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Identifying the most promising ventures, the Village Capital way
Rather than getting entrepreneurs to make a pitch before it for funding and then going through an elaborate due diligence process, Village Capital finds these entrepreneurs and trains them before investing in their ventures. It runs an accelerator programme for 10-12 entrepreneurs and uses a peer-selection method to decide the ventures it will invest seed capital in.
- Categories
- Investing
- Region
- South Asia
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Alibaba executive chairman creates $10M African youth entrepreneur fund
Alibaba Group Executive Chairman Jack Ma launched a $10 million African Young Entrepreneurs Fund at the YouthConnekt Africa Summit. The fund is expected to be operational this year.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Rural India Is Recovering From the Cash Ban
India’s micro-finance industry, which provides small loans to entrepreneurs and business owners who have little collateral, was slammed when the government withdrew high-denomination bank notes from circulation late last year in a bid to stamp out corruption.
- Categories
- Uncategorized
- Region
- South Asia
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Advisory board on impact investing to drive SDGs
More than 550 people from 43 countries met in Chicago to discuss how to deploy sufficient private capital to fund the Sustainable Development Goals over the next 13 years. It was a ringing response to recent cries for nationalistic policies regarding the insufficiency of planetary resources.
- Categories
- Impact Assessment, Investing
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Going Cashless? Bad for Tax Cheats, Privacy, Poor
Could physical cash go away entirely? Economists see great payoffs in a cashless society: lower transaction costs, new tools to manage economic growth and an end to tax evasion and money laundering. Critics see an end to privacy, frightening new powers for tyrants and costs that would fall disproportionately on the poor.
- Categories
- Technology
- Tags
- fintech
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Global Remittances Conference has named Africa as the most expensive place to send money globally
“The absence or weakness of a digital payments infrastructure and acceptance network, a financially included population, and/or an identification system means that many of the traditional acceptance services, such as terminating into a bank account or mobile wallet, are not always available,” the report says.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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MobiKwik partners with Samsung Pay for one-tap payment solution in India
Digital payments company MobiKwik has partnered Samsung Pay, under which consumers will be able to make payments with a single tap using select Samsung handsets.
- Categories
- Uncategorized
- Tags
- digital payments, fintech
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Report: The Fight for Light: Improving Energy Access through Digital Payments
Digital payments are at the core of the most successful new models for reaching last-mile customers, enabling businesses and governments to link under-served households with essential services.
- Categories
- Energy
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