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Staying Ahead of the Technical Assistance Curve: Six Lessons from Fintech Startups in India
India is at the forefront of inclusive fintech innovation. But it’s often difficult for Indian fintech startups to build and grow their businesses, while distributing the benefits of their work among their low-and middle-income (LMI) customers. MicroSave Consulting (MSC) is participating in a Financial Inclusion Lab, providing technical assistance to fintech startups serving India’s LMI segment. Authors at MSC share six key insights from their work that could be helpful both to startups, and to the investors, consultants and other organizations that support them.
- Categories
- Finance, Technology
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Ripple Takes Fright at Congressional Pushback on Digital Currencies
In the face of a Congressional onslaught against Facebook and its putative digital currency Libra, Ripple chiefs Brad Garlinghouse and Chris Larsen have penned an open letter to lawmakers urging them not to paint all fiat alternatives with the same brush.
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- Finance, Technology
- Region
- North America
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GSMA signs $46.5M funding partnership with DFID
The partnership will unearth critical insights on the needs of the underserved and identify and invest in mobile-enabled innovations and business models which can drive inclusion at scale.
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- Finance, Technology
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Why the Next Fintech Wave in Latin America will focus on B2B
While consumer-focused Fintech companies are still attracting the lion’s share of investments, here’s a look at why the next wave of Fintech innovation in Latin America will focus on solutions for SMEs.
- Categories
- Finance
- Region
- Latin America
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Fintech Decacorn Nubank Raises $400M Led by TCV
Nubank announced a few weeks ago that it will start to expand its offerings to Mexico and Argentina. Over the past year, the company has expanded its product offerings to include personal loans and cash withdrawal options as part of its digital savings accounts.
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- Finance
- Region
- Latin America
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Facebook’s Libra May Target Latin America First
“Latin America is going to be on of the easiest markets for Facebook to test Libra,” said Anouk Pinchetti, a digital currency consultant, adding that Facebook may choose a Latin American country as its first expansion market. “Western Union is viewed as too costly for remittances and there is great proximity to the U.S. and Silicon Valley.”
- Categories
- Finance
- Region
- Latin America
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Melinda Gates Pushes G7 to Close Digital Gender Gap in Africa
G7 finance ministers meeting in France are to endorse a paper from the Gates Foundation saying there is a serious risk that digital technology and mobile banking will bypass millions of women in Africa, leaving them disempowered for a generation.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Singapore’s CredoLab to Power Digital Financial Inclusion in Sub-Saharan Africa
CredoLab’s alternative credit scoring solution comes at a critical juncture in the region’s focus on financial inclusion.
- Categories
- Finance
- Region
- Asia Pacific