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South African Insurtech Startup Nobuntu Raises Funding From Crossfin
South African fintech startup Nobuntu, which builds innovative insurance products for lower-income segments, has raised an undisclosed amount of funding from fintech holding company Crossfin to help it scale.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, startups, venture capital
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Fintech Can Cut Costs of Remittances to Latin America
Our chart of the week shows Latin America’s share of remittances transmitted with mobile money along with its overall share of remittances on a global scale. As the chart shows, Latin America’s use of mobile money both to send and receive remittances is relatively low—despite the region’s high share in total world remittances, which was about $80.5 billion in 2017.
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech, remittances
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More Advisors Bringing Up ESG Investing With Clients
Financial advisors are being put under pressure to learn more about responsible investing, and many are stepping up to the challenge, according to Nuveen, the investment management arm of TIAA.
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Thunes Raises $10m to Make Financial Services More Accessible in Emerging Markets
The company was founded in February of this year when TransferTo, a company that provided services like mobile top-up cross-border split itself in two. Thunes is the b2b play that uses TransferTo’s underlying technology, while DT One was spun out to cover the consumer business of top-up and mobile rewards.
- Categories
- Finance
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Viewpoint: The Ups and Downs of India’s Digital Transformation
In an analysis we wrote in November 2017, we argued that demonetization was only part of India’s larger, strategic digital transformation. Since then, the institutional and economic evolution in India has accelerated in many ways and some of that change has been reactive and corrective.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- digital payments
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Micro-Lending Startup Ftcash Raises $7.23 Mn Series A Funding
Founded in 2015 by Sanjeev Chandak, Deepak Kothari and Vaibhav Lodha, Ftcash provides short-term loans to merchants. The startup plans to use the funds to accelerate product development and drive its expansion efforts.
- Categories
- Finance
- Region
- South Asia
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Viewpoint: 3 Reasons the Impact of Microcredit May Be Bigger Than We Thought
There was little evidence of female empowerment. Microloans did foster entrepreneurialism, but at the cost of other sources of income. However, subsequent research has hinted that rumors of microcredit’s demise as a poverty intervention do appear to be exaggerated, perhaps substantially, and I want to present three reasons why the impact of microcredit around the world, while modest on average, is almost certainly bigger than we thought it was a few years ago.
- Categories
- Finance
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Japan’s SoftBank Taps Into Mexican Fintech Startup Clip: Sources
Japan’s SoftBank Group invested about $20 million in Mexican payments startup Clip early this year, one of its first Latin America deals as it launches a $5 billion technology fund in the region, said three people familiar with the matter.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- digital payments, fintech, startups