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Fintech Services Contribute to Increase in Financial Literacy in India
With nearly 2000 fintech startups in the country, one would imagine India’s financial literacy to be high. Yet, statistics show that despite a population of over 1.3 billion people, about 76% of the adult population still lacks basic financial concepts.
- Categories
- Finance
- Region
- Asia Pacific
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Colombian Fintech Plurall Acquires Funding to Support Entrepreneurs in Latin America
Plurall, a Colombian Fintech firm that’s focused on enhancing the financial inclusion of Solopreneurs in Latin America, finalized a pre-seed round by securing $1.5 million in equity and $10 million debt financing.
- Categories
- Uncategorized
- Region
- Latin America
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How Behavioral Science Can Improve Digital Services: Exploring the Impact of an Innovative Accelerator Program on Social Enterprises in Latin America
Though behavioral science is a relatively new field of study in Latin America, it is increasingly being leveraged to address financial inclusion and other needs in the region – and it has particular relevance to social enterprises working in the digital space. Juan Pablo Marichi at New Ventures and Santiago Mesa at Acceso explore how New Ventures' SUMA accelerator program has applied the study of behavioral science to the issues of financial health and inclusion, and share some lessons that participants – including Acceso – have learned in the process.
- Categories
- Agriculture, Finance, Social Enterprise, Technology
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Chennai-Based Fintech Vivriti Capital Raises $55 Million to Build Global Asset Management Platform
Chennai-based fintech startup Vivriti Capital has raised $55 Mn (nearly INR 400 Cr) in its Series C funding from Lightrock India and Creation Investments.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- financial inclusion, scale, startups
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Cypher Capital Launches $100 Million Blockchain Fund, With an Aim to Invest 40% Of It in Crypto Startups in India
Cypher Capital, a private venture capital firm, announced the launch of a $100 million blockchain fund, and it aims to invest 40% of it in Indian cryptocurrency and blockchain startups.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Reaching Informal Savings Groups with Formal Financial Products: A Study’s Unexpected Findings Reveal the Challenges of Digitizing Transactions
Formalizing the financial activities of informal savings groups has long been a priority in financial inclusion. Since 2015, the Savings at the Frontier program has worked to deepen the relationships between these groups and formal financial service providers, on the assumption that this would lead group members to open individual accounts and reap the benefits of digital transactions. But as Raksha Vasudevan explains, the results of a program evaluation have challenged these assumptions. She explores these findings, and their implications for efforts to digitize informal savings groups.
- Categories
- Finance, Impact Assessment, Technology
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Press Release: Swiss Public-Private Partnership Opens Doors to Projects Mobilizing Investment for the SDGs
SDG Impact Finance Initiative calls for proposals focusing on education, jobs, climate and responsible consumption/production.
- Categories
- Investing
- Region
- Global
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Banco de la Nación Del Perú Goes Live With Temenos to Accelerate Financial Inclusion in Peru
These accounts were created with the identification number (DNI) of each citizen, as part of the Yanapay Individual Economic Support program to provide government relief funds in response to the COVID-19 pandemic.
- Categories
- Finance
- Region
- Latin America
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