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Startup Propelld Gets $35 Million in Funding
Propelld, an education-focused fintech platform, has raised $35 million from WestBridge Capital, as also from existing investors Stellaris Venture Partners and India Quotient, Founded by IIT Madras trio of Bibhu Prasad Das, Victor Senapaty and Brijesh Samantaray in 2017, Propelld has tied up with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 crore.
- Categories
- Education, Finance, Technology
- Region
- Asia Pacific
- Tags
- startups
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Malawi Gets $14.2 Million Grant for Financial Digitalisation
The African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14,2-million to undertake infrastructure upgrades and create a more efficient and transparent digital payment system.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Trace Finance Announces $4.3 Million Seed Investment to Disrupt Global Banking for Latin American Startups
Trace Finance, a Brazilian fintech startup that enables faster and more streamlined cross-border banking for startups, has announced a $4.3 million seed funding round.
- Region
- Latin America
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BBVA to Invest $300 Million in Brazil’s Virtual Bank Neon
BBVA has reportedly agreed to invest $300 million (around €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims “to improve access to financial services for individuals, self-employed and small businesses in its country.”
- Categories
- Finance
- Region
- Latin America
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Thai Lender Siam Commercial Bank Invests $100 Million in Indonesia’s Akulaku
Thailand's Siam Commercial Bank Pcl announced a $100 million investment in Indonesian fintech startup Akulaku, as part the bank's expansion overseas and into technology.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
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Led by Three South African Based Entrepreneurs, Stitch Announces $21 Million Series A
API fintech company Stitch, announced a $21 million Series A funding round, led by The Spruce House Partnership.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Banco Santander, DEG, IDB Invest, Itaú BBA Loan $150 Million to Banco Pan to Boost Digital Financing of Vehicles, Microenterprise, Consumption in Brazil
IDB Invest is leading a loan package totaling USD $150 million for Banco Pan SA, a Brazilian commercial bank, with the aim of increasing access to digital financial services for people with low incomes.
- Categories
- Finance
- Region
- Global
- Tags
- digital finance
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Apollo Hybrid Value to Invest $125 Million in Hero FinCorp, One of India’s Fastest Growing Non-Bank Financial Companies
Apollo announced that funds within its Hybrid Value strategy have committed to invest $125 million in Hero FinCorp Limited.
- Region
- Asia Pacific