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Payday Raises $3 Million Seed Funding to Drive Product Expansion
Payday, with over 330,000 users and 40,000 daily transactions, has raised a $3 million Seed round led by Moniepoint Inc., a later-stage financial services holding company.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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How Inclusive Finance Can Address the World’s Most Fundamental Challenge: Food Security, Nutrition and the European Microfinance Award 2023
According to the World Food Programme, the world is facing “a food crisis of unprecedented proportions.” Joana Afonso, Sam Mendelson, Fernando Naranjo Galindo and Daniel Rozas at the European Microfinance Platform (e-MFP) explore the multiple drivers and dimensions of food insecurity, and explain why the financial inclusion sector is uniquely placed to address it. They share how the e-MFP's European Microfinance Award 2023 is promoting innovative solutions to the crisis through its focus on “Inclusive Finance for Food Security & Nutrition.”
- Categories
- Agriculture, Finance
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Bringing Agricultural Insurance to Climate-Vulnerable Farmers: A Unique Pilot Program in Nepal Shows How to Unlock the Benefits of Index-Based Insurance for Smallholders
Nepal's topography and climatic conditions make it uniquely prone to natural disasters. As Maria Perdomo at UNCDF explains, these disasters threaten the country's economic development, and smallholder farmers and rural women are disproportionately affected. She discusses a UNCDF pilot program that brought agricultural insurance coverage to Nepali smallholders, and shares learnings from the program that could inform efforts to deliver insurance to farmers in other climate-vulnerable countries in Asia and beyond.
- Categories
- Agriculture, Environment, Finance
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Switzerland Pledges 15 Million Francs to the Bamboo-UNCDF Initiative for the Least Developed Fund
The BUILD Fund is a unique investment fund in support of small and medium-sized enterprises (SMEs) in least developed and lower middle income countries (LDCs and LMICs).
- Categories
- Investing
- Region
- Global
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Press Release: Central African Republic Can Lift Millions Out of Poverty by Revitalizing its Agricultural Sector: World Bank Report
The Central African Republic can lift millions of people out of poverty by transforming its vital agriculture sector as a key driver of economic growth.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Press Release: Monnai Secures $6.5 Million Series A Funding Led by Tiger Global
By providing fintechs and financial institutions with an innovative, modern global infrastructure, Monnai empowers its clients to more efficiently and accurately leverage data to make decisions throughout the lifecycle of their customers.
- Categories
- Finance, Technology
- Region
- Global
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Proparco Makes $15 Million Debt Investment In Indian Microlender
Svatantra provides micro loans to rural women entrepreneurs who run small businesses.
- Categories
- Finance
- Region
- Asia Pacific
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Do Formal Savings Accounts Lead to Better Results for Low-Income Users?: Lessons from Two Customer-Centric Research Studies in Africa
The Savings Learning Lab was a six-year initiative that supported learning among Mastercard Foundation’s savings-focused financial inclusion programs across Africa. Program partners Savings at the Frontier and Scale2Save employed two different research approaches to better understand the impact of formal savings accounts on the lives of low-income people. Jenny Morgan at FinEquity discusses these approaches and the insights they generated, which went beyond access and usage to reveal the nuances of clients' savings preferences and behaviors.
- Categories
- Finance
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