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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
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Fuel Subsidy: Nigerian Government Secures $800 Million World Bank Facility
The finance minister said the $800 million is the first tranche of palliatives will be transferred to 50 million Nigerians, who belong to the most vulnerable category of society.
- Region
- Sub-Saharan Africa
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Rwazi, A Market Intelligence Firm, Raises $4 Million In Seed Funding
The funding will help the startup with planned product launches and market expansion.
- Categories
- Investing, Telecommunications
- Region
- Sub-Saharan Africa
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Avanti Finance Secures $24 Million Equity Funding From Rabo Partnerships, IDH Farmfit Fund
The funds will provide support for the company to provide affordable and localised credit products for smallholder farmers in India.
- Categories
- Agriculture, Finance, Investing, Technology
- Region
- Asia Pacific
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Credable Secures $2.5 Million Seed to Expand Its Digital Banking Offering Into Africa
Dubai-based fintech group, Credable has raised a $2.5 million seed round led by a pan-African VC fund, Ventures Platform Fund IV LP.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Nigerian Credit-Led Fintech FairMoney Acquires PayForce in Retail-Merchant Banking Play
Nigerian credit-led digital banking platform FairMoney has acquired PayForce (sub-brand of YC-backed CrowdForce).
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, MSMEs
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Analysis: How US Bank SVB’s Failure Could Impact Latin America
Tightening credit conditions resulting from the collapse of Silicon Valley Bank (SVB) could restrict financing in emerging market economies such as Latin America.
- Categories
- Finance
- Region
- Latin America
- Tags
- digital finance, failure