NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Kiva Refugee Investment Fund Lending $1.5 Million to FINCA Guatemala to Support Returning Migrants

The goal is to expand lending to “Guatemalan migrants returning to their home country and locally based entrepreneurs.”

Source

MicroCapital (link opens in a new window)

Categories

Finance, Investing

Region

Latin America

Tags

entrepreneurs, financial inclusion, impact investing, Kiva, loans, refugees

Argentine Fintech Uala to Invest $150 Million on Mexico, Colombia Expansion, CEO Says

Argentina’s fintech unicorn Uala will invest $150 million over the next 18 months to boost its digital banking business.

Categories

Finance, Technology

Tags

banking, digital banking, financial inclusion, fintech, technology

U GRO Capital Raises $5 Million in Partnership With Enabling Qapital in India

U GRO Capital, a listed entity that operates a Fintech lending platform for MSMEs (Micro, Small and Medium Enterprises).

Source

PSU Connect (link opens in a new window)

Categories

Entrepreneurship, Finance, Investing

Region

Asia Pacific

Tags

entrepreneurs, financial access, financial inclusion, fintech, funding, impact investing, MSMEs, small business

South African Digital Identity Startup iiDENTIFii Raises Record $15 Million

Cybercrime within the financial sector is a growing threat to Africa. iiDENTIFii will use this investment to fund its expansion across the continent.

Source

VentureBurn (link opens in a new window)

Categories

Finance, Technology

Region

Sub-Saharan Africa

Tags

cyber, digital identity, financial inclusion, investment, partnerships, social innovation, startups, technology, telecommunications

The Fund for Export Development in Africa (FEDA) Announces Its First Close of US $670 Million Across Four Fund Strategies

FEDA, the impact investment arm of the Afreximbank has been set up to support intra-African trade growth, value-add export development and industrialization.

Source

Afreximbank (link opens in a new window)

Categories

Finance

Region

Sub-Saharan Africa

Tags

business development, finance, financial inclusion, investing, private equity, social impact

The Gambia Receives $28.5 Million From the US Department of Agriculture

The funds are being awarded through the McGovern-Dole International Food for Education and Child Nutrition Program, which USDA’s Foreign Agricultural Service administers.

Source

Business Insider Africa (link opens in a new window)

Categories

Agriculture, Investing

Region

Sub-Saharan Africa

Tags

agriculture, education, financial inclusion, funding, nutrition, technology

RappiPay Secures USD $112 Million to Boost Financial Inclusion

RappiPay, Colombian Banco Davivienda and Rappi’s fintech has secured USD 112 million financing in a credit to boost financial inclusion in the LATAM country.

Source

The Paypers (link opens in a new window)

Region

Latin America

Tags

e-commerce, financial inclusion, financial services, fintech, mobile money, mobile payments, technology

Islamic Bank, Africa Development Bank, Others Invest $618 Million in Nigeria’s I-DICE

“Today, Nigeria has five of the seven unicorns in Africa and raised almost $1.4 billion of the total of $4 billion raised by fintech companies across Africa in 2021.”

Source

News Agency of Nigeria (link opens in a new window)

Categories

Finance, Investing, Technology

Region

Sub-Saharan Africa

Tags

banking, business development, digitalization, financial inclusion, fintech, impact investing, partnerships, SMEs, technology