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The African Development Bank Secures $525,000 Grant to Strengthen Fintechs in Africa
The Africa Fintech Hub is an online portal that would serve as a one-stop shop for all fintech activities in Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Payment Orchestration Fintech IXOPAY Teams Up with Latin America’s EBANX
The partners will focus on providing access to local payment solutions for global brands and to consumers.
- Categories
- Finance, Technology
- Region
- Latin America
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Payday Announces Partnership With SpaceX’s Starlink in Rwanda
Payday and Starlink operations in Rwanda will make digital banking accessible to all remote workers & professionals on the continent.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Press Release: Funding Societies Crosses US $3 Billion in SME Lending, Doubles Down Beyond Financing to Bolster Support for SMEs’ Needs
As the company expands across five countries in Southeast Asia, almost 100,000 SMEs have benefited from the access to financing.
- Categories
- Finance, Technology
- Region
- South Asia
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Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in Nigeria
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
- Categories
- Finance, Investing, Technology
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African Development Bank Group Earmarks $8 Million to Establish Interoperable Bank ID System in 4 West African Countries
The purpose of the new bank ID system is to enable the linkage of bank accounts across different financial service providers in what is seen as a financial inclusion push.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Visa Foundation Commits $5 Million to Support Women Entrepreneurs in Africa
Visa Foundation says it expects to contribute $5 million in grants and impact investments in Africa that will support women’s participation in the digital economy.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Fintech TerraPay Secures $100 Million via Series B to Expand Payments Infrastructure
The funding will help TerraPay’s global expansion plans, especially across the LATAM and MENA regions.
- Categories
- Finance
- Region
- Global
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