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Renewable Energy Startup Using Blockchain Raises $3 Million in Funding
Blockchain-based renewable energy startup SunExchange has raised $3 million in a recent funding round to expand its services. The funding highlights the increasing demand in South Africa and the region for solar power and alternative investment options.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Facebook’s Libra Serves as Signal That Fintech Firms Like Visa, Paypal, Booking.Com Were Eager to Explore Stablecoins, Blockchain Advisor Argues
“An increase in the supply of Tether has been seen as a positive leading indicator especially for Bitcoin demand. The thinking is that increased issuance of Tether [leads to more] buying. Tether`s price fluctuates around $1. The issuing company, Tether, aims to manage the supply so that it does not trade at a significant premium or a discount for an extended period.”
- Categories
- Finance
- Tags
- blockchain
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China and India Reportedly Have Highest Fintech Adoption Rate, but New VC Funds Mainly Focused on Revenue-Generating Fintechs
Efi Pylarinou, a Fintech and Blockchain Advisor based in Switzerland, notes that funding is “on everybodys’ mind,” which might particularly be true for early-stage startups that have not yet acquired a significant user base.
- Categories
- Finance
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Tackling the COVID-19 Coffee Crisis: Can Blockchain Strengthen the Link Between Producers and Buyers?
COVID-19 is having a major negative impact on many sectors, and the coffee industry is no exception. The closing of restaurants and cafes has reduced consumption, and according to Isabel van Bemmelen at the Progreso Foundation, coffee producers have been especially hard hit. She explores a blockchain-driven solution that could help producers survive the pandemic.
- Categories
- Agriculture, Coronavirus, Transportation
- Tags
- blockchain, COVID-19, employment, lending
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Heifer International Joins Libra Association to ‘Support Financial Inclusion’
Global nonprofit Heifer International is joining the Libra Association, it announced Monday, becoming the 23rd official member of the organization.
- Categories
- Finance, Technology
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Crypto Titans Announcing Libra Clone Targeting 5.6 Billion for Financial Inclusion
Coinbase Ventures, Bitcoin.com, Andreessen Horowitz and Polychain are among the leading technology providers, nonprofits, mobile wallets, payment processors and global investment firms supporting the new ecosystem that plans to offer mobile-friendly financial tools built on top of Celo’s open blockchain platform.
- Categories
- Finance, Technology
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Crypto Titans Announcing Libra Clone Targeting 5.6 Billion for Financial Inclusion
Move over Libra. Facebook’s controversial stablecoin initiative has a new challenger that wants to change the financial system and reimagine how people can gain access to services. Fifty top companies in the cryptocurrency and blockchain industry have launched a new platform called Celo, an open blockchain that’s designed to drive significantly more financial inclusion by reaching people around the world – not through banks, branches and traditional institutions – but through 5.6 billion smartphones.
- Categories
- Finance, Technology
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Press Release: Financial Inclusion in West Africa Gets a Boost With New $10M Raise by Aella Fintech
For millions of poor and low-income households, entrepreneurs, and nascent businesses in West Africa without access to financial institutions, micro-lending fintechs like Aella provide a broader array of financial products — savings, insurance, payments and specialized loans, focused on lifting many out of poverty. Aella plans to use this funding to scale its lending operations and expand its product base into payments.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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