-
Avanti Finance Secures $24 Million Equity Funding From Rabo Partnerships, IDH Farmfit Fund
The funds will provide support for the company to provide affordable and localised credit products for smallholder farmers in India.
- Categories
- Agriculture, Finance, Investing, Technology
- Region
- Asia Pacific
-
Report: India’s Woman Entrepreneurs Are More Likely to Get Loans Than Men
The number of women seeking business loans has tripled in the past five years.
- Categories
- Finance
- Region
- Asia Pacific
-
South African Digital Lender Lulalend to Launch Banking Product Off the Back of $35 Million Series B
The digital lender, launched in 2014, has raised $35 million in a Series B round led by international impact investor Lightrock, with participation from new investors.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Savings-Led Digital Finance: The Dawn of a New Era?
The digital lending market surpassed $300 billion in 2020, with significant growth among emerging markets customers who access “instant loans” from their mobile phones. But according to Philip Acton and Finn Tiedemann at DreamStart Labs Inc., there are growing concerns about the risky practices used by some of these digital lenders. They argue that one solution may come from a new generation of “savings-led” digital finance apps that use clients' savings capacity as a proxy for their ability to repay loans – a development they describe as an important milestone in digital finance.
- Categories
- Finance, Technology
-
Experian and FinScore to Raise Financial Inclusion in the Philippines via Alternative Credit Scoring
Experian, the world leader in information services, has partnered with FinScore, the pioneer in delivering telco data credit scoring to the unbanked and underbanked populations in the Philippines.
- Categories
- Finance
- Region
- South Asia
-
Indian Fintech Helps Millenials With Managing Credit Scores, Acquires $6 Million in Capital
Slice, a Fintech company that provides various card-based products to young people in India to help manage their credit scores, has secured $6 million in capital via a round led by Japanese venture capital firm, Gunosy.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
- Tags
- credit scoring, fintech
-
How Do Consumers React to Psychometric-Based Credit Scoring?
Nearly 50 million Americans and literally billions more around the world have limited access to affordable credit – primarily due to a lack of credit histories. What's worse, many of these underbanked individuals are actually in decent financial standing – they simply do not have sufficiently mature credit scores. Psychometric (ie: personality-based) credit scores can address this issue – but how do customers feel about it? Saul Fine at Innovative Assessments shares results from recent surveys that aim to answer that question.
- Categories
- Finance, Technology
-
Fintech Company CredoLab Set to Drive Financial Inclusion in South Africa
Using this non-traditional data and predictive analytics for credit scoring enables lenders to expand their pool of borrowers while keeping risks under control.
- Categories
- Finance
- Region
- Sub-Saharan Africa
The Best of NextBillion in Your Inbox Each Week!
Subscribe to NB Notes for news, jobs & on-the-ground insights from the world of emerging markets business.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.