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Press Release: MicroVest Capital Management Passes $1 Billion Disbursement Mark
“We are very excited to have crossed the $1 billion threshold, something we feel clearly exemplifies the successful and sustainable character of our business. I would like to thank all our investors, partners, dedicated employees and Board Members that supported us throughout this journey, without whom it would have not been possible.” says Gil Crawford, CEO of MicroVest Capital Management, LLC.
- Categories
- Uncategorized
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Brazil’s fintech boom offers new vertical opportunities for investors
In Latin America and Brazil, a lack of banking services has created a boom for entrepreneurs and investors seeking to build lucrative fintech innovators there. While 85 percent of Brazilians now live in cities, 40 percent remain excluded from traditional banking systems, according to São Paulo-based Itaú Unibanco, the largest private bank in Latin America.
- Categories
- Investing, Technology
- Region
- Latin America
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Vodacom strikes $2.6B deal for Safaricom stake
Combined, Vodacom said it will now have 32 million customers in the space, “making it a formidable player in financial services on the continent”. The deal also gives Vodacom a significant footprint in Kenya.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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E-payments to dethrone cash
“There is a clear correlation between the share of electronic payments and the opportunity for GDP growth,” Tim Murphy, general counsel and chief franchise officer for MasterCard, told The Post on the forum’s sidelines. “With every 1 percent increase in the share of electronic payments of a country’s personal expenditure, you can see somewhere between a third and a half of a percentage point increase in GDP.”
- Categories
- Technology
- Region
- Asia Pacific
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The peculiarities of ESG investing in China
The report found that the more strict the ESG rules a manager wants to follow, the bigger the deviations from country weightings in broad emerging market indices.
- Categories
- Investing
- Region
- Asia Pacific
- Tags
- governance
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This cryptocurrency project is now courting banks
The company said in a press release that by utilizing Stellar’s open-source network, it will be able to power payments between financial institutions and enable “seamless exchange between currencies, and let anyone build low-cost financial services.”
- Categories
- Technology
- Region
- North America
- Tags
- fintech
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Safaricom Launches M-Pesa Card for Point-of-Sale Payments
Already, the leading mobile service provider has signed up 13,000 customers in Nakuru to the newly launched M-Pesa 1Tap service.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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Social Enterprise Sector Is Missing Link in Africa Wealth-Creation Chain
The objectives of social businesses are generally seen as meeting social goals. They often reinvest profits back into the business or target audience or community. Africans may have to start thinking of using social enterprises -- whether at village, community or non-governmental organisations -- to create businesses, manufacture goods, expand financial services and farm commercially; and to serve as alternative public-service providers, delivering education, energy and accessible finance.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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