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African Fintech Startup, Mono Raises $15 Million Series A
Five months after closing $2 million in seed investment, Mono, a robust open banking platform for Africa has raised a $15 million Series A round to power the digital economy in Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The Time is Now: How to Build an Inclusive Financial System For All
As global finance leaders gather for this year’s World Bank and IMF meetings, they're meeting against a backdrop of existential crises, from the COVID-19 pandemic to climate change and widening inequalities. Dan Barker at Mastercard's Center for Inclusive Growth and Mackenzie Wallace at the Aspen Institute’s Financial Security Program explore why these crises raise the need – and the opportunity – to build an inclusive financial system for all. They share four principles to guide this process, and discuss the crucial roles policymakers, financial services providers, academia, community groups and NGOs can play.
- Categories
- Finance
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Analysis: Zimbabwe Cracks Down on Currency Dealers on Social Media and Mobile Money Platforms
With the government cracking down on mobile money, the country’s financial woes may just worsen.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Mexican Fintech Konfio Says Now Worth $1.3 Billion With New Capital
Konfio, which helps small businesses secure loans, said the funds will be used to broaden its reach in Latin America’s second-largest economy.
- Categories
- Finance, Technology
- Region
- Latin America
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Analysis: The Precarious State of MSMEs: Understanding the Impact of COVID-19 and Opportunities To Support Their Recovery
In May 2020, The Center for Financial Inclusion (CFI), as part of our partnership with Mastercard’s Center for Inclusive Growth, launched a six-wave, longitudinal survey examining the impact of COVID-19 on MSMEs in four countries: Colombia, India, Indonesia, and Nigeria.
- Categories
- Coronavirus, Finance, Impact Assessment
- Tags
- financial inclusion, MSMEs
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Aspire Raises $158 Million Series B To Build a Full-Stack “Financial Operating System” for Southeast Asian Businesses
Aspire also operates in Indonesia and Vietnam and is laying the groundwork, including regulatory, to expand into other Southeast Asian markets,
- Categories
- Finance, Technology
- Region
- South Asia
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Mexico’s Kavak Drives Away With $700 Million in New Funding, Doubling Its Valuation to $8.7 Billion
Kavak, a Mexico City-based startup that operates a pre-owned car marketplace in Latin America, announced it has raised a massive Series E round that more than doubles the company’s valuation.
- Categories
- Finance, Technology, Transportation
- Region
- Latin America
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Mastercard Launches Strive: a Global Small Business Initiative to Accelerate Economic Recovery
This program builds on lessons learned and a body of work developed as part of Mastercard’s long-term focus on financial inclusion”
- Categories
- Coronavirus, Finance
- Region
- Global