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Blockchain Startup Aimed at Financial Inclusion Secures $25 Million Dollar Capital Commitment
Finance Blocks will focus on emerging markets and the unbanked.
- Categories
- Finance, Technology
- Region
- Global
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Brazilian Fintech Nomad Raises $32 Million in Series B Funding
Latin American fintech Nomad, which enables Brazilians to establish bank accounts in the United States, has raised $32 million in Series B financing.
- Categories
- Finance
- Region
- Latin America
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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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Bankingly of Uruguay Raises $11 Million in Equity Round Led by Dalus Capital to Help Financial Institutions Boost Digital Inclusion in Africa, Asia, Latin America
Uruguay’s Bankingly recently secured an investment package totalling USD 11 million, which it plans to use to expand in Latin America and Africa as well as enter Southeast Asia.
- Region
- Latin America
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India’s Women Business Correspondents are Struggling: Three Steps to Increase Their Viability – And Boost Financial Inclusion
India is home to 17% of the world’s total female population, yet persistent gender gaps exist in the country's labor force – and its financial inclusion efforts. As Gaurav Sinha and Manpreet Kaur at Grameen Foundation India explain, these gender issues also impact India's Business Correspondents (BCs) – retail agents engaged by banks to provide financial services outside of bank branches or ATMs. They discuss how Grameen Foundation's Mittras program is addressing the obstacles faced by women BCs, and explore three ways to better support them.
- Categories
- Finance
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Press Release: 2022 FinHealth Spend Report Marks First-Ever Decline in Ten Year History of Tracking Fees and Interest Paid for Everyday Financial Services
Reduction attributed to student loan debt moratorium, pandemic-related decline in credit card debt, and government stimulus funds allowing many to avoid high-cost lending; but underserved populations still pay a greater proportion of fees and a number of factors indicate a likely rise in the year ahead.
- Categories
- Finance
- Region
- Global
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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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Line Acquires $25 Million in Equity, Debt to Build Inclusive Financial System
Line, the firm building a “modern” inclusive financial network, announced that it has secured $25 million in equity and debt, with Massive leading the funding round.
- Categories
- Finance
- Region
- Asia Pacific