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Global alliance launches guidelines for fintech investors
The Guidelines for Investing in Responsible Digital Financial Services have been launched by an international network of over 50 fintech investors and innovators, aiming to promote fintech funding by providing a framework for evaluating investment opportunities and risks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Global fintech investors team up to promote responsible digital finance
While the opportunities have increased, so too have the risks surrounding digital financial services for investors, investees, customers and wider digital ecosystems across markets and regions.
- Categories
- Finance
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Phone becomes a throw-in for mobile wallet app in South Africa
MyBucks, a company headquartered in Luxembourg that publicly trades in Frankfurt, was founded in 2011 to make microloans to small businesses.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Rising wave of e-frauds puts Nigerian economy at risk
Recently, Nigerian banks were among the ones targeted by the North Korean hacker, Lazarus. The Central Bank of Nigeria, CBN, rates e-fraud as the biggest risk in the sector which has widely incorporated electronic payment solutions such as Automated Teller Machines, ATMs, NIBBS Instant Payment, NIP, and mobile banking.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press release: CGAP Launches New Five-Year Strategy
In addressing the CGAP Annual Meeting, CGAP CEO Greta Bull said: "Our new strategy Is centered around helping poor people adapt to the disruptive forces in an increasingly digital world. Poor people know that financial services can help them manage their lives more securely. It is our job to make sure that we make financial services available, affordable and useful so that poor people can capture opportunities and build resilience."
- Categories
- Finance
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China’s Ant Financial raises $10 billion at $150 billion valuation
Ant’s first fundraising targeting global money values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016.
- Categories
- Finance
- Region
- Asia Pacific
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Press release: Lidya Raises $6.9 Million in a Series A Round Led by Omidyar Network
Lidya, the digital financial services platform focused on improving access to credit for micro-, small-, and medium-sized enterprises (MSMEs) in Africa, today announced that it has raised $6.9 million in a Series A investment round, one of the largest in Nigerian tech history
- Source
- Press release
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, MSMEs
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PayPal Joins Indonesian Venture Firm to Develop Fintech Startups
PayPal Holdings Inc. is teaming up with Indonesian venture-capital firm Alpha JWC Ventures to back emerging financial technologies that can be developed for Southeast Asia.
- Region
- Asia Pacific
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