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East Ventures announces new $30M fund to continue investing in Indonesia
This new $30 million fund is the firm’s sixth to date in Southeast Asia, and remarkably its second in 2017 alone. A $27.5 million fund announced in January was fully deployed in less than a year as outside interest in Southeast Asia blew up in 2017, with Indonesia the focal point for investors like Chinese web giants Alibaba and Tencent. Today marks the first close of the new fund.
- Categories
- Investing
- Region
- Asia Pacific
- Tags
- venture capital
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Mexico readies bill to regulate fast-growing fintech industry
The new measures will allow Mexico to join a small list of countries, including the United States and Britain, that have sought to regulate fintech firms.
- Categories
- Finance
- Region
- Latin America
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Can Google’s mobile wallet Tez revitalise India’s struggling digital payments industry?
As Google debuts its new mobile payments app for India, Mumbrella Asia editor Eleanor Dickinson looks at the implications for the country’s cash-based economy and whether marketers are ready for change
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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Unilever raises the bar on private sector leadership to achieve the SDGs through digital payments
In a significant step towards integrating social benefits into business strategy, the UN-based Better Than Cash Alliance announced its newest member: Unilever.
- Categories
- Finance
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We need solutions that can be scaled up, and that too across diverse regions: Shrikant Sinha
Nasscom Foundation chief Shrikant Sinha talks about why he believes scalability is more important than pure innovation and how technology-led innovations can help India transform.
- Categories
- Impact Assessment, Technology
- Region
- South Asia
- Tags
- global development, scale
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Kenya: Facebook-Linked Mobile Lender Raises $2M for M-Pesa Loans
Branch, a Facebook-linked mobile phone lending app, has raised 200 million Kenyan shillings ($2M) by issuing a commercial paper. The Silicon Valley start-up will use the funds to grow its loan book.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Will Crowdfunding Become a Big Deal in India?
Crowdfunding — the practice of raising small amounts of capital from a large number of people to fund new ventures — is finally gaining traction in India. The question is: Will it deliver like it has in other markets?
- Categories
- Finance
- Region
- South Asia
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CARE Enterprises Announces Plans to Deploy $30 Million through Investment Structures and Collaboration with World Economic Forum’s Fourth Sector Development Initiative
For-benefit enterprises are hybrid business structures whose primary purpose is to deliver social and environmental benefit. They constitute a fourth sector of the economy, which has been growing at the intersection of the traditional private, public and nonprofit sectors for decades.
- Categories
- Investing
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