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Accion Venture Lab Launches $23m Inclusive Fintech Startup Fund
The Accion Venture Lab Limited Partnership, as it’s called, will make seed-stage investments in inclusive fintech startups, defined as ventures that “that leverage technology to increase the reach, quality, and affordability of financial services for the under-served at scale,” per a company release.
- Categories
- Finance
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Viewpoint: Libra’s Top-Down Model Doesn’t Match Its Financial Inclusion Mission
Though the use of Libra to pay for a Spotify subscription, an outfit on Farfetch, or a holiday on Booking.com is certainly an on-ramp for mainstream adoption, the appeal and necessity of such services to the underbanked, as part of the currency’s underlying mission, is mismatched.
- Categories
- Finance
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Tesla Batteries Are Keeping Zimbabwe’s Economy Running
The southern African country faces chronic shortages of physical cash, so almost all transactions are done digitally, and many via mobile phones.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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PEG Africa Raises $5M in Debt Funding From ElectriFI
PEG Africa currently provides 400 000 daily users in Ivory Coast, Ghana and Senegal with credit for solar home systems via its pay-as-you-go financing model.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Viewpoint: Opportunity Zones: We’re Doing It Wrong
When we look at who will ultimately benefit from the wave of Opportunity Zone investments, the outcome is arguably more weighted towards the financial gain of investors, over the value add for community members.
- Categories
- Investing
- Region
- North America
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India’s Mobile Payments Firm MobiKwik Reaches Rare Key Profit Milestone
The 10-year-old Gurgaon-headquartered firm said Tuesday it is now generating a profit excluding interest, taxes, depreciation and amortization.
- Categories
- Finance
- Region
- South Asia
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How a Trump Tax Break to Help Poor Communities Became a Windfall for the Rich
Many of the projects that will enjoy special tax status were underway long before the opportunity-zone provision was enacted. Financial institutions are boasting about the tax savings that await those who invest in real estate in affluent neighborhoods.
- Region
- North America
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Super Apps: WeChat, Go-Jek and Rivals Battle to Do It All in Asia
Although no one has counted the exact number of super apps in Asia, they are sprouting up everywhere, including some of the region's remotest corners.
- Categories
- Technology
- Region
- Asia Pacific
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