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Ugandan Fintech Numida Secures $2.3 Million
Uganda-based fintech startup Numida has secured $2.3-million in a seed funding round led by MFS Africa with participation from DRK Foundation, Equilibria Capital, and Segal Family Foundation alongside angel investors.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Analysis: Grassroot Strategy to Realize Financial Inclusion in Indonesia
Many Indonesians, especially those living in rural areas, remain unbanked or have yet to become part of financial inclusion.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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SendSpend Launches Across Sub-Sahara Africa
SendSpend has officially launched its global payment system which enables the unbanked to pay online and remit money instantly to each other using only a smartphone.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian Fintech Appzone Raises $10 Million for Expansion and Proprietary Technology
Africa’s fintech space has gained proper attention over the past few years in investments but it is not news that startups still battle with offering high-quality products.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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South Africa Telco MTN Targets $5 Billion for Mobile Money Expansion
South Africa-based MTN, the mobile phone company, has plans to value its mobile money arm at over $5 billion, a report from Financial Times (FT) says.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Mastercard and Uber Extend Partnership to Boost Growth of Digital Economy in Middle East and Africa
Mastercard and Uber has announced extending their long-standing partnership with a new strategic initiative focusing on digital payments and advancing financial inclusions, facilitated by Mastercard across the Middle East and Africa (MEA).
- Categories
- Finance
- Region
- North Africa & Near East
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Cambodia’s Lenders Suspend Loan Principle, Interest Collection Amid Pandemic
Two associations representing Cambodia’s microfinance institutions (MFIs) and banks issued a joint statement Wednesday agreeing to grant borrowers a reprieve from repayment of loans and interest amid the country’s latest and deadliest outbreak of the coronavirus.
- Categories
- Coronavirus, Finance, Health Care
- Region
- South Asia
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Press Release: Kiva Capital Management Announces Final Close of Kiva Refugee Investment Fund to Scale Lending to Fragile Communities Globally
Kiva Capital Management, the impact-first fund management subsidiary of non-profit Kiva.org, announced today the successful final close of the Kiva Refugee Investment Fund, LLC, a $32.5 million facility to scale lending to fragile communities globally.
- Categories
- Finance
Parent Organization
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