-
Kenyan E-commerce Startup Sky.Garden Raises $4 Million Series A Funding Round
Sky.Garden, a software-as-a-service (SaaS) platform for mobile commerce that is built specifically for African businesses, has closed a US $4 million round of Series A funding to accelerate its growth.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Addressing Predatory Lending Apps: Lessons From the Regulatory Response in Indonesia, India and the Philippines
Digital lending apps have provided financial inclusion to many in emerging markets, but complaints about predatory practices have been surging over the last two years. Financial inclusion and consumer protection consultant Hema Bansal explains how misleading marketing, inadequate disclosure of pricing, terms and conditions, and inappropriate collections practices have led to new regulatory responses in Indonesia, India and the Philippines. She shares which of these steps have proven effective — and where there is still room for improvement.
- Categories
- Finance, Technology
-
Nigerian Fintechs Score Big on the Funding Front as Investors Spot “Final Frontier” Opportunities
We have not even reached the halfway point of 2021, but already it seems nailed on that the year will break all sorts of funding records – with the surge in investments led by the Nigerian fintech space.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Press Release: Singapore-Based Neobanking Startup StashFin Raises $40 Million in Series B Extension Equity Financing Round
Singapore-based neo-banking startup Morus Technologies Pte Ltd 'StashFin' has announced the successful completion of Series B Extension equity financing of USD 40 million from a clutch of global investors.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
-
New Alliance Between Itaú and Rappi Will Bring Greater Financial Inclusion to Chile
This agreement aims to revolutionize the local financial market with simple, innovative and unique digital products, allowing an increasing number of individuals to access new financial solutions in an agile and digital way.
- Categories
- Finance
-
South Africa’s Largest Independent Payment Provider Adumo Raises $15 Million From IFC
Adumo, South Africa’s largest independent payment provider has raised US$15 million in preferred shares from IFC to fund the growth of the company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
How Digital Technology Is Reshaping Rural Microfinance
“When most people think of microfinance, they think of group-lending programs or maybe even mobile money systems like M-Pesa,” said Carter. "But there are other opportunities with mobile phones, satellites and other digital technologies to enhance access to small scale financial services to low-wealth rural households in developing countries.”
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Umba, a Digital Bank for Emerging Markets, Raises $2 Million Seed Funding to Expand Across Africa
Umba, a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at Stripe; Ludlow Ventures; Frontline Ventures and Act Venture Capital.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
Parent Organization
