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Pismo Raises $108 Million Series B Led by Softbank, Amazon and Accel To Enable Cloud-native Financial Services Globally
Pismo, the cloud-native core banking and payments platform, announced the signing of a $108 million Series B fundraising round.
- Categories
- Finance
- Region
- Global
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Dopay Raises $18 Million Series A Round
Dopay, the innovative B2B2C payments platform serving 1.7bn unbanked workers in emerging markets, has closed a US$ 18 million Series A funding round.
- Categories
- Finance, Technology
- Region
- Global
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An Innovative Approach to Income Volatility: How One Company Is Bringing Income Pooling (Back) to the United States
Low-income communities in emerging markets around the world use income pooling groups to recover from financial shocks or save for much-needed expenditures. As Sarmed Rashid at Pando explains, the practice allows group members to manage their income volatility – a challenge also faced by many professionals in the United States. He explores how Pando is seeking to serve these individuals by creating, organizing and managing income pools for Americans working in entrepreneurship and sports, while aiming to expand its focus to include poverty alleviation and economic development.
- Categories
- Finance
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Financial Services That Work for Young People: How Social Norms Impact Financial Resilience Among the Youth in Africa
Financial service providers are capable of reaching young people in Africa, but not without a deep understanding of how social norms and expectations are impacting their financial access and usage, say Lise Paaskesen at Lise Consultancy and Weselina Angelow at the World Savings and Retail Banking Institute. They explore research that suggests how providers can improve young people's opportunities and resilience by offering services that foster autonomy, decision-making and bargaining power — which in turn can contribute to changing social norms in those areas.
- Categories
- Finance
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El Salvador Becomes First Country to Adopt Bitcoin as Legal Tender After Passing Law
Lawmakers in the Central American country’s Congress voted by a “supermajority” in favor of the Bitcoin Law, receiving 62 out of 84 of the legislature’s vote.
- Categories
- Finance, Technology
- Region
- Latin America
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10 Financial Literacy Solutions Receive Grants, Support From Nationwide Innovation Challenge
Ten financial literacy innovations were awarded grants and support from PhilDev Foundation and Cebuana Lhuillier Foundation, Inc. (CLFI) to boost financial literacy in underserved communities in the Philippines.
- Categories
- Finance
- Region
- South Asia
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Desperate Times, Desperate Measures: A Microfinance Network Responds to the Devastating Reality of COVID-19 in India
The COVID-19 pandemic is taking a disastrous toll in India, with over 27 million confirmed cases and 311,000 reported deaths. In the face of this emergency, Opportunity International is leveraging its network of microfinance partners to provide crucial assistance to hard-hit communities. CEO Atul Tandon explains how the organization is working with microfinance providers to convert their offices into emergency response and triage centers, while educating clients about pandemic-related health risks and providing them with food and supplies.
- Categories
- Coronavirus, Finance, Health Care
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