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Press release: Tez Financial Services Becomes the First Pakistani Startup to Raise $1.1 Million in Seed Round Led by Omidyar Network
"Our aim is to become the primary financial service provider for the unbanked and underbanked in Pakistan," said Nadeem Hussain, co-founder and CEO of Tez, who has more than 30 years of experience in the global financial services industry.
- Categories
- Finance
- Region
- South Asia
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Press release: OPIC Commits $125 Million to Expand Access to Capital for Medium-Sized Companies in India
OPIC will contribute to a $700 million fund established by GPC to expand access to financing for growing companies in India operating in the healthcare, energy, technology, agricultural, and services sectors. By providing greater access to expansion capital, the OPIC-supported fund will help narrow the capital shortage that entrepreneurs and business owners face across India.
- Categories
- Investing
- Region
- South Asia
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Tez Financial Services Raises $1.1M in Seed Funding
The company intends to use the funds to build its credit portfolio, enhance its mobile technology platform, and secure an NBMFC license.
- Region
- South Asia
- Tags
- fintech, mobile finance
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Viewpoint: The challenges for fintech adoption in India
Promoting fintech in India is preaching to the choir. In 2005, then Reserve Bank of India (RBI) governor Y.V. Reddy used the term ‘financial inclusion’ for the first time in the central bank’s annual policy statement. In the decade and change since, it has become one of the leitmotifs of governance.
- Categories
- Finance
- Region
- South Asia
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Netherland’s FMO arranges US $ 50mn syndicated loan for Nations Trust Bank
This syndicated transaction is FMO’s first repeat deal for NTB, following a subordinated loan which was provided 8 years earlier to further the bank’s ambitious growth strategy.
- Categories
- Finance
- Region
- South Asia
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Social Finance unveils two India-focused impact funds worth $2b
Global impact investment firm Social Finance on Monday announced the launch of two India-focused funds of $1 billion each in a bid to drive social change across sectors including education, social infrastructure, and affordable housing.
- Categories
- Investing
- Region
- South Asia
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Omidyar Network to invest $250 million in Indian ventures
Omidyar, which has been in India for about 10 years, has already invested roughly $250 million in the country, backing about 73 organizations and start-ups, with 70% of those being equity investments and the rest being grants.
- Categories
- Investing
- Region
- South Asia
- Tags
- impact investing, startups
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Is Microinsurance Made for India?
Insurance is one of the most vital sectors in India’s financial inclusion plan and yet it is one of the most ignored product lines in the country.
- Region
- South Asia
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