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China’s Sinking Online Lenders Seek Lifeline From Big Investors
Industry insiders are betting that a handful of closely regulated players will emerge from the cull. They envision a revamped model -- similar to the one adopted in America -- in which P2P platforms match small borrowers with institutional money managers and banks, instead of individual savers.
- Categories
- Finance
- Region
- Asia Pacific
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World’s First Afro-Asia FinTech Festival to Focus on Sustainable Finance
The Central Bank of Kenya and the Monetary Authority of Singapore yesterday announced the inaugural Afro-Asia FinTech Festival. Dubbed “FinTech in the Savannah”, the theme of the Festival is “Sustainable Finance: Inclusive and Green”.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Chipper Cash Convinces Joe Montana to Invest in African Fintech
Chipper Cash went live in October 2018, joining a growing field of fintech startups aiming to scale digital finance applications across Africa’s billion-plus population.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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This Is How Indonesia’s First Sharia-Fintech Company Closed Its Pre-Seed Funding
While announcing the fund raise, Dima Djani, founder and CEO of ALAMI, said, “Tryb’s Southeast Asian fintech expertise provides strong validation of our business model and key support for our growth plans.”
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech, Islamic finance
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Press Release: LeapFrog Breaks Impact Investing Record, with $700M (EURO 623 Million) Emerging Markets Fund
“As pioneers of commercial impact investing, our goal over the last decade has been to build truly differentiated investment vehicles, that present a compelling opportunity for top-tier investors to access emerging markets – and fulfill their financial and purpose objectives,” said Nick Moon, LeapFrog Partner and Head of Investor Relations.
- Categories
- Investing
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Payments Banks: How RBI’s Move for Financial Inclusion Quickly Went Downhill
In theory, RBI wanted to extend organised banking services to those left unbanked by traditional lenders.
- Categories
- Finance
- Region
- South Asia
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Press Release: OPIC Signs Agreement With Banco Regional to Support Women-Owned, Small and Medium Businesses in Paraguay
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today recognized a $138 million commitment to Banco Regional to support Small and Medium Enterprises (SMEs), especially women-owned SMEs, in Paraguay. Citibank will provide an additional $11.5 million to Banco Regional to support SMEs.
- Categories
- Investing
- Region
- Latin America
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Unshackled Ventures Has $20m to Invest Exclusively in Immigrant Founders
Immigrants looking to start their own businesses face a huge barrier. Take Jyoti Bansal for example. He famously waited seven years before launching AppDynamics, a business that later sold to Cisco for $3.7 billion days before its initial public offering. Why? Because as an Indian immigrant with H-1B visa status, he could work for startups but wasn’t legally allowed to start his own.
- Categories
- Investing
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