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Social Stock Exchange Idea Highlights India’s Move Away From Foreign Aid
Proposal could provide cheaper funding for charities, says finance minister Nirmala Sitharaman, but critics warn against greater government control of welfare projects.
- Categories
- Finance
- Region
- South Asia
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India’s NiYO ‘Neo-Bank’ Raises $35m to Help Blue-Collar Workers Access Financial Services
NiYO Solutions serves as a “neo-bank” that relies on traditional financial institutions (Yes Bank and DCB banks, in its case) and offers to customers additional features such as lending and insurance. Blue-collared employees in India (and many other markets) continue to struggle in availing crucial financial services from banks that typically reserve them for the privileged segment.
- Categories
- Finance
- Region
- South Asia
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India’s Open ‘Neo-Bank’ Raises $30 Million to Help Businesses Automate Their Finances
Open operates as a neo-bank that offers nearly all the features of the bank with additional tools to serve the needs of a business.
- Categories
- Finance
- Region
- South Asia
- Tags
- startups
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Among India’s Working Poor, Sobriety May Boost Savings
Economist’s study of rickshaw drivers shows effects of alcohol consumption on financial decision-making.
- Categories
- Finance, Health Care
- Region
- South Asia
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India’s MobiKwik Mobile Wallet To Go Global
The partnership will enable the app to offer international mobile recharge, rewards and airtime credit services in more than 150 nations across some 550 mobile operators.
- Categories
- Finance, Telecommunications
- Region
- South Asia
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IAN Fund Leads a $2.7 Million Round in Chakr Innovation
Founded in 2016, the startup leverages cutting-edge technology to capture emissions from diesel generators and convert the pollution-causing particles into a base pigment for black inks and paints.
- Categories
- Environment
- Region
- South Asia
- Tags
- startups, venture capital
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India’s Recykal Announces Closing of 2 Million Us Dollars PreSeries a Funding for Its Expansion
The company’s technology solutions are deployed across 150 businesses and it is currently operational in Hyderabad, Pune and Bangalore, and channelizes more than 1000 metric tonnes of recyclables per month through its platform.
- Categories
- Environment, Technology
- Region
- South Asia
- Tags
- recycling
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Report: India’s Microfinance Industry Posts 38% Growth in 2018-19
In 2018-19, microfinance in India showed rapid, regionally-balanced and resilient growth, said Harsh Shrivastava, chief executive officer, MFIN.
- Categories
- Finance
- Region
- South Asia
- Tags
- microfinance
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