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Press release: SmartPesa announces ICO for new Blockchain solution that provides secure credit scoring data for SMEs
Accounting for 90% of companies, SMEs in emerging markets act as key drivers of economic development and generate nine out of 10 jobs. But 40% of these companies lack access to credit, creating an annual funding gap of $5.2 trillion. SmartPesa Credible is built using Blockchain technology to provide credible Know Your Customer (KYC) information, self-declared business data and cash flow statistics on a transparent, distributed and auditable platform.
- Categories
- Finance
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The world’s first mobile-only government bond in Kenya is popular, but missed its target
Given mobile money is so ubiquitous in Kenya with over 27 million users—many of whom were unbanked—M-Akiba promised the government access to a new capital base.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Global fintech investors team up to promote responsible digital finance
While the opportunities have increased, so too have the risks surrounding digital financial services for investors, investees, customers and wider digital ecosystems across markets and regions.
- Categories
- Finance
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Standard Chartered Partners To Launch Mobile Wallet In Uganda
The partnership with MTN will expand the service in Africa, making it the sixth country in Africa where Straight2Bank is available.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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One of World’s Fastest Growing FinTech Startup Launches Its First Engineering Hub in India
Tala plans to build India as the hub for its Asian operations, and the Bangalore team will play an integral role in executing Tala’s vision for the market in the region.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech, mobile finance
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Kenya telecoms operators reject money tax
The operators were reacting to Treasury secretary Henry Rotich’s announcement last Thursday that he intends to increase excise tax on mobile money transfers from 10 per cent to 12 per cent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Telenor bets on Asia’s bottom-of-the-pyramid market
Norway's telecom operator expands presence in Myanmar, Bangladesh and Pakistan.
- Categories
- Finance
- Region
- Asia Pacific
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Phone becomes a throw-in for mobile wallet app in South Africa
MyBucks, a company headquartered in Luxembourg that publicly trades in Frankfurt, was founded in 2011 to make microloans to small businesses.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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