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Fusion Microfinance Gets $5.5B USD From Warburg Pincus, Others
The fresh round of capital injection will be used to expand its distribution network across the country, integrate technology solutions across key business lines and strengthen the platform to address untapped growth opportunities within the sector.
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- Finance
- Region
- South Asia
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Pro Mujer Names Marisol Fernandez Global Financial Services Director
Pro Mujer, a leading social enterprise and pioneer in women’s empowerment in Latin America, announced today the appointment of Marisol Fernandez as Global Financial Services Director. Fernandez assumes this role after having served at Pro Mujer as Global Director of Corporate Business Development, where she oversaw the acquisition of a major financial services company in Argentina and two joint ventures in health and gender smart investing.
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- Finance
- Region
- Latin America
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Facebook’s Foray Into Financial Services Is Struggling to Gain Momentum – Here’s Why
Facebook CEO Mark Zuckerberg has announced the company will launch a digital currency later this year, but already the plan is fraught with issues.
- Categories
- Finance
- Tags
- cryptocurrency
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Women in financial services are tackling an underserved market: themselves
Financial services for women have historically been abysmal. Management consulting firm Oliver Wyman has called women its “single largest underserved group of customers.” According to a recent report financial services firms—those in banking, insurance, and wealth/asset management—are leaving $700 billion in revenue on the table by using assumptions that are built around men’s careers and not offering solutions that address the realities of women’s lives. Women invest less than men and have lower retirement savings, even though they live longer on average. They also have less access to capital, fewer financial rights, and end up poorer as a result.
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- Finance
- Region
- South Asia
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Chinese Fintech Company Ant Financial Quietly Takes Stake in Vietnam’s eMonkey Amid Anti-China Sentiment
Alibaba affiliate Ant Financial has quietly acquired a sizeable stake in Vietnamese e-wallet eMonkey, sources say.
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- Finance
- Region
- Asia Pacific
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BRAC Founder Sir Fazle Hasan Abed Passes Away
"We will honour his legacy with the same resilience, dignity and humility that he has instilled in us."
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- Finance
- Region
- South Asia
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Goldman Sachs Leads $15M Investment in Indian Fintech Startup ZestMoney
Bangalore-based ZestMoney announced it has raised $15 million from Goldman Sachs and existing investors Naspers Fintech, Quona Capital and Omidyar Network.
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- Finance
- Region
- South Asia
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Fintech in Brazil Vows to Prove Goldman, Morgan Stanley Wrong
“Given how much we’re growing, I think it’s heroic that we’ve been turning profits and are delivering the profitability levels we already do,” Menin said in an interview at Banco Inter’s Belo Horizonte headquarters. “I lose no sleep over the difference between our profitability and that of Brazil’s biggest banks.”
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech