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Kenya’s Digital ID Rollout Holds Trust, Transparency Lessons: CFI Report
The report argues that transparency has been inadequate in Kenya’s digital ID initiatives, and that “(t)he terms of donor engagement and vendor contracts are unclear.”
- Categories
- Technology
- Region
- Sub-Saharan Africa
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South Africa Fintech Startup Omnisient Raises $7.5 Million Series A Funding for Global Expansion
South African “privacy-by-design” startup Omnisient has raised US$7.5 million in Series A funding to support its expansion across Africa and beyond.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Angolan Sovereign Wealth Fund (FSDEA) Commits Investment to BFA Asset Management’s Kimbo Fund
With a fundamental objective to support the growth of companies led by young people and women, Kimbo Fund aims to contribute to filling value chains, promote job creation, strengthen financial inclusion, and improve access to financing.
- Region
- Sub-Saharan Africa
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Ghanaian Fintech Fido Closes $30 Million in Series B Funding Round
Fido is exploring mobile technology and different data sources to provide quick micro-loans to individuals and SMEs who can’t access traditional bank credits.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Lux Capital Made Its First Investment in Brazil, a $4 Million Seed for AI Fintech Magie
The company, which has raised $5.1 million in total, is creating an AI-powered financial assistant.
- Categories
- Technology
- Region
- Latin America
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Mastercard Collaborates With Fintech Start-Up, Scale
The partnership looks to accelerate the growth of digital payment solutions in Africa and the Middle East.
- Categories
- Finance, Technology
- Region
- Global
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Press Release: DFC Announces $42 Million Guaranty to the Dominican Republic’s Banreservas, Plans to Open New Regional Office in Santo Domingo in October
The new loan portfolio guaranty to the Dominican Republic’s largest bank will increase small business lending with a particular focus on underrepresented entrepreneurs.
- Categories
- Finance
- Region
- Latin America
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Mexico-Based Unicorn Stori Raises $212 Million to Promote Financial Inclusion
Stori launched its first credit card in 2020, aimed at consumers overlooked by traditional lenders.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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