banking is filling the gap
- Categories
- Coronavirus, Impact Assessment, Investing
- Region
- Sub-Saharan Africa
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Viewpoint: The Importance of Digital Microfinance for Emerging Markets in a COVID-19 World
Digital products and features that speak directly to customer needs are most likely to have an impact, particularly during a time when we’re seeing a spike in digital inquiries as a result of the stresses and concerns prompted by the pandemic. Real-time advice and quick access to practical solutions that enable quick action are among the most direct routes to improved financial health during an increasingly challenging time.
- Categories
- Coronavirus, Finance
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Post-Pandemic Funding Solutions for Struggling Social Entrepreneurs
Small business owners across the United States are confronting the fact that financial help from the federal government, if it comes at all, may not be enough to weather the COVID-19 crisis. Economic fallout from the pandemic and the specter of a recession pose threats to every entrepreneur, especially to those in the business of creating social impact.
- Categories
- Coronavirus
- Region
- North America
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Press Release: DFC Announces New “IQ” Development Impact Measurement Tool
“IQ is a state-of-the-art tool that allows DFC to measure our progress in fulfilling our development mandate,” said DFC Chief Executive Officer Adam Boehler. "I am extremely proud of the DFC team for its hard work in developing IQ. I also want to thank the many stakeholders that provided input along the way. I look forward to working with our stakeholders to continue refining and improving IQ.”
- Categories
- Impact Assessment
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Press Release: Convergence Awards Allotrope Partners Feasibility Grant Through Indo-Pacific Design Funding Window
With funding from the Australian Government, Convergence is pleased to announce it has awarded a feasibility study grant to Allotrope Partners (Allotrope) through the Indo-Pacific Design Funding Window, supporting the development of an innovative blended finance vehicle targeting Sustainable Development Goal 7–Affordable and Clean Energy in the Philippines.
- Categories
- Energy, Impact Assessment
- Region
- Asia Pacific
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Press Release: Vodacom M-Pesa Tanzania Goes Global
Hisham Hendi, Vodacom Tanzania CEO lauds the move as crucial support for the remittance ecosystem. The mobile Money services continues to drive economic growth in Africa.
- Categories
- Coronavirus, Finance
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