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Press Release: Ecuador Will Receive $300 Million From the World Bank to Finance Loans to Micro, Small and Medium-Sized Enterprises
The new resources will be used to increase the number of loans, beneficiaries and impact on micro, small and medium-sized enterprises (MSMEs).
- Categories
- Investing
- Region
- Latin America
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Press Release: Mobile Money Exceeds Industry Expectations, Reaching a Transaction Value of 1.26 USD Trillion in 2022
The GSMA's State of the Industry Report on Mobile Money 2023 shows adoption rates are even more significant than expected.
- Categories
- Technology, Telecommunications
- Region
- Global
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Report: Africa Likely to Leapfrog Leading Fintech Regions if It Adopts New Technologies
The report notes that while cash is “still king” in Africa, fintech startups are ideally positioned to solve the continent’s financial exclusion woes.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- data, financial inclusion, fintech, startups
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Indonesia’s Evermos Raises $39 Million Funding Led by IFC to Fuel Business Expansion
Evermos said it will channel this latest funding towards strengthening its reseller network.
- Categories
- Investing
- Region
- South Asia
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Dispute Between Nigerian Banks and Telcos Over $260 Million USSD Debt Threatens Financial Inclusion
The clash between Nigeria’s banks and telcos over accumulated debts for USSD services risks disrupting essential mobile money services for millions of Nigerians.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Press Release: Vivriti Asset Management Launches India’s First Securitization Fund With Investment From IFC and M&G Catalyst, to Boost Financing for Small Businesses and Address Gender Gaps
Millions of low-income households and micro and small enterprises (MSEs), especially women-owned MSEs, will have improved access to finance with the investment.
- Categories
- Finance
- Region
- Asia Pacific
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Press Release: Latin American Fintech Kiwi Raises $80 Million to Provide Underbanked Consumers with Credit Access in the U.S.
Kiwi, a fintech dedicated to helping consumers build credit history and improve financial literacy, announced that it has closed a credit facility and funding round.
- Categories
- Finance, Technology
- Region
- Latin America
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Asian Development Bank Investing $25 Million in Private Equity Fund to Grow Middle-Market Companies in Southeast Asia
The multilateral lender signed a $25 million equity investment in the private equity fund managed by Singapore-headquartered investment firm Exacta.
- Categories
- Education, Finance, Health Care, Investing
- Region
- South Asia
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