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Ankur Capital to launch $50m new fund next quarter, looks to cut bigger cheques
Mumbai-based impact investor Ankur Capital is gearing up to launch a new fund of up to $50 million in the next few months, which will provide the investment firm the bandwidth to cut bigger cheques.
- Region
- South Asia
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bKash, Ant Financial to promote financial inclusion in Bangladesh
The partnership involves Ant Financial investing into bKash and increasing its technological capabilities, allowing it to provide greater convenience and security in mobile financial services throughout Bangladesh.
- Categories
- Finance
- Region
- South Asia
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Fintech Cos in India Are Turning Their Focus to Tier II and III Cities
Fintech companies are now ready to turn their attention to the Tier II and III cities, so as to penetrate deeper into the country. Being untapped markets, these cities bring a greater opportunity for the players.
- Categories
- Finance
- Region
- South Asia
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Why India’s financial inclusion drive may be running out of steam
India has the highest share of inactive accounts in the world, the latest World Bank survey on financial inclusion shows.
- Region
- South Asia
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Launch in Karachi: National incubation centre to start operations
After making inroads into Lahore, Islamabad and Peshawar, a national incubation centre (NIC) is being established in Karachi to train youth who are looking forward to becoming tech-based entrepreneurs with the objective of dismantling old-fashioned systems and introducing new creative solutions.
- Categories
- Technology
- Region
- South Asia
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India accounts for 55% of new bank accounts opened globally: World Bank
India's financial inclusion efforts have won recognition from the World Bank as their data indicate that 55 per cent of new bank accounts opened are from India, Financial Services Secretary Rajiv Kumar said.
- Region
- South Asia
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100m Pakistanis without a bank account, says World Bank
Pakistan is home to 100 million adults without a bank account, with 13 per cent adults citing religious concerns as a reason for not having account at a financial institution, a World Bank report on the use of financial services revealed.
- Region
- South Asia
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Viewpoint: Why Indian industry needs science-based social innovation and entrepreneurship
Social Alpha is setting up a number of endowment and investment funds to ensure that enough catalytic risk capital is available in the high impact social innovation space.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- startups
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