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Money Fellows Raises $13 Million in Strategic Funding to Enhance Financial Inclusion in Africa
The new investment aims to enhance and upgrade the company’s digital platform, especially as its user base expands to over 8.5 million users and it continues to collaborate with more than 350 local and regional partners.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Kaleidofin Secures $5.3 Million From IDH Farmfit to Boost Agri-Fintech Offerings
The investment will support Kaleidofin’s efforts to scale its lending portfolio and expand its technology stack, including credit scoring tools, middleware infrastructure, and risk services.
- Categories
- Agriculture
- Region
- Asia Pacific
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The Quiet Revival of Microfinance: Why The Sector is Poised for Greater Growth and Impact in 2025 and Beyond
After starting in the 1970s, the microfinance industry had become a global sensation by the early 2000s, only to see its momentum wane over the subsequent decade due to concerns about high interest rates and poor borrower outcomes. But according to Kris Coppock at Five Talents, a number of data points reveal that microfinance has quietly turned a corner in recent years. He explores how the sector is emerging from the malaise that defined the past decade, driven by a lending approach that treats access to capital as just one part of a wider toolkit for building resilience, opportunity and dignity.
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Glovo and Salad Africa Partner to Provide Financing Worth ₦100 Million for SMEs
The partnership will help to close the funding gap for Africa’s SMEs.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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ICD Disburses SME Financing Facility (€15MLN) in Favor of Crédit Communautaire D’Afrique Bank Cameroon
This strategic financing initiative aims to strengthen local SMEs by supporting productive investments.
- Region
- Sub-Saharan Africa
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Fintech Startup PayTic Grabs $4 Million to Expand Payment Automation Across Africa
PayTic plans to use the funding to enhance its payment automation solutions and expand into North and Sub-Saharan Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian Fintech Bets on UK Diaspora With Remittance Push
The MonieWorld service enables money transfers from the UK to Nigeria, the latest in a growing number of remittance products from Africa targeting the $100 billion that flows annually from immigrants in the diaspora to the continent.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Verdant Capital Expands Investment in LOLC Africa to $13.5 Million, Boosting MSME Financing Across the Continent
"Recognised as one of the world’s leading microfinance groups, LOLC targets customers at the “bottom of the pyramid” by improving access to financial services and increasing customer deposits across underserved communities."
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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