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Press Release: IFC’s Base of the Pyramid Platform Provides $1 Billion to Expand Access to Finance for Small Businesses
Projects under the BOP platform are expected to help client financial institutions grow their loan portfolios from 5.5 million to 7.9 million loans to MSMEs.
- Categories
- Finance
- Region
- Global
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Kenya’s Lipa Later Partners with Mastercard to Drive Buy Now, Pay Later Solutions in Africa
The strategic partnership with Mastercard aims to unlock new opportunities for consumers and merchants by providing tailored BNPL solutions and enhanced payment capabilities.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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India supports African Development Bank’s Digital Financial Inclusion Drive in Africa with $2 Million Donation
The financial commitment for digital public infrastructure will leverage the lives of millions of unbanked and underserved Africans.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Vistaar Finance to Raise $50 Million in Debt Financing from US DFC
DFC’s support is expected to assist Vistaar in expanding its secured MSME lending portfolio in India.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- financial inclusion, MSMEs
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Remedial Health Raises $12 Million to Deliver Financial Services for Neighborhood Pharmacies in Nigeria
Across Africa, 85 percent of retail medicine purchases happen at micro-enterprises, typically neighborhood pharmacies.
- Categories
- Health Care, Investing
- Region
- Sub-Saharan Africa
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Rapyd’s $610 Million Deal for PayU Will Assist Its Global Expansion
When the acquisition completes, the newly combined business will be active in over 100 countries with more than 250,000 merchant clients.
- Categories
- Finance, Technology
- Region
- Global
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Traction Raises $6 Million Seed as Nigeria’s Merchant Acquiring Space Continues to Heat Up
The investment was anchored by Pan-African investor Ventures Platform and Multiply Partners, with participation from P1 Ventures and other investors.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, MSMEs
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Impact Investors Embrace Measurement Tools, GIIN Reports
While more investors are using impact data to inform their decisions, one headwind is the lack of comparability.
- Categories
- Investing
- Region
- Global
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