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Accion Venture Lab Launches $23m Inclusive Fintech Startup Fund
The Accion Venture Lab Limited Partnership, as it’s called, will make seed-stage investments in inclusive fintech startups, defined as ventures that “that leverage technology to increase the reach, quality, and affordability of financial services for the under-served at scale,” per a company release.
- Categories
- Finance
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India’s Mobile Payments Firm MobiKwik Reaches Rare Key Profit Milestone
The 10-year-old Gurgaon-headquartered firm said Tuesday it is now generating a profit excluding interest, taxes, depreciation and amortization.
- Categories
- Finance
- Region
- South Asia
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M-Pesa Mulls Joining Nigeria’s Mobile Money Market
Safaricom, a major player in the East African Telco market and mobile money operator, will be considering its prospects in the West African zone with Nigeria as the key driver.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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NGOs to be Grilled Over MFI Report in Cambodia
The National Bank of Cambodia and government yesterday cast doubt on a recent NGO report on microloans, demanding that those behind the critical claims provide evidence to support them in a closed-door meeting.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- microfinance
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EcoCash Bureau DE Change Launch to Spur Financial Inclusion in Zimbabwe
With a customer base of about 10 million, EcoCash will instantly dominate the bureau de change market share surpassing the combined transactions of more than 200 other licenced agencies countrywide.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Goldman Sachs, Point72 and Others Invest $42 Million in Mexico’s Credijusto
Mexico has experienced a steady rise in startups aiming to use technology and mobile phones to sell financial services to poor and middle-class customers who do not use traditional banks.
- Categories
- Finance, Technology
- Region
- Latin America
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Xiaomi Banks on Phone Data for Finance Play in India
The stakes are high for the world’s fourth largest mobile phone vendor, whose business model relies on low-margin hardware sales with services as a key long-term profit centre.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- digital finance
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Dawn of the QR Code in Chile’s Payments Market
A drop in the use of cash brings various benefits in areas such as security, financial crime reduction, tax collection rates and minting costs.
- Categories
- Finance, Technology
- Region
- Latin America
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