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Tyme Raises $77.8 Million to Fuel Global Expansion
Tyme, a global digital bank and the parent of South Africa's TymeBank has secured $77.8 million from Norrsken22 and Blue Earth Capital.
- Region
- Sub-Saharan Africa
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M-Kopa Snaps up $250 Million+ Debt, Equity for Its Asset Financing Platform
M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” and the ability to pay for them via digital micropayments, has secured more than $250 million in new funding.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Groundbreaking Fingo Africa App to Bring Financial Inclusion to Africa’s Youth
The new app, powered by Ecobank, is set to revolutionize financial inclusion for young people in Kenya and across Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Digital Finance Firm Nu México Announces Launch of Cuenta Nu in Mexican Market
The launch of a savings account is “a strategic step in Nu México’s plan to offer a complete portfolio of financial services products in the Mexico.
- Categories
- Finance, Technology
- Region
- Latin America
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Press Release: Mastercard and Egabi Collaborate to Expand Access to Digital Lending Solutions Across Eastern Europe, Middle East, Africa
Mastercard will activate egabi’s digital-lending capabilities and assets to provide an end-to-end lending proposition to financial institutions and fintech companies.
- Categories
- Finance, Technology
- Region
- Global
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Press Release: Funding Societies Crosses US $3 Billion in SME Lending, Doubles Down Beyond Financing to Bolster Support for SMEs’ Needs
As the company expands across five countries in Southeast Asia, almost 100,000 SMEs have benefited from the access to financing.
- Categories
- Finance, Technology
- Region
- South Asia
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Financial Wellbeing: Accion, Mastercard to Connect Clients to Digital Financial Services
The continued partnership between Accion and Mastercard builds on the two organizations’ existing digital transformation work.
- Categories
- Finance, Technology
- Region
- Global
- Tags
- digital finance, MSMEs, research
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Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in Nigeria
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
- Categories
- Finance, Investing, Technology