May 16

Bankingly of Uruguay Raises $11 Million in Equity Round Led by Dalus Capital to Help Financial Institutions Boost Digital Inclusion in Africa, Asia, Latin America

Uruguay’s Bankingly recently secured an investment package totalling USD 11 million, which it plans to use to expand in Latin America and Africa as well as enter Southeast Asia. Bankingly provides financial institutions with software-as-a-service (SaaS) that helps them serve customers via websites, mobile apps, chatbots and other tools, thus “facilitating the financial inclusion of millions of people…”. Bankingly CEO and Founder, Martin Naor, expressed the hope that the investment will enable the firm “to access a virtuous circle of growth opportunities in the world of payment methods, remittances and emerging business models for financial institutions.”

Photo courtesy of Erik (HASH) Hersman

Source: MicroCapital (link opens in a new window)

financial inclusion, impact investing, remittances