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LiveRamp Commits $15 Million in Cash Reserves With Financial Institutions to Support Underserved Communities
The lack of access to financial resources and services negatively impacts a continuously widening wealth gap in the US, which has disproportionately affected minority and Black communities.
- Categories
- Investing, Social Enterprise
- Region
- North America
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Land Bank of the Philippines Lends Over $143 Million to MSMEs and Co-Ops for COVID-19
The Land Bank of the Philippines (LANDBANK) has approved loans totaling P6.95 billion for 227 borrowers composed mostly of micro, small and medium enterprises (MSMEs) and cooperatives that are affected by the impact of the COVID-19 pandemic.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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In the Race for Dominance in African Fintech, Partnerships With Phone Makers Are Transforming the Landscape
Corporate partnerships and acquisitions have proliferated in Africa's fintech sector in recent years, as companies fight for dominance in the growing digital payment space. Digital economy analyst Jill Lagos Shemin highlights an emerging element of this trend: alliances between mobile phone makers and payment providers and telecom operators. She explores how these partnerships can boost customer access to smartphones and digital credit, while expanding Africa's digital finance ecosystem and building tech players' footprint in this sought-after market.
- Categories
- Finance, Technology, Telecommunications
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Brazilian Fintech RecargaPay Raises $70 Million Series C Round
Founded in Brazil in 2010, RecargaPay set out to provide a comprehensive and user-friendly financial services ecosystem that would be accessible even to people who do not have bank accounts.
- Categories
- Finance
- Region
- Latin America
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Viewpoint: How Blockchain-Powered Fintech Services Can Improve Financial Inclusion
Until now not many new financial services make it genuinely easy for new users to use fintech products, especially those that involve blockchain or cryptocurrency.
- Categories
- Technology
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Activating a Network of 4 Million: Community Health Workers are Key to Fighting COVID-19 – Here’s How They Can Accelerate Financial Inclusion
The COVID-19 pandemic has transformed the role of community health workers. According to Tanjila Mazumder Drishti, Khondokar Anwar Shadat and Raiya Kishwar Ashraf at BRAC, it has also demonstrated their potential as proponents of financial access — for themselves and the families they serve. They explore a BRAC initiative to enroll its 50,000 health workers in Bangladesh in mobile money, and share how this scalable model could have enormous implications for global financial inclusion.k
- Categories
- Coronavirus, Finance, Health Care, Transportation
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Brazilian Fintech RecargaPay Raises $70 Million Series C Round
The Series C round, co-led by IDC Ventures and Fuel Venture Capital, included the participation of ATW, LUN Partners, and Experian.
- Categories
- Finance
- Region
- Latin America
- Tags
- financial inclusion, scale
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Amartha Bags US $50 Million Debt Financing to Provide Working Capital to Female Entrepreneurs in Rural Indonesia
Amartha, an Indonesian P2P lending platform focused on women micro-entrepreneurs, announced today it has secured a US$50 million debt financing from US-based Lendable.
- Categories
- Uncategorized
- Region
- South Asia
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