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Startup Funding Triples to a Record $15 Billion in Latin America
Tech investors poured a record amount of funding into Latin America last year, minting a new class of billion-dollar startups in a region rapidly becoming a target for venture capitalists.
- Categories
- Finance, Technology
- Region
- Latin America
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Ghanaian Fintech Float Raises $17 Million Seed to Power Cash Flow for Commerce in Africa
The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, fintech, funding, small business, SMEs, technology
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Nigerian Fintech Startup Pivo Raises Funding from Microtraction
Nigerian startup Pivo, a credit-focused financial services company for SME players in the supply chain, has raised an undisclosed amount of funding from early-stage VC firm Microtraction.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Revenue-Based Financing Platform a55 Receives USD$16.3 Million Series B Investment Led by Movile to Accelerate Growth
a55, a leading revenue-based financing platform in Latin America, has received USD$16.3 million Series B investment led by Movile, a long-term investor and accelerator for LatAm tech companies.
- Categories
- Finance
- Region
- Latin America
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Savings-Led Digital Finance: The Dawn of a New Era?
The digital lending market surpassed $300 billion in 2020, with significant growth among emerging markets customers who access “instant loans” from their mobile phones. But according to Philip Acton and Finn Tiedemann at DreamStart Labs Inc., there are growing concerns about the risky practices used by some of these digital lenders. They argue that one solution may come from a new generation of “savings-led” digital finance apps that use clients' savings capacity as a proxy for their ability to repay loans – a development they describe as an important milestone in digital finance.
- Categories
- Finance, Technology
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Linking the Needs of Customers and Providers: A Framework for Effective Financial Health Measurement
Many financial service providers (FSPs) want to improve the financial health of their low-income users, but they often struggle to measure it. According to Nishant Kumar and Sonal Agrawal at Lakshya, one key challenge is that many FSPs don't see the business benefits of investing in financial health measurement. They share three principles that can help providers understand the distinct needs of different user groups, and develop a measurement methodology that links customers with interventions that impact their financial health – while boosting the FSPs' bottom line.
- Categories
- Finance, Impact Assessment
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Nigerian Ethical Credit-Recovery Fintech Bfree Secures $1.7 Million, Expands to Asia, Europe, South America and Across Africa
Bfree, a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 million in a pre-Series A round.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Tugende Raises $17 Million in Debt to Expand Vehicle, Equipment Financing for MSMEs in Kenya, Uganda
Tugende, a financial technology (fintech) firm specializing in vehicle finance in Uganda and Kenya, recently raised USD 17 million in debt funding.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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