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Fairplay Closes $35 Million in Equity, Debt to Provide Revenue-Based Financing to Entrepreneurs in Latin America
Mexican revenue-based investment startup Fairplay secured $35 million in Series A funding to invest in the online marketing campaigns of direct-to-consumer e-commerce brands and marketplace sellers in Latin America.
- Categories
- Finance, Technology
- Region
- Latin America
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BRAC Survey Finds 95 Percent in Bangladesh Suffer Losses in Income Due to COVID-19
Brac in a latest survey said that the lockdown and social distancing measures announced to contain the spread of the COVID-19 pandemic has forced 95% people across the country to suffer a loss in their income.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Coronavirus May Cost Africa $4.8 Billion in Crop Exports
The coronavirus pandemic could cost Africa as much as $4.8 billion in lost agricultural exports and affect the livelihoods of 10 million farmers, McKinsey & Co. said.
- Categories
- Agriculture, Coronavirus, Finance, Health Care
- Region
- Sub-Saharan Africa
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How Coronavirus Slashed Trips to Kenyan Atms to an All-Time Low in April
In April, the value of money transacted through cards and point-of-sale machines declined by a third to Sh35.2 billion from Sh52.1 billion in March.
- Categories
- Coronavirus, Finance
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Central Bank of Zambia Approves k2.3 Billion for Businesses to Remain Afloat
THE Bank of Zambia (BoZ) has approved K2.3 billion for microfinance institutions and commercial banks to help businesses remain afloat amid the coronavirus impact.
Association of Microfinance Institutions in Zambia (AMIZ) president Jetty Lungu said loan applications valued at K4.6 billion were made by microfinance institutions and commercial banks and only K2.3 billion was approved.- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Pandemic Disrupts Remittances, Leaving Immigrants’ Families Without Lifelines
In normal times, millions of small financial transactions take place daily worldwide when immigrants wire a portion of their earnings to loved ones back home.
- Categories
- Coronavirus, Finance
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Kenyans turn to friends, relatives as lenders shy off
“Friends and family are the main financial solutions used by [a] majority of Kenyans when they run out of money to meet their day-to-day needs,” the survey found.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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