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Press Release: 2022 FinHealth Spend Report Marks First-Ever Decline in Ten Year History of Tracking Fees and Interest Paid for Everyday Financial Services
Reduction attributed to student loan debt moratorium, pandemic-related decline in credit card debt, and government stimulus funds allowing many to avoid high-cost lending; but underserved populations still pay a greater proportion of fees and a number of factors indicate a likely rise in the year ahead.
- Categories
- Finance
- Region
- Global
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UNCDF Partners with Our Telekom to Develop Mobile Money Services in Solomon Islands
Telekom to launch mobile money services in Solomon Islands in efforts to boost financial inclusion and transform the digital payments ecosystem in the country.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Line Acquires $25 Million in Equity, Debt to Build Inclusive Financial System
Line, the firm building a “modern” inclusive financial network, announced that it has secured $25 million in equity and debt, with Massive leading the funding round.
- Categories
- Finance
- Region
- Asia Pacific
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Kinara Capital Raises $50 Million in Equity from Nuveen, ASN Microkredietfonds to Boost Lending to MSMEs in India
India’s Kinara Capital recently raised INR 3.8 billion (USD 50 million) in equity from the Global Impact Fund of US-based Nuveen.
- Categories
- Finance
- Region
- Asia Pacific
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$60 Million for SME Impact Investment Vehicle B in Africa
At least six development finance institutions are committing $60 million to the Bamboo-UNCDF Initiative for Least Developed Countries (BUILD). The vehicle will invest in impact projects led by small and medium-sized enterprises (SMEs).
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Panama Is Poised to Approve the Use of Bitcoin and 8 Other Cryptos ‘Without Limitation’
Lawmakers in Panama have approved a bill that would regulate the use of Bitcoin and eight other cryptocurrencies to be used to pay taxes and private transactions.
- Categories
- Finance, Technology
- Region
- South Asia
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We-Fi announces New Round of Funding for Women Entrepreneurs; $15 Million to the Africa Digital Financial Inclusion Facility to Improve Access to Finance for Women-owned Small Businesses
Africa Digital Financial Inclusion Facility (ADFI) will receive $15 million to develop and extend digital financial solutions to women-owned small and medium businesses.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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African Development Bank Approves $180 Million Loans to Extend Electricity Access to Rural Areas in Rwanda
This follows the 26 May 2021 approval for $84.2 million from the resources of the African Development Fund (ADF), the concessional window of the Bank Group, for the same project.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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