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South African Fintech Startup JUMO Bags USD 3 Mn In Equity Investment From Proparco
JUMO leverages the mobile networks to provide loans and savings-products to its customers. It has developed a credit scoring algorithm which helps customers to unlock the value of their digital footprints by giving an accurate estimation of their creditworthiness.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How a Foundation is Looking to Help Millions of Young People Find Work in Africa
By 2035, there will be more young people entering Africa's workforce each year than in the rest of the world combined. Can that high-stakes challenge be solved with better training and education, savvy use of technology, and wider financial inclusion?
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Finding Emerging Markets Stocks With Social Consciences
There are now 10 mutual funds and exchange-traded funds that invest in stocks in emerging markets while making environmental, social and governance performance an explicit part of their mission, according to Morningstar.
- Categories
- Investing
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A ‘miracle’ in India will disrupt e-wallets and incumbents
As countries around the globe endure fragmented payment markets, where citizens and businesses suffer from cash dependency, poor accessibility, high transaction costs and low interoperability between different payment systems, India’s Unified Payment Interface presents a miracle model that other developing economies can emulate, as they look to move away from cash-centricity and overhaul their own payments infrastructure in pursuit of speed, security, auditability and financial inclusion.
- Categories
- Finance
- Region
- South Asia
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Concern Worldwide, Trickle Up and MetLife Foundation to support ultra poor women in Bangladesh
The program aims to support 600 families through an adapted graduation approach and increase access and usage of financial services for 12,400 women.
- Region
- South Asia
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MTN expands financial services offering with Ecobank deal
MTN is moving further into the financial services space, announcing a partnership with major Pan-African banking group Ecobank.
- Categories
- Finance
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Viewpoint: Stop talking about financial inclusion. Identity inclusion must come first
When it comes to financial services, we tend to think that proving our identity begins at the credit bureau or bank branch, as a necessary step in the process of building up a credit history. But that’s back to front: identity and financial services intertwine well before this point.
- Categories
- Finance, Technology
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No One Should be ‘Scared to Live too Long’ – Innovating Insurance for the Elderly
After a chilling conversation with his family housekeeper about her fear of "living too long" and becoming a burden on her family, Tyron Fouche was inspired to start Nobuntu, an insurance plan for low-income South Africans. Combining an ancient risk-sharing design with modern tools like chatbots and biometric tech, the plan offers customers an income that actually increases as they get older. Fouche discusses Nobuntu's innovative model – and the big challenges it faces – in the latest post in NextBillion’s "Startup Showcase" series.
- Categories
- Finance, Social Enterprise
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