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Mexico-Based Unicorn Stori Raises $212 Million to Promote Financial Inclusion
Stori launched its first credit card in 2020, aimed at consumers overlooked by traditional lenders.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Jack Ma Scores Win After Fintech Mynt Hits $5 Billion Valuation
It’s a welcome boost for Ma, who had built internet company Alibaba into China’s most valuable corporation.
- Categories
- Finance, Technology
- Region
- South Asia
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Aviva Raises $5.5 Million to Provide Financial Services to Underserved
The company operates a series of kiosks around Mexico that allow users to apply for loans via video call, get approved in real time and receive their funds in under 24 hours.
- Categories
- Finance, Technology
- Region
- Latin America
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Flutterwave’s Ghana Payment License Paves Way for Secure Transactions
The milestone marks a significant expansion of Flutterwave's operations in Africa by enabling the company to offer a comprehensive suite of payment services.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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How Thousands of Americans Got Caught in Fintech’s False Promise and Lost Access to Bank Accounts
The collapse of middleman Synapse has revealed fintech’s promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits have been locked out of their accounts.
- Categories
- Finance, Technology
- Region
- North America
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Fintech for Gig-Workers OCN Raises $86 Million
OCN is the leading Fintech for gig workers across the Americas.
- Categories
- Finance, Technology
- Region
- Latin America
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Vietnam Mandates Facial Recognition for Digital Payments Above $390
The new policy change received validity from the State Bank of Vietnam at the start of July, with the banking regulator hinting at a strict enforcement of the rules.
- Categories
- Technology
- Region
- South Asia
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Telecom Industry Coalition to Boost Access to Smartphones in Poor Countries
The coalition will assess ways to lower the cost of entry into the digital economy for low-income populations, particularly in Sub-Saharan Africa and South Asia.
- Categories
- Technology, Telecommunications
- Region
- Global
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