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Nigeria’s Cowrywise Raises $3 Million Pre-Series a to Scale Its Wealth Management Platform
Cowrywise, a Nigerian fintech startup that offers digital wealth management and financial planning solutions, has raised $3 million in pre-Series A funding. Quona Capital led the round as Tsadik Foundation, Gumroad CEO Sahil Lavingia, and a syndicate of Nigerian angel investors locally and in the diaspora participated. The company previously raised more than $500,000 through a combination of equity financing and grants.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, scale, startups
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Viewpoint: Fintech Regulations, Financial Stability, and Data Privacy in India: So, What Is the Path to Go Forward?
In a recent development, the Delhi High Court received a Public Interest Litigation (PIL) from an applied economist, Reshmi P Bhaskaran, seeking to regulate the entry and operations of ‘TechFin’ platforms. Inter alia, the PIL asked the High Court to help develop a regulatory framework around the TechFin industry, also popularly known as the FinTech domain. Since then, the High Court has sought replies from various stakeholders, including the Ministry of Law, Ministry of Finance, RBI, SEBI, and NPCI regarding this issue.
- Categories
- Finance, Technology
- Region
- South Asia
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Press Release: USD 127 Million Social Impact Securitization Vehicle for off-Grid Solar Sector in Kenya
BLK1 has increased the size of its local currency receivable financing facility for d.light’s Kenyan business to USD 127 million with an additional USD 15 million of senior debt from Norfund.
- Region
- Sub-Saharan Africa
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Press Release: Impact Investors Approaching Performance and Capital Allocation With Increasing Sophistication to Maximize Financial and Impact Objectives
GIIN’s new report uncovers insights into the decision-making approaches of impact investors targeting risk-adjusted, market-rate returns.
- Categories
- Investing
- Region
- Global
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Avanti Finance Secures $2 Million From Dell Foundation
Mumbai, Jan 19 (PTI) Avanti Finance, an NBFC founded by Ratan Tata, Vijay Kelkar and Nandan Nilekani, has tied up with the Michael & Susan Dell Foundation to provide affordable loans to the pandemic-hit small businesses.
- Categories
- Investing
- Region
- Asia Pacific
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A Silver Lining During the Pandemic: Three Financial Inclusion Success Stories in the Age of COVID-19
COVID-19 has had a dramatic negative impact on businesses across practically all sectors. When it comes to financial inclusion, the pandemic has sparked concerns about a widening digital divide, rising gender inequality, growing skepticism over informal financial practices, and the risk of overlooking financially vulnerable customers. But as Anshul Saxena at MSC points out, the crisis has also generated some encouraging success stories. He highlights three businesses that have found ways to thrive during the pandemic.
- Categories
- Coronavirus, Finance
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World Bank Group to Deploy $160 Billion for COVID-19 Interventions
The Bank expects to deploy up to $160 billion over 15 months through June 2021 to support countries’ responses to COVID-19.
- Categories
- Coronavirus
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African Development Bank, European Investment Bank Seal Deal to Enhance Africa’s Development
The African Development Bank (AfDB) and the European Investment Bank (EIB) yesterday signed a joint partnership action plan on how to boost public and private sector investment in Africa.
- Categories
- Environment
- Region
- Sub-Saharan Africa
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