-
Flutterwave Secures Nigerian Banking License to Accelerate Payment Efficiency
By securing this banking license, Flutterwave gains greater control over how funds move within its ecosystem, including the ability to hold deposits and manage financial flows across its platform.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Press Release: World Bank Group Approves Financing to Boost Credit Access for Micro, Small and Medium Enterprises and Job Creation in El Salvador
The project will facilitate complementary private capital mobilization, building on the support that the International Finance Corporation, the World Bank Group's private sector arm, drives in the areas of financial inclusion and productive expansion for formal job creation.
- Categories
- Finance
- Region
- Latin America
-
Ghana’s National ID Cards Can Now Make Payments
The NIA’s aim for developing this feature is to bolster financial inclusion within the country.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Kenya’s 4G Capital Secures $2 Million Funding to Expand Financial Inclusion Across East Africa
Founded in 2013, 4G Capital blends human customer service with advanced digital technology to deliver small working capital loans and customised business training to micro enterprises that are excluded from the formal financial system.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, innovation, lending, MSMEs, scale, startups
-
The Myths and Realities of Inclusive Insurance: Lessons from the Field
Across low- and middle-income countries (LMICs), insurance penetration is around 1% of GDP, compared to a global average of around 7%. According to Rehan Butt at Instaful Solutions, policymakers, donors and insurers have increasingly turned to “inclusive insurance” to reach LMIC customers — yet they often mistakenly approach it as a scaled down or charitable version of traditional insurance. He argues that inclusive insurance represents a fundamentally different business model, with distinct product design, processes, distribution and economics, and highlights some misconceptions that can cause these insurance products and programs to underperform.
- Categories
- Finance
-
TransFi Inc. Raises $19 Million to Build an Emerging Markets–Focused Global Payments Platform on Stablecoin Rails
The Series A funding will be deployed to accelerate expansion across high-growth emerging market corridors across South-East Asia, South Asia, Middle East, LatAm and Africa, deepen regulatory licensing, and strengthen TransFi’s liquidity network.
- Categories
- Finance, Technology
- Region
- Global
-
Divest Launches Money Xchange to Simplify Cross-Border Payments in Africa
One of the main features of Money Xchange is transparency. The platform allows users to see exchange rates before they confirm a transaction.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
ResponsAbility Commits USD $21.5 Million to CDB to Scale Green Lending in Sri Lanka
The transaction strengthens responsAbility’s footprint in South Asia and the Sri Lankan market, supporting CDB in expanding SME lending, advancing gender-focused financing, and scaling investments in energy efficiency and renewable energy.
- Categories
- Investing
- Region
- South Asia
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.