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Omidyar Network Led $2.8 Mn Seed Funding Round In Fintech Startup Kaleidofin
Chennai-based fintech startup Kaleidofin has raised over $2.8 Mn in seed funding from Omidyar Network. Blume Ventures and individual investors – including Israeli serial entrepreneur and inventor, Professor Shlomo Ben-Haim – have also participated in the round. This is Professor Ben-Haim’s first investment in India.
- Categories
- Finance
- Region
- South Asia
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Kenya mobile phone firms to offer cross-network cash transfers
Subscribers of Safaricom, Airtel and Telkom will be able to transfer and receive cash from one mobile network to another, the companies said in a joint statement published in the Business Daily newspaper.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Study shows Kenyans’ soaring appetite for mobile loans
Mobile loans have become the largest source of credit for Kenyans besides family and friends, signalling the growing allure of financial technology (fintech) services in the country.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Press release: Duke’s Community-Based Toilet System Begins Testing in India
The system is designed to reuse water, a huge plus in drought-prone areas. And while it does require a modest power supply, these needs can be met through solar panels or other off-grid solutions. The end goal is a stand-alone system that can help meet the needs of the 2.4 billion people who lack access to safe and effective sanitation.
- Categories
- Health Care, WASH
- Region
- South Asia
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Reserve Bank of India bars banks from links to cryptocurrencies like bitcoin
RBI, however, has set up a group to study and provide guidance on the desirability and feasibility of introducing a central bank digital currency.
- Region
- South Asia
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First Digital-Only Bank in Ivory Coast Launches
Ivory Coast has the fifth highest percentage of adults with mobile money accounts in the world.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Solar firm Angaza wins Sh125m innovation award
The platform has helped digital finance service providers fill the market gaps that traditional brick-and-mortar financial institutions avoid in impoverished urban centres and rural communities.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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From solar torches to bioloos: five frugal innovations from around the world
Whether it’s bringing quality healthcare closer to those residing in rural villages or providing people with facilities as basic and necessary as toilets, it’s sometimes wise not to overcomplicate things. Frugal innovation, based on the Indian concept of jugaad– innovating when there are limitations in resources – can provide an answer when capital is low, resources are scarce, or infrastructure is in need of upgrading.
- Categories
- Technology
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