-
Kredete Raises $2.25 Million to Help African Immigrants Build Credit Score and Make Low-Cost Remittances
Kredete leverages blockchain technology to enable African immigrants to build credit and send money home with low fees, offering a dual benefit that addresses significant financial integration challenges for immigrants.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Solving the Funding Challenges of Indian MSMEs: The Advantages of Founder-Friendly Non-Dilutive Financing
About 30% of India’s GDP is generated by micro, small and medium enterprises (MSMEs), which provide jobs for more than 110 million people and account for around 50% of the country’s exports. But as Bhavik Vasa at GetVantage points out, a drop in private equity and venture capital investments has led many of these entrepreneurs to shift towards more founder-friendly types of non-dilutive capital. He discusses the funding challenges facing Indian MSMEs, and why alternative forms of non-dilutive financing are uniquely suited to these businesses' needs.
- Categories
- Finance, Investing, Technology
-
Wasoko and MaxAB Jump Through Hoops to Complete Africa’s Largest Tech Merger
The deal could reshape B2B e-commerce by consolidating resources and expanding service offerings.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Rethinking Credit Scoring: A Pay-As-You-Go Pioneer Explores Innovative Solutions in Africa
The ability to make life-changing purchases — from buying a home to setting up a business — usually relies upon acquiring credit. But as Mansoor Hamayun at Bboxx explains, in many emerging markets, it’s incredibly difficult for the average citizen to obtain a credit score. He explores the obstacles to credit scoring in Africa, and discusses how Pay-As-You-Go financing of solar products — combined with innovative approaches to consumer subsidies — can be leveraged to boost access to credit scores and essential financial services in underserved communities.
- Categories
- Finance
-
MicroVest Invests in Bayport Colombia to Expand Access to Payroll Loans for Public Sector Employees
The investment aims to support Bayport’s goal of broadening its reach to a larger portion of public sector employees and pensioners to expand credit accessibility and financial empowerment.
- Categories
- Investing
- Region
- Latin America
-
Malaysian Fintech Startup MADCash Secures $1 Million in Funding to Empower Women Entrepreneurs
MADCash funds and grows unbanked and underbanked women entrepreneurs, aiming to create an alternative credit scoring to increase their future bankability.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
-
Analysis: Africa Needs Its Own Credit Rating Agency: Here’s How It Could Work
A recent study by the UN showed that subjective biases in credit ratings had cost African countries a combined US$74.5 billion.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- credit scoring
-
Nigerian Mobility Fintech Moove Closes $8 Million to Expand Vehicle Fleet in Ghana
Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.