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Remitly Raises $220M to Expand From Money Transfers to Financial Services, Now at ~$1B Valuation
CEO and founder Matt Oppenheimer said in an interview that the startup will use the money both to help it continue to keep growing that money transfer business and to catch new opportunities as they appear, in the form of new financial services for the immigrants and migrants that make up the majority of its customer base.
- Categories
- Finance
- Tags
- migrants, remittances, startups
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Viewpoint: How Donor-Advised Funds Can Amp Up Their Giving Power
When you think of donor advised-funds or sustainable investing, you probably don’t think of a 1,600% gain in a single investment. But that’s exactly what happened for investors in ImpactAssets’ donor-advised fund.
- Categories
- Investing
- Tags
- ESG, impact investing, philanthropy
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The Gap in Internet Speeds Is Widening Between Low and High Income Countries
While global average speeds increased 20% over the past year, much of that growth has happened in developed nations which are already home to established connectivity infrastructure.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Drug Prices Can Take A Surprising Turn When A Poor Country Gets Richer
A new report, published by the Center for Global Development in June, finds that as countries move up the ladder of economic development, it becomes harder for government agencies, hospitals and health care companies to buy drugs at reasonable prices.
- Categories
- Health Care
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Zimbabwe Banned the US Dollar From Being Used so Local Bitcoin Demand Is Soaring Again
Bitcoin is back on the radar in Zimbabwe as the country’s economy continues to struggle.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency
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Report: Countries are Broadly Embracing the Opportunities of Fintech to Boost Economic Growth and Inclusion
Financial inclusion is one of the core themes throughout the document. Hundreds of millions of individuals are underbanked or simply unbanked around the world. Fintech can streamline the process in providing fully featured services to these underserved communities.
- Categories
- Finance
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Kenya Regulators Warn MPs on Safaricom Split Bill
The issue of competition in Kenyan market is an issue politicians and regulators have regularly investigated over the last two years, with calls to spin-out mobile money units nothing new.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Yale-India Business Accelerator to Promote Innovative Health Solutions
The selected companies will each receive $70,000 in seed capital and mentorship from Yale faculty and alumni, and will benefit from a network of Indian industry experts and structured sessions to help startups evolve into a sustainable and scalable business model, refine their market strategy, and build a sustainable company.
- Categories
- Health Care
- Region
- South Asia
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