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Press release: Mines Secures $13M Series A to Grow Digital Credit Platform for Emerging Markets
"There are more than 3 billion adults globally without access to credit. Our vision is that every one of them will have instant access to credit in the next 10 years." explains Ekechi Nwokah, Mines CEO. "We believe the best way to realize this vision is to partner with banks, retailers and mobile operators and power digital credit products tailored to their markets so they can create the customers of tomorrow, today.”
- Source
- Press release
- Categories
- Finance
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The Impact Of The Middle East’s Fintech Boom On Economic Inequality In The Region
History tells us that any new technology can lead to one of two diametrically-opposed social outcomes: the technology can help balance the distribution of global wealth, or it can deepen economic and social inequality.
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- Finance
- Region
- North Africa & Near East
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JP Morgan, Gates, Dell give $9.5 million for India’s Financial Inclusion Lab
American philanthropic investors are now coming in to further push India’s digitisation drive and financial inclusion.
- Region
- South Asia
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A Shifting Frontier: How Mobile Money is Reshaping the Gender Gap in Financial Inclusion
Mobile banking can undoubtedly be a useful tool when it comes to closing the financial services gender gap – with the key word being "can." But as the results of the Global Findex report show, fintech is no panacea for addressing longstanding disparities in financial access, and the gap between men and women remains great. Scott Graham of FINCA International explores the potential – and limitations – of digital finance to boost women’s inclusion and empowerment.
- Categories
- Finance
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Experian leads USD 28 mln investment to drive financial inclusion across Southeast Asia
Experian has led a USD 28 million Series C investment in C88 Financial Technologies Group(C88) to drive financial inclusion in Southeast Asia.
- Region
- Asia Pacific
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Three Steps (and One BFF) for a Perfect Bank-Fintech Match
Finding "The One" has never been easy: you have to know what you want, set appropriate filters, determine mutual understanding, and, of course, remember to take things slow. Fintechs and banks may not seem like natural partners, but as of late they're pairing up more than ever. With so many hurdles to cross, it's only natural that they could use a little help – and that's why BFA and MetLife Foundation teamed up to play matchmaker. In this piece, Maelis Carraro, senior associate at BFA, outlines how they brought together two new fintech-bank power couples in Latin America.
- Categories
- Finance
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Press release: IFC, Mastercard Foundation present key tool to expand digital financial inclusion
“Agent banking and mobile money have begun to transform the financial landscape in many African markets, and there is an increasing body of evidence to show that this has real, positive impact on people’s lives and livelihoods,” said Riadh Naouar.
- Categories
- Finance
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Announcing the Latest NextBillion E-book: Insights and Innovations in Financial Health
In response to a growing recognition that financial access alone doesn’t guarantee social impact, many of the sector’s leading voices are shifting their focus to financial health. MetLife Foundation and its partners explored that topic on NextBillion's Financial Health site, through 20 articles that discuss what’s working—and sometimes, what’s not working—in inclusive finance. We’ve compiled these articles into an e-book, which you can download and share here.