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Fidelity, Visa and Kingsway Back South African Fintech Jumo in $120 Million Round
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by Fidelity Management & Research Company.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Emerging Markets Lender Lendable Seeks $100 Million to Fund Fintech Companies
Emerging markets fintech financier Lendable is targeting to raise a $100 million fund to invest in African and Asian fintech companies.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
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South Africa API Fintech Stitch Expands to Nigeria; Extends Seed Round to $6 Million
South African API fintech startup Stitch has extended its seed round to US$6 million from the US$4 million announced earlier in the year, and at the same time confirmed its expansion into Nigeria.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Digitalisation of Financial Service Providers To Serve Low-income Customers
The World Savings and Retail Banking Institute (WSBI)’s programme for financial inclusion, Scale2Save, launched ‘A case study on connecting with low-income customers through digitalisation.’
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Financial Uncertainty in America: 2021 Financial Health Pulse Shows Government Aid Improved Financial Health but Gains at Risk as Relief Programs Subside and Pandemic Lingers
Two-thirds of Americans are still financially unhealthy with particular challenges facing women, LGBTQ+ communities, and people with disabilities; inequities remain by race and gender
- Categories
- Finance
- Region
- Global
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Press Release: Airtel Africa Launches Its Long-term Sustainability Strategy, Building on Its Corporate Purpose To Transform Lives
Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today launched a comprehensive sustainability strategy which sets out its detailed plans to improve the lives of millions of people across Africa.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Second COVID Wave Batters Microfinance, Lenders Positive on Outlook in India
The gross loan portfolio of microfinance companies in India fell in the first quarter of FY22 as demand for credit dropped due to restrictions imposed during the second COVID-19 wave.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Ventures Platform, Hustle Fund Back Nigerian Fintech Brass in $1.7 Million Round
Aside from full-stack financial needs, including credit, small and medium businesses require other essential resources to understand their financial operations. Brass is a Nigerian fintech tackling these challenges by providing banking services to small and medium businesses.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa