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Talk360 Raises $4 Million Seed Round to Expand its Calling Business, Build African Payment Platform
Talk360’s calling app raises capital to expand footprint and brand across Africa, and open its’ payment platform to other merchants.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Pan-African Fintech App, Bamba Lands $3.2 Million Seed Funding
Through an android application, Bamba allows micro-merchants across Africa to run their entire business utilising their phones. Funds will be used to scale the platform.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, MSMEs
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Dock Receives $110 Million In Funding for Its Digital Payment and Banking Platform
Dock offers a full-stack platform that offers solutions to both payments and digital backing, covering the entire ecosystem.
- Categories
- Finance, Technology
- Region
- Latin America
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UNCDF Partners with Our Telekom to Develop Mobile Money Services in Solomon Islands
Telekom to launch mobile money services in Solomon Islands in efforts to boost financial inclusion and transform the digital payments ecosystem in the country.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Fintech Services Contribute to Increase in Financial Literacy in India
With nearly 2000 fintech startups in the country, one would imagine India’s financial literacy to be high. Yet, statistics show that despite a population of over 1.3 billion people, about 76% of the adult population still lacks basic financial concepts.
- Categories
- Finance
- Region
- Asia Pacific
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Reaching Informal Savings Groups with Formal Financial Products: A Study’s Unexpected Findings Reveal the Challenges of Digitizing Transactions
Formalizing the financial activities of informal savings groups has long been a priority in financial inclusion. Since 2015, the Savings at the Frontier program has worked to deepen the relationships between these groups and formal financial service providers, on the assumption that this would lead group members to open individual accounts and reap the benefits of digital transactions. But as Raksha Vasudevan explains, the results of a program evaluation have challenged these assumptions. She explores these findings, and their implications for efforts to digitize informal savings groups.
- Categories
- Finance, Impact Assessment, Technology
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Led by Kenya-Based Entrepreneurs Tesh Mbaabu and Mesongo Sibuti, Marketforce Closes the Largest Series A Round of Its Kind in East and Central Africa
MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, has announced the closing of a $40 million Series A round.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Malawi Gets $14.2 Million Grant for Financial Digitalisation
The African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14,2-million to undertake infrastructure upgrades and create a more efficient and transparent digital payment system.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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