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pawaPay Raises $9 Million Seed Backed by MSA Capital, 88mph and Mr Eazi’s Zagadat Capital
PawaPay is tackling technical complexities in creating a unified infrastructure for businesses that need digital payments.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Africa-Focused Payment Firm Opay Raises $400 Million in Funding Round Led by SoftBank
OPay, an Africa-focused digital payment startup founded by a Chinese entrepreneur, said it has secured $400 million in its latest funding round.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Nigeria’s Kuda Bank Raises $55 Million At $500 Million Valuation
Nigerian FinTech startup Kuda Bank notched $55 million in a Series B funding round at a $500 million valuation as the digital bank seeks to expand into other countries across Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Financial Inclusion During – And After – COVID-19: The 2021 Compass Survey Reveals the True Scale of the Challenges Ahead
COVID-19 has upended the global financial inclusion sector, causing immense new challenges for low-income clients, their households and businesses, providers, funders, and the broader ecosystem. The full extent of this impact won't be seen until the pandemic fully subsides, but trends are emerging. Sam Mendelson at e-MFP shares findings from the organization's most recent Financial Inclusion Compass survey, which asked a broad cross-section of stakeholders where they see these increasingly complex issues trending — and what they’d like to see in the future.
- Categories
- Coronavirus, Finance
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India’s Microfinance Sector Hit As Defaults Surge In Pandemic
Small loan specialists in India that typically cater to people without bank accounts are facing a jump in pandemic-related defaults that could force some of them out of business, industry experts warn.
- Categories
- Coronavirus
- Region
- Asia Pacific
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PayMaya Owner Voyager Innovation Raises $167 Million from KKR, Tencent and IFC, to Launch Digital Bank in the Philippines
Voyager Innovations, the Manila-based owner of PayMaya, one of the Philippines’ most popular payment and financial services apps, announced new funding to launch more financial services.
- Categories
- Finance, Technology
- Region
- South Asia
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Mastercard and Zamtel Partner to Transform Payments in Zambia
Mastercard and Zamtel has announced entering into a strategic partnership that will enable Zamtel Mobile Money customers to make safe and seamless digital payments on the Mastercard network including international e-commerce transactions.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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SVB-Led $100 Million Investment Makes Chipper Cash Africa’s ‘Most Valuable Startup’
Chipper Cash, a three-year-old startup that facilitates cross-border payment across Africa, has closed a $100 million Series C round to introduce more products and grow its team.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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