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Avanti Finance Raises $26 Million in Series A and Debt Funding Round Co-Led By Oikocredit and Nomura
The platform will use the funds to strengthen its platform and expand its presence to accelerate livelihood's purpose credit and other financial products to the next 100 million unserved and underserved households in India.
- Categories
- Investing
- Region
- Asia Pacific
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Mastercard and Uber Extend Partnership to Boost Growth of Digital Economy in Middle East and Africa
Mastercard and Uber has announced extending their long-standing partnership with a new strategic initiative focusing on digital payments and advancing financial inclusions, facilitated by Mastercard across the Middle East and Africa (MEA).
- Categories
- Finance
- Region
- North Africa & Near East
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Press Release: Kiva Capital Management Announces Final Close of Kiva Refugee Investment Fund to Scale Lending to Fragile Communities Globally
Kiva Capital Management, the impact-first fund management subsidiary of non-profit Kiva.org, announced today the successful final close of the Kiva Refugee Investment Fund, LLC, a $32.5 million facility to scale lending to fragile communities globally.
- Categories
- Finance
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Mastercard to Infuse $100 Million in Airtel Africa’s Mobile Money Business
Airtel Africa on Thursday announced that Mastercard would invest USD 100 million (about ₹733 crore) in its wholly-owned subsidiary Airtel Mobile Commerce BV (AMC BV).
- Region
- Sub-Saharan Africa
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Women Are Paying More for M-Pesa: A Gender Analysis of Mobile Money Fees in Kenya
The cost of using financial services is a key barrier to their adoption and use in low- and middle-income countries — and when it comes to mobile money transactions via M-Pesa in Kenya, those costs are greater for women, according to a recent study. Bryan Pon at Caribou Data shares details about the study's findings, and explains how understanding these gender differences could illuminate some of the obstacles women face when using digital financial services – and help inform policy or system design approaches that could address these challenges.
- Categories
- Finance, Technology, Telecommunications
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‘Back in the U.S.S.D.’: Most Smartphone Owners—Especially Women—Don’t Use Apps for Financial Services
The global transition from basic mobile phones to smartphones has impacted nearly every sector, including financial services. Bryan Pon from Caribou Data considers whether this shift will help or hinder access to mobile money and digital finance for women in emerging markets — a group already less likely to be using these services. He shares the findings of a comprehensive study on how payment system design could impact gender bias in digital finance, and discusses the ongoing popularity — and under-recognized advantages — of old-fashioned USSD codes in mobile money.
- Categories
- Finance, Technology, Telecommunications, Transportation
- Tags
- data, financial inclusion, fintech
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Uruguay-Based Fintech Platform dLocal Raises $150 Million
dLocal, the Uruguay-based fintech platform, announced that the company has raised $150 million in the latest investment round at a valuation of $5 billion.
- Categories
- Finance, Technology
- Region
- Latin America
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Annapurna Finance Mobilizes $30 Million in Equity From Nuveen Global Impact
"Nuveen’s expertise and funding will help us meet our expansion plans and we look forward to working with them to develop our climate initiatives,” Annapurna managing director Gobinda Chandra Pattnaik said.
- Categories
- Environment, Finance, Investing
- Region
- Asia Pacific
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