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Indian Savings Fintech Jar Lands $22.6 Million in Series B Funding
The start-up says the influx of cash will be used to fuel the development of its products and technology for hiring new talent.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Augmented Reality for Financial Literacy: An Innovative Approach to Delivering Immersive Customer Education
India's Business Correspondents – i.e., retail agents engaged by banks to provide financial services at locations other than a bank branch – often struggle to learn about the new products and services their banks offer. And though online training has become the new normal during the pandemic, many of these agents find it difficult to complete. Piyush Singh and Rahul Ranjan Sinha at Grameen Foundation India discuss the value of augmented reality in addressing this challenge – and in enhancing online financial education more broadly for underserved customers.
- Categories
- Education, Finance, Technology
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Pomelo Exits Stealth Mode With $20 Million Seed to Rethink International Money Transfer
Pomelo wants to make it easier to send remittance payments and conduct international money transfers, with a credit twist.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Zimbabwe’s InnBucks Gets Green Light to Resume Services
Zimbabwean mobile money platform, InnBucks, has resumed its service following its abrupt suspension by the country's central bank earlier this year.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Goldman Sachs Group Lends $150 Million to Clara to Meet Latin America Firms’ Need for Loans
The funding will help to meet Latin American corporations’ need for loans and assistance with spending management across the region.
- Categories
- Finance
- Region
- Latin America
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Tymebank to Acquire Leading Fintech SME Funder, Retail Capital, as It Bolsters Its Business Banking Offering in South Africa
Small business owners to benefit from access to turnover-based finance provided by SME funder Retail Capital.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: Digital Credit Algorithms in India: Expanding Access or Cementing Exclusion?
CFI explores how automated decision-making tools for digital credit are playing out for one demographic in India: interstate migrants.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Why Social Enterprises Struggle to Measure Impact – And What Impact Investors Can Do About It
Impact investors typically rely on output measurements, such as total capital invested or number of people served, to assess their impact. But it's harder for investors and their investees to sustainably capture outcome data that assesses actual improvements in customers' lives. Spencer MacColl at Kiva shares data from Kiva's annual impact measurement survey, which reflects the current measurement practices and challenges of the microfinance institutions and other social enterprises Kiva supports. He explores the lessons these findings offer to impact investors and others who are working to design more effective measurement practices.
- Categories
- Finance, Impact Assessment, Investing, Social Enterprise
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