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Tiger Global-Backed Minka Is the Latest Latin American Fintech to Set up Shop in Africa
Minka’s arrival in East Africa follows a trend of Latin American fintech companies expanding into Africa.
- Categories
- Finance, Technology
- Region
- Global
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Norfund Invests $20 Million in APIs Growth Markets Fund III to Propel Fintech Expansion in Developing Economies
Norfund aims to address the financial needs of underserved populations by broadening its investment strategy to include fintech ventures.
- Categories
- Finance, Technology
- Region
- Global
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Report: Global Remittances Slowed in 2023, Seen Rising in 2024 — World Bank
Remittances remained a crucial source of external finance for developing countries in 2023, bolstering the current accounts of several countries grappling with food insecurity and debt issues.
- Categories
- Finance, Technology
- Region
- South Asia
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Rethinking Credit Scoring: A Pay-As-You-Go Pioneer Explores Innovative Solutions in Africa
The ability to make life-changing purchases — from buying a home to setting up a business — usually relies upon acquiring credit. But as Mansoor Hamayun at Bboxx explains, in many emerging markets, it’s incredibly difficult for the average citizen to obtain a credit score. He explores the obstacles to credit scoring in Africa, and discusses how Pay-As-You-Go financing of solar products — combined with innovative approaches to consumer subsidies — can be leveraged to boost access to credit scores and essential financial services in underserved communities.
- Categories
- Finance
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Malaysia’s Paywatch Secures $30 Million Funding From a Mix of Equity and Credit Facilities
This is the largest funding round closed by an Malaysia-based earned-wage access (EWA) player in Southeast Asia.
- Categories
- Finance, Technology
- Region
- South Asia
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TymeBank Chases $150 Million Funding in Unicorn Run Up
Funds from the raise will fuel expansion into new markets, particularly Indonesia, by year-end, following entries into Vietnam and the Philippines.
- Categories
- Finance, Technology
- Region
- Global
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ThriveAgric Partners with Visa to Expand into Kenya
The hubs, located in Homabay and Busia counties, will serve as learning centres where farmers can gather for training sessions and facilitate the distribution of inputs. The project aims to reach up to 10,000 farmers.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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NOW Money Raises USD $4 Million in New Funding
NOW Money in providing secure digital banking solutions specifically tailored for low-income and migrant workers in the Gulf Cooperation Council (GCC) region, offering accessible financial services to those who often lack basic banking facilities.
- Categories
- Finance, Technology
- Region
- North America
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