-
Press Release: GoBear Grabs $17M in Funding to Accelerate Its Financial Services Across Asia
GoBear, a Singapore based fintech startup, has raised US$17 million in a funding round led by returning investors Walvis Participaties, a Dutch VC firm, and Aegon N.V., a Netherlands-based asset management company, according to a press statement.
- Categories
- Finance, Technology
- Region
- Asia Pacific
-
Coronavirus Threatens China’s Belt and Road. What Happens When It Wants Half a Trillion Dollars Back?
The COVID-19 pandemic has unleashed a global recession that threatens the colossal international loan program that is a symbol of China’s growing prestige and a centerpiece of President Xi Jinping’s reign.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
-
Debt ‘Bigger Threat Than Virus’ in Cambodia
Many MFI loans are collateralised by land titles, leaving millions at risk of losing their homes and property should they default. Those forced to sell their land face abject poverty.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
-
Press Release: Wave Money And Ant Financial Services Group Forms Strategic Partnership
The Myanmar Government plans to increase financial inclusion in the country from its current 48% to 60% by 2023.
- Categories
- Finance
- Region
- Asia Pacific
-
Viewpoint: How Emerging Economies Should Navigate Economic Recovery Post-Pandemic
Emerging Asian economies are particularly susceptible to both the public health challenges and the economic consequences of failing to contain the spread of the virus.
- Categories
- Coronavirus
- Region
- Asia Pacific
-
Emerging Markets-Focused Microfinance Holding Firm Gojo Raises $22M
The latest investment follows Gojo’s $40 million Series C round announced in October 2019. The company expects to announce the final close of its Series D round by July.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- microfinance
-
Mastercard Expands Global Commitment To Connect 1B People
Mastercard’s latest pledge builds on its 2015 financial inclusion effort to bring financial services to 500 million people. It also builds on the firm’s goals of reaching out to people all over the world who are facing physical and financial health issues due to COVID-19.
- Categories
- Entrepreneurship, Finance
- Region
- Asia Pacific
-
Cambodian Workers Owe $10 Billion in Microfinance Debt as COVID-19 Wipes Out Incomes
As COVID-19 wrecks Cambodia’s economy, workers and families face added risks from record-high levels of microfinance debt. Without income, many will be unable to repay their microloans and may lose their land or be forced further into debt.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
Parent Organization
