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Press Release: Visa and the GSMA Mobile for Development Foundation Launch Digital Finance for All Initiative
This five-year initiative aims to advance digital financial inclusion for 20 million individuals, including women, small holder farmers (SHF), and nano, micro and small enterprise (NMSE) owners across low- and middle-income countries in Africa, Asia and Latin America.
- Categories
- Finance, Telecommunications
- Region
- Global
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Press Release: Bold Raises $50 Million in Series C Funding Round Led by General Atlantic and IFC
Bold was founded in 2019 to serve small and medium-sized businesses (SMBs) with a mission of fostering financial inclusion through the democratization of Colombia's digital economy.
- Categories
- Finance, Technology
- Region
- Latin America
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Leveraging Artificial Intelligence for Cybersecurity in Africa: How AI Can Help Ensure the Continent’s Digital Safety
Cyberattacks are increasing globally, and Africa experiences the highest volume in the world. According to Lanre Ogungbe at Prembly, this has resulted in significant repercussions for businesses and entire economies. He explores how cybercriminals target Africa’s unique vulnerabilities, and how artificial intelligence (AI) is poised to transform the scale and scope of both cybercrime and the cybersecurity efforts that aim to address it on the continent.
- Categories
- Technology
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Press Release: As Digital Credit Surges, New Research Shows Need for Greater Consumer Protection
A report from leading anti-poverty research organizations provides new insights into the relationship between the digitization of credit and economic development in an era of overlapping crises.
- Categories
- Finance, Technology
- Region
- Global
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Securitization for Social Impact: Why It’s the Ideal Instrument for Scaling Social Enterprises Providing Consumer Financing in the Developing World
Economic uncertainty has led to a risk-averse approach from investors in recent years, forcing social enterprises and other businesses in developing countries to find alternative sources of finance. Ron Pfende at d.light shares an innovative solution to this challenge: securitization, the process of transforming a group of cash-generating assets into one investable security. He explains how d.light has leveraged this approach to finance its growth, and how securitization yields returns for businesses and investors alike.
- Categories
- Investing, Social Enterprise
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Report: Mobile Money Transactions in Kenya in 2023 Declined for the First Time in 17 Years
It remains uncertain whether the decline in mobile money transactions might impact Kenya's Gross Domestic Product (GDP) given that mobile money agents reportedly handle approximately 60% of the country's GDP.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Cameroonian Fintech Startup Koree Secures $200,000 Pre-seed Funding
Koree’s solution is aimed at resolving the issue of spare change in cash-dependent economies by offering a card and digital wallet.
- Region
- Sub-Saharan Africa
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Bujeti Raises $2 Million to Boost Corporate Card Platform in Africa
The platform simplifies the issuance of corporate cards to employees and contractors, streamlining spending processes.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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