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Mobile money increasing healthcare access
With access to healthcare remaining a major problem in Sub-Saharan Africa because of costs, the continent could benefit from using services such as mobile money and savings.
- Categories
- Finance, Health Care
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Block-chain based microfinancing for Kenyan food stall owners
IBM Research and Twiga Food will be extending access to microloans to 220 food stall retailers across Kenya using a block-chain based financing system.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- blockchain, fintech, microfinance
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Mobile money-saving app Qapital raises $30 million to spend on growth
Qapital, one of a slew of mobile applications trying to make it easier for users to save money (and spend it more wisely), has raised $30 million in fresh financing as it expands beyond savings to offer investment advisory services.
- Categories
- Finance
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Tunisia operators make mobile money interoperable
Tunisia became the latest country to introduce interoperability between rival mobile money services, with the functionality set to be expanded to traditional financial institutions.
- Categories
- Finance
- Region
- North Africa & Near East
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Nigeria’s mobile money scheme crawls at 1% penetration
After about five years of operation in Nigeria, mobile money has only been able to attract just one per cent penetration.
- Categories
- Finance
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Global Findex: Technology Can Bridge Financial Inclusion Gap
A new World Bank report based on data collected in partnership with Gallup shows that 1.2 billion adults worldwide have opened a bank account since 2011, including 515 million in the past three years. Globally, 69% of adults -- 3.8 billion people -- now have an account at a bank or with a mobile money provider.
- Categories
- Finance, Technology
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China’s VC firm LUN Partners leads $4.5m Series B in fintech firm MFS Africa
The funding round makes MFS Africa, operator of the largest digital payments network in Africa, the first African fintech company to receive funding from a China-based VC, according to a statement released on Wednesday.
- Region
- Sub-Saharan Africa
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Inter-American Development Bank Publishes Report on Fintech Sandboxes
According to the IDB report, Fintech has been gaining strength throughout the Latin American and Caribbean region.
- Categories
- Finance
- Region
- Latin America
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